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Time Business News
an hour ago
- Time Business News
delta flight dl275 diverted lax
In an unexpected turn of events, Delta Flight DL275 Diverted LAX, en route from Atlanta (ATL) to Seoul-Incheon (ICN), was diverted mid-flight to Los Angeles International Airport (LAX) due to a potential in-flight emergency. The incident occurred recently and caught the attention of both passengers and aviation enthusiasts around the world. While the airline has remained cautious in disclosing detailed reasons behind the diversion, initial reports suggest the flight crew decided out of an abundance of safety and operational concerns, which is standard protocol in the aviation industry. Regardless of the specific cause, the safety-first approach once again proved crucial. Delta Flight DL275 Diverted LAX, is a long-haul international route that connects Hartsfield–Jackson Atlanta International Airport (ATL) with Seoul–Incheon International Airport (ICN). The flight is typically operated by a wide-body aircraft, often a Boeing 777 or Airbus A350, designed for long-distance travel and capable of carrying hundreds of passengers across continents. This flight represents one of Delta's key transpacific routes, and it carries a mix of business travelers, students, and tourists heading to South Korea. A diversion on this route is rare and, therefore, worthy of analysis. The exact reason for the diversion has not been officially confirmed by Delta Airlines at the time of writing. However, reports from passengers and aviation trackers indicate it may have been caused by a medical emergency, technical issue, or weather-related complication. These are some of the most common causes of emergency landings and in-air course changes. According to Flightradar24 and other live tracking services, the plane began a steady descent several hours into the flight before landing safely at LAX – Los Angeles International Airport. The flight path deviation was noted by several real-time aviation watchers, who quickly identified the unscheduled landing. To understand more details and real-time updates, you can visit the complete report here: 👉 Delta Flight DL275 Diverted LAX – Full Story Passengers on DL275 were understandably concerned during the diversion, but multiple firsthand accounts have emphasized that the Delta flight crew maintained professionalism and clear communication throughout the situation. Cabin crew kept passengers informed about the change in route and made sure safety procedures were followed diligently. On social media platforms like X (formerly Twitter), several passengers shared their surprise at the sudden landing but also expressed relief and gratitude that the airline prioritized their safety. Some even complimented the smooth handling and landing at LAX despite the unexpected situation. Flight diversions are not taken lightly in the aviation world. When a flight changes course after departure, it usually involves close communication between the cockpit crew and Air Traffic Control (ATC), airline dispatchers, and sometimes emergency medical teams on the ground. In most cases, a flight is diverted when continuing on the original route could pose health, safety, or operational risks. Common causes include: Medical emergencies onboard Mechanical or technical issues Bad weather at the destination airport Security concerns or unruly passengers In this case, LAX served as the best available alternative due to its proximity, facilities, and Delta's existing operations at the airport. After safely landing at LAX, Delta likely arranged for: Medical or technical checks of the aircraft Alternate flights or hotel accommodations for passengers Coordination with U.S. Customs and Border Protection Crew rest and duty time adjustments Depending on the length of delay and nature of the issue, passengers may have been rebooked on connecting flights or resumed their journey on the same aircraft after clearance. For more real-time updates or deeper analysis, visit the original article here: 👉 Click to read the full report on Delta Flight DL275 Although flight diversions are relatively rare, they highlight the rigorous safety protocols in place in modern commercial aviation. In this case, Delta Airlines made the right decision to land at LAX instead of continuing to Seoul, ensuring passenger and crew safety above all else. This event also serves as a reminder to travelers that unexpected flight changes can happen, and it's always wise to stay alert, cooperative, and flexible during international journeys. While the diversion of Delta-flight-dl275-diverted-lax caused an interruption in travel plans, it also showcased the airline industry's ability to respond to in-flight challenges with efficiency and calm. The aircraft landed safely, no injuries were reported, and all passengers were handled with care and professionalism. Such incidents, though unexpected, reinforce the fact that in aviation, safety always comes first. Delta's response to this situation aligns with industry best practices and further strengthens the airline's reputation for handling emergencies responsibly. For the latest developments and a full timeline of events from takeoff to landing, you can visit: 👉 TIME BUSINESS NEWS
Business Wire
a day ago
- Business
- Business Wire
Hexcel Reports 2025 Second Quarter Results
STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL): See Table C for reconciliation of GAAP and non-GAAP operating income, net income, earnings per share and operating cash flow to free cash flow. Free cash flow is cash from operations less capital expenditures. Hexcel Corporation (NYSE: HXL) today reported second quarter 2025 results including net sales of $490 million and adjusted diluted EPS of $0.50 per share. Chairman, CEO and President Tom Gentile said, 'Hexcel delivered sales and adjusted EPS in line with expectations for the second quarter of 2025, based on modest sequential growth in three of our four major commercial aerospace programs, with the exception being softness in the Airbus A350 as expected and previously communicated due to production rate decreases announced by Airbus and destocking of excess inventory in the supply chain. There was continued growth in the Other Commercial Aerospace market, and we were pleased to see Defense, Space and Other providing robust growth yet again with a high single digit step-up over the second quarter of 2024. Overall production levels and reduced capacity utilization, along with actions to reduce inventory meant gross margin remained subdued. The opportunity for significant margin leverage and cash flow generation remains strong, and we are encouraged by the more positive tones and progress conveyed by the commercial airframe and engine OEM's in recent months.' Mr. Gentile continued, 'We also completed the previously announced closure of our Welkenraedt, Belgium facility resulting in restructuring charges of $24.2 million. Combined with the announced strategic review of our Neumarkt, Austria facility, and our recent divestiture of our US additive printing business, we continue to streamline our operations and focus on upcoming aircraft production rate ramps. Hexcel also participated in the Paris Air Show last month where we reinforced existing relationships, announced some new relationships, and highlighted recent advances with our innovative technology. We forecast a compelling growth trajectory for the business as production rates on all commercial and military programs continue to increase. Based on this confidence, we continued to repurchase stock with another $50 million of repurchases executed in the second quarter. We have repurchased stock in five of the past six quarters and have now repurchased almost six percent of the shares outstanding since the beginning of 2024.' Markets Sales in the second quarter of 2025 were $489.9 million compared to $500.4 million in the second quarter of 2024. Beginning with the first quarter of 2025, sales are being reported for two markets, including Commercial Aerospace, unchanged from past practice, and Defense, Space & Other, which combines the previous Space & Defense market and Industrial market. Prior period sales amounts have been reclassified for comparative purposes. Commercial Aerospace Commercial Aerospace sales of $293.1 million for the second quarter of 2025 decreased 8.6% (8.9% in constant currency) compared to the second quarter of 2024. Sales decreased year over year for each of the four major programs including the Airbus A350 and A320neo and the Boeing 787 and 737 MAX. Other Commercial Aerospace increased 5.1% for the second quarter of 2025 compared to the second quarter of 2024. Defense, Space & Other Defense, Space & Other sales of $196.8 million in the second quarter of 2025 increased 9.5% (7.6% in constant currency) for the quarter as compared to the second quarter of 2024. Growth was driven by Sikorsky CH-53K, two international fighter programs and space programs including launchers, rocket motors and satellites. Consolidated Operations Gross margin for the second quarter of 2025 was 22.8% compared to 25.3% in the second quarter of 2024 as lower sales and inventory reduction actions drove unfavorable cost leverage. We are also now beginning to feel the impact of tariffs. As a percentage of sales, selling, general and administrative expenses for the second quarter of 2025 were 8.8% compared to 8.0% for the second quarter of 2024. R&T expenses as a percentage of sales were 2.9% in the second quarter of 2025, unchanged from the comparable prior year period. Adjusted operating income in the second quarter of 2025 was $54.2 million or 11.1% of sales, compared to $72.0 million, or 14.4% of sales in the second quarter of 2024. Other operating expense in the second quarter of 2025 included restructuring charges of $24.2 million related to the previously announced closure of the Welkenraedt, Belgium facility, which is reported within the Engineered Products segment. The impact of exchange rates on operating income as a percent of sales was favorable by approximately 10 basis points in the second quarter of 2025 compared to the second quarter of 2024. Year-to-Date 2025 Results Sales for the first six months of 2025 were $946.4 million compared to $972.7 million, a 2.7% decrease from the same period in 2024. Commercial Aerospace (61% of YTD sales) Commercial Aerospace sales of $573.2 million decreased 7.5% (7.7% in constant currency) for the first six months of 2025 compared to the first six months of 2024 as sales to all four major programs were lower, led by the 787 and A350. Other Commercial Aerospace increased 6.0% for the first six months of 2025 compared to the same period in 2024. Defense, Space & Other (39% of YTD sales) Defense, Space & Other sales of $373.2 million increased 5.8% (5.2% in constant currency) for the first six months of 2025 as compared to the first six months of 2024. Growth was broad based including military helicopters, fighters and space programs. Consolidated Operations Gross margin for the first six months of 2025 was 22.6% compared to 25.2% in the prior year period. As a percentage of sales, selling, general and administrative expenses for the first six months of 2025 were 9.1%, unchanged from the comparable prior year period. R&T expenses as a percentage of sales were 3.0% in the first six months of 2025 compared to 3.1% in the first six months of 2024. Adjusted operating income for the first six months of 2025 was $99.5 million or 10.5% of sales, compared to $126.1 million or 13.0% of sales in 2024. Other operating expense for the first six months of 2025 included restructuring charges of $25.3 million related to the previously announced closure of the Belgium facility and the divestiture of the Hartford, Connecticut business. Other operating expense of $1.4 million for the first six months of 2024 included restructuring costs. The impact of exchange rates on operating income as a percent of sales was favorable by approximately 30 basis points in the first six months of 2025 compared to the first six months of 2024. Cash and other Net cash used for operating activities in the first six months of 2025 was $5.2 million, compared to net cash provided of $37.2 million for the first six months of 2024. Working capital was a cash use of $124.5 million for the first six months of 2025 and a use of $118.3 million for the comparable period in 2024. Capital expenditures on a cash basis were $41.4 million for the first six months of 2025. For the first six months of 2024, capital expenditures on a cash basis were $51.6 million. Free cash flow was ($46.6) million in the first six months of 2025 compared to ($14.4) million in the first six months of 2024. Free cash flow is defined as cash generated from operating activities less cash paid for capital expenditures. Capital expenditures on an accrual basis were $31.8 million and $41.1 million for the first six months of 2025 and 2024, respectively. The Company used $50.5 million to repurchase shares of its common stock during the second quarter of 2025 and $100.9 million during the first six months of 2025. The aggregate remaining authorization under the share repurchase program as of June 30, 2025 was approximately $134 million. As announced today, the Board of Directors declared a quarterly dividend of $0.17 per share payable to stockholders of record as of August 8, 2025, with a payment date of August 15, 2025. 2025 Guidance (Unchanged – tariff impact not included) Sales of $1.88 billion to $1.95 billion Adjusted diluted earnings per share of $1.85 to $2.05 Free cash flow of approximately $190 million Capital expenditures less than $90 million Effective tax rate of 21.0%, excluding discrete tax items and subject to final review of the OBBB (One Big Beautiful Bill) Hexcel will host a conference call at 9:00 a.m. ET, on July 25, 2025 to discuss second quarter 2025 results. The live webcast will be available on the Investor Relations section of the Hexcel website via the following link: The event can also be accessed by dialing +1 (646) 307-1963. The conference ID is 2360739. Replays of the call will be available on the website. About Hexcel Hexcel Corporation is a global leader in advanced lightweight composites technology. We propel the future of flight and transportation through excellence in advanced material lightweighting solutions that create a better world for us all. Our broad and unrivaled product range includes carbon fiber, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core and composite structures for use in commercial aerospace, defense and space, and industrial applications. Disclaimer on Forward Looking Statements This news release contains statements that are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the estimates and expectations based on aircraft production rates provided by Airbus, Boeing and others, and the revenues we may generate from an aircraft model or program; expectations with regard to the impact of regulatory activity related to the Boeing 737 MAX on our revenues; expectations with regard to raw material cost and availability, including any impact associated with quotas, duties, tariffs, taxes or other similar restrictions upon the import or export of materials; expectations of composite content on new commercial aircraft programs and our share of those requirements; expectations regarding revenues from space and defense applications, including whether certain programs might be curtailed or discontinued; expectations regarding sales for industrial applications; expectations regarding cash generation, working capital trends, and inventory levels; expectations as to the level of capital expenditures, capacity, including the timing of completion of capacity expansions, and qualification of new products; expectations regarding our ability to improve or maintain margins; expectations regarding our ability to attract, motivate, and retain the workforce necessary to execute our business strategy; projections regarding our tax rate; expectations with regard to the continued impact of macroeconomic factors or geopolitical issues or conflicts, including retaliatory actions taken in response to U.S. trade policy; expectations regarding our strategic initiatives, including our sustainability goals; expectations with regard to the effectiveness of cybersecurity measures; expectations regarding the outcome of legal matters or the impact of changes in laws or regulations; and our expectations of financial results for 2025 and beyond. Actual results may differ materially from the results anticipated in the forward looking statements due to a variety of factors, including but not limited to the extent of the impact of macroeconomic factors or geopolitical issues or conflicts; reductions in sales to any significant customers, particularly Airbus or Boeing, including related to regulatory activity or public scrutiny impacting the Boeing 737 MAX; our ability to effectively adjust production and inventory levels to align with customer demand; our ability to effectively motivate, retain and hire the necessary workforce; the availability and cost of raw materials, including the impact of supply disruptions, inflation and tariffs; our ability to successfully implement or realize our strategic initiatives, including our sustainability goals and any restructuring or alignment activities in which we may engage; changes in sales mix; changes in current pricing due to cost levels; changes in aerospace delivery rates; changes in government defense procurement budgets; timely new product development or introduction; our ability to install, staff and qualify necessary capacity or complete capacity expansions to meet customer demand; cybersecurity-related risks, including the potential impact of breaches or intrusions; currency exchange rate fluctuations; uncertainty related to government actions and changes in domestic and international political, social and economic conditions, including the effect of change in global trade policies, tariff rates, economic sanctions and embargoes; work stoppages or other labor disruptions; our ability to successfully complete any strategic acquisitions, investments or dispositions; compliance with environmental, health, safety and other related laws and regulations, including those related to climate change; the effects of natural disasters or other severe weather events, which may be worsened by the impact of climate change, and other severe catastrophic events, including any public health crisis; and the unexpected outcome of legal matters or impact of changes in laws or regulations. Additional risk factors are described in our filings with the Securities and Exchange Commission. We do not undertake an obligation to update our forward-looking statements to reflect future events. Hexcel Corporation and Subsidiaries Condensed Consolidated Balance Sheets Unaudited June 30, December 31, (In millions) 2025 2024 Assets Cash and cash equivalents $ 77.2 $ 125.4 Accounts receivable, net 271.4 212.0 Inventories, net 375.4 356.2 Contract assets 40.7 29.8 Prepaid expenses and other current assets 75.2 50.6 Assets held for sale 7.5 7.5 Total current assets 847.4 781.5 Property, plant and equipment 3,298.1 3,163.1 Less accumulated depreciation (1,669.1 ) (1,566.4 ) Net property, plant and equipment 1,629.0 1,596.7 Goodwill and other intangible assets, net 243.2 237.0 Investments in affiliated companies 5.0 5.0 Other assets 118.7 105.4 Total assets $ 2,843.3 $ 2,725.6 Liabilities and Stockholders' Equity Liabilities: Short-term borrowings $ - $ 0.1 Accounts payable 111.1 142.3 Accrued compensation and benefits 71.3 99.7 Accrued liabilities 128.9 107.2 Liabilities held for sale 4.2 4.2 Total current liabilities 315.5 353.5 Long-term debt 827.7 700.6 Retirement obligations 31.0 31.9 Other non-current liabilities 115.2 111.7 Total liabilities $ 1,289.4 $ 1,197.7 Stockholders' equity: Common stock, $0.01 par value, 200.0 shares authorized, 112.0 shares issued at June 30, 2025 and 111.6 shares issued at December 31, 2024 $ 1.1 $ 1.1 Additional paid-in capital 985.4 970.0 Retained earnings 2,266.4 2,251.5 Accumulated other comprehensive loss (13.6 ) (115.0 ) 3,239.3 3,107.6 Less – Treasury stock, at cost, 32.4 shares at June 30, 2025 and 30.6 shares at December 31, 2024 (1,685.4 ) (1,579.7 ) Total stockholders' equity 1,553.9 1,527.9 Total liabilities and stockholders' equity $ 2,843.3 $ 2,725.6 Expand Hexcel Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows Unaudited Six Months Ended June 30, (In millions) 2025 2024 Cash flows from operating activities Net income $ 42.4 $ 86.5 Reconciliation to net cash (used in) provided by operating activities: Depreciation and amortization 60.6 62.0 Amortization related to financing 0.1 0.2 Deferred income taxes (2.7 ) (3.0 ) Stock-based compensation 12.4 16.4 Restructuring expenses, net of payments 23.1 0.2 Debt extinguishment costs 0.4 - Loss on divestiture of assets 1.1 - Changes in assets and liabilities: Increase in accounts receivable (44.2 ) (50.4 ) Decrease (increase) in inventories 7.2 (21.8 ) Increase in prepaid expenses and other current assets (19.5 ) (28.2 ) Decrease in accounts payable/accrued liabilities (68.0 ) (17.9 ) Other - net (18.1 ) (6.8 ) Net cash (used for) provided by operating activities (a) (5.2 ) 37.2 Cash flows from investing activities Capital expenditures (b) (41.4 ) (51.6 ) Payments on divestiture of assets (1.1 ) - Net cash used for investing activities (42.5 ) (51.6 ) Cash flows from financing activities Borrowings from senior unsecured credit facilities 160.0 95.0 Repayments of senior unsecured credit facilities (30.0 ) - Redemption of 4.7% senior notes due 2025 (300.0 ) - Proceeds from issuance of 5.875% senior notes due 2035 300.0 - Repurchases of common stock (100.9 ) (201.8 ) Repayment of finance lease obligation and other debt, net (3.9 ) 0.1 Dividends paid (27.5 ) (25.0 ) Activity under stock plans (1.8 ) (4.3 ) Net cash used for financing activities (4.1 ) (136.0 ) Effect of exchange rate changes on cash and cash equivalents 3.6 (1.2 ) Net decrease in cash and cash equivalents (48.2 ) (151.6 ) Cash and cash equivalents at beginning of period 125.4 227.0 Cash and cash equivalents at end of period $ 77.2 $ 75.4 Supplemental data: Free Cash Flow (a)+(b) $ (46.6 ) $ (14.4 ) Accrual basis additions to property, plant and equipment $ 31.8 $ 41.1 Expand Hexcel Corporation and Subsidiaries Net Sales to Third-Party Customers by Market Quarters Ended June 30, 2025 and 2024 Unaudited Table A (In millions) As Reported Constant Currency (a) B/(W) FX B/(W) Market 2025 2024 % Effect (b) 2024 % Commercial Aerospace $ 293.1 $ 320.7 (8.6 ) $ 1.1 $ 321.8 (8.9 ) Defense, Space & Other 196.8 179.7 9.5 3.2 182.9 7.6 Consolidated Total $ 489.9 $ 500.4 (2.1 ) $ 4.3 $ 504.7 (2.9 ) Consolidated % of Net Sales % % % Commercial Aerospace 59.8 64.1 63.8 Defense, Space & Other 40.2 35.9 36.2 Consolidated Total 100.0 100.0 100.0 Six Months Ended June 30, 2025 and 2024 Unaudited (In millions) As Reported Constant Currency (a) B/(W) FX B/(W) Market 2025 2024 % Effect (b) 2024 % Commercial Aerospace $ 573.2 $ 620.0 (7.5 ) $ 0.8 $ 620.8 (7.7 ) Defense, Space & Other 373.2 352.7 5.8 1.9 354.6 5.2 Consolidated Total $ 946.4 $ 972.7 (2.7 ) $ 2.7 $ 975.4 (3.0 ) Consolidated % of Net Sales % % % Commercial Aerospace 60.6 63.7 63.6 Defense, Space & Other 39.4 36.3 36.4 Consolidated Total 100.0 100.0 100.0 Expand (a) To assist in the analysis of the Company's net sales trend, total net sales and sales by market for the quarter and six months ended June 30, 2024 have been estimated using the same U.S. dollar, British pound and Euro exchange rates as applied for the respective periods in 2025 and are referred to as 'constant currency' sales. (b) FX effect is the estimated impact on 'as reported' net sales due to changes in foreign currency exchange rates. Expand Hexcel Corporation and Subsidiaries Segment Information Unaudited Table B (In millions) Composite Materials Engineered Products Corporate & Other (a) Total Second Quarter 2025 Net sales to external customers $ 393.2 $ 96.7 $ - $ 489.9 Intersegment sales 19.4 0.4 (19.8 ) - Total sales 412.6 97.1 (19.8 ) 489.9 Other operating expense - 24.2 - 24.2 Operating income (loss) 58.3 (13.6 ) (14.7 ) 30.0 % Operating margin 14.1 % (14.0 )% 6.1 % Depreciation and amortization 27.5 3.3 - 30.8 Stock-based compensation expense 0.9 0.2 1.6 2.7 Accrual based additions to capital expenditures 13.1 1.6 - 14.7 Second Quarter 2024 Net sales to external customers $ 408.6 $ 91.8 $ - $ 500.4 Intersegment sales 23.9 0.6 (24.5 ) - Total sales 432.5 92.4 (24.5 ) 500.4 Other operating expense - 0.2 - 0.2 Operating income (loss) 74.3 13.0 (15.5 ) 71.8 % Operating margin 17.2 % 14.1 % 14.3 % Depreciation and amortization 27.3 3.7 - 31.0 Stock-based compensation expense 1.1 0.3 1.9 3.3 Accrual based additions to capital expenditures 18.6 3.9 - 22.5 First Six Months 2025 Net sales to external customers $ 758.5 $ 187.9 $ - $ 946.4 Intersegment sales 39.5 0.7 (40.2 ) - Total sales 798.0 188.6 (40.2 ) 946.4 Other operating expense - 25.3 - 25.3 Operating income (loss) 112.9 (8.5 ) (30.2 ) 74.2 % Operating margin 14.1 % (4.5 )% 7.8 % Depreciation and amortization 54.1 6.5 - 60.6 Stock-based compensation expense 3.9 1.0 7.5 12.4 Accrual based additions to capital expenditures 28.6 3.2 - 31.8 First Six Months 2024 Net sales to external customers $ 788.1 $ 184.6 $ - $ 972.7 Intersegment sales 47.2 0.9 (48.1 ) - Total sales 835.3 185.5 (48.1 ) 972.7 Other operating expense 0.8 0.6 - 1.4 Operating income (loss) 138.0 25.9 (39.2 ) 124.7 % Operating margin 16.5 % 14.0 % 12.8 % Depreciation and amortization 54.5 7.5 - 62.0 Stock-based compensation expense 4.2 1.1 11.1 16.4 Accrual based additions to capital expenditures 35.3 5.8 - 41.1 Expand (a) Hexcel does not allocate corporate expenses to the operating segments. Expand Unaudited Quarters Ended June 30, 2025 2024 (In millions, except per diluted share data) Net Income EPS Net Income EPS GAAP $ 13.5 $ 0.17 $ 50.0 $ 0.60 Other operating expense, net of tax (a) 24.2 0.30 0.2 - Other income, net of tax (b) (0.7 ) (0.01 ) - - Tax expense (c) 3.4 0.04 - - Non-GAAP $ 40.4 $ 0.50 $ 50.2 $ 0.60 Expand Unaudited Six Months Ended June 30, 2025 2024 (In millions, except per diluted share data) Net Income EPS Net Income EPS GAAP $ 42.4 $ 0.52 $ 86.5 $ 1.03 Other operating expense, net of tax (a) 25.1 0.31 1.1 0.01 Other income, net of tax (b) (0.4 ) - - - Tax expense (c) 3.4 0.04 - - Non-GAAP $ 70.5 $ 0.87 $ 87.6 $ 1.04 Expand Unaudited Six Months Ended June 30 (In millions) 2025 2024 Net cash provided by operating activities $ (5.2 ) $ 37.2 Less: Capital expenditures (41.4 ) (51.6 ) Free cash flow (non-GAAP) $ (46.6 ) $ (14.4 ) Expand (a) The quarter and six months ended June 30, 2025 included restructuring charges of $24.2 million related to the closure of the Welkenraedt facility in Belgium. The six months ended June 30, 2025 also included a loss of $1.1 million for the divestiture of the Hartford, Connecticut business. The quarter and six months ended June 30, 2024 included restructuring costs. (b) The quarter and six months ended June 30, 2025 included a gain of $0.9 million related to a lump-sum pension settlement. The six months ended June 30, 2025 also included debt extinguishment costs. (c) The quarter and six months ended June 30, 2025 included a tax charge of $3.4 million for a valuation allowance related to the closure of the Welkenraedt facility. Expand NOTE: Management believes that adjusted operating income, adjusted net income, adjusted diluted net income per share and free cash flow, which are non-GAAP measures, are meaningful to investors because they provide a view of Hexcel with respect to the underlying operating results excluding special items. Special items represent significant charges or credits that are important to an understanding of Hexcel's overall operating results in the periods presented. Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance. Expand Hexcel Corporation and Subsidiaries Schedule of Total Debt, Net of Cash Table D Unaudited June 30, December 31, June 30, (In millions) 2025 2024 2024 Current portion finance lease $ - $ 0.1 $ 0.1 Total current debt - 0.1 0.1 Senior unsecured credit facility 130.0 - 95.0 4.7% senior notes due 2025 - 300.0 300.0 3.95% senior notes due 2027 400.0 400.0 400.0 5.875% senior notes due 2035 300.0 - - Senior notes original issue discounts (0.3 ) (0.4 ) (0.5 ) Senior notes deferred financing costs (4.3 ) (0.9 ) (1.2 ) Other debt 2.3 1.9 1.6 Total long-term debt 827.7 700.6 794.9 Total Debt 827.7 700.7 795.0 Less: Cash and cash equivalents (77.2 ) (125.4 ) (75.4 ) Total debt, net of cash $ 750.5 $ 575.3 $ 719.6 Expand
Yahoo
3 days ago
- Business
- Yahoo
Woodward completes acquisition of Safran's NA electromechanical business
Woodward (WWD) has completed its acquisition of Safran's Electronics & Defense electromechanical actuation business based in the United States, Mexico, and acquisition, first announced in December 2024, includes intellectual property, operations assets, talent, and long-term customer agreements, including those for Horizontal Stabilizer Trim Actuation systems for aircraft stabilization to support safe and efficient flight, notably used for the Airbus A350. The A350 HSTA, a key product within the acquired portfolio, represents one of the most advanced electromechanical control technologies in large commercial aviation. The transaction also includes other electromechanical products and electronic control units with a portfolio of commercial and business aircraft applications. Teams will now work to ensure the integration process supports an efficient transition for team members and for customers. This acquisition was made in the ordinary course of business. It is not financially material, and therefore the financial terms of the transaction are not disclosed at this time. Additional information, if any, will be disclosed in upcoming periodic reports, in compliance with applicable rules. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on WWD: Disclaimer & DisclosureReport an Issue Woodward price target raised to $294 from $267 at Truist Woodward price target raised to $320 from $291 at Deutsche Bank Woodward removed from US Conviction List at Goldman Sachs Woodward selected by Airbus as supplier for hydraulic A350 SPA Woodward price target raised to $267 from $232 at Truist
What's On
3 days ago
- Business
- What's On
Emirates Careers: Emirates Group to recruit more than 17,300 staff
Dubai-based powerhouse, Emirates Group has launched a huge talent drive to recruit over 17,300 professionals as they plan to expand. This recruitment will be for over 350 roles across the group, in all aspects of the business such as cabin crew, pilots, IT professionals, engineers, commercial and sales teams, ground handling, catering. 17,300 people is the same number as a mid-size town or 58 Airbus A350 planes, so there will be a lot of jobs up for grabs. Emirates will be holding more than 2,100 open days and talent events in 150 cities to recruit the best staff, including Dubai-based events to meet UAE national students and graduates. Emirates Group has onboarded more than 41,000 talented professionals since 2022, including nearly 27,000 in various operational roles, and today has a 121,000-strong workforce. However in the last financial year, the group received more than 3.7 million applications of people looking for careers at Emirates across all brands and departments. HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline & Group, said: 'The Emirates Group's people strategy is anchored in Dubai's Economic Agenda D33 and our own projected growth and expansion. We're seeking world-class talent to fuel our bold ambition, redefine the future of aviation, and continue our commitment and culture of innovation and excellence. This is an opportunity for skilled and talented professionals to play a stellar role in our future, our strategy, and our growth story.' There are many benefits that Emirates employees can get, such as medical, dental and they even recently received a 22-week bonus. Want to apply? Go to Image: Emirates Group > Sign up for FREE to get exclusive updates that you are interested in
Time of India
3 days ago
- Business
- Time of India
Emirates is hiring for 17,000+ fresh jobs: Roles, pay, benefits and accommodation, key details inside
TL;DR Emirates Group aims to hire around 17,300 people across 350 job types worldwide. Roles span Emirates and dnata, from cabin crew and pilots to engineers, IT, finance and more. Dubai-based staff get tax‑free pay, accommodation or allowance, travel perks, medical cover, and more. The Emirates Group has launched a huge global drive to bring in talent. They want around 17,300 new hires this year, covering 350 roles. That's about the number of seats on 58 Airbus A350 jets or the size of a small town. Tired of too many ads? go ad free now Both Emirates airline and dnata, the travel and cargo services arm, need people. That includes cabin crew, pilots, engineers, sales, IT, finance, HR, ground handling and catering. dnata alone wants over 4,000 specialists. Since 2022, they've hired more than 41,000 staff and today employ some 121,000 people. They also maintain a people‑first strategy, attract millions of job applications annually, and boost employees with strong pay and benefits. This drive comes as they support growth aligned with Dubai's D33 economic vision. Let's break down what this means for applicants and potential hires. About the Hiring Drive The Emirates Group is hiring 17,300 people across 350 roles this financial year. That's equivalent to filling a mid‑size town or 58 Airbus A350s. Roles are live across Emirates and dnata and include cabin crew, pilots, engineers, commercial and sales, HR, finance, catering, customer service and IT dnata needs over 4,000 cargo, ground handling and catering experts. They're running more than 2,100 open days and recruitment events in 150 cities worldwide and in Dubai, focusing on UAE nationals and global talent. This is part of their growth strategy and links to Dubai's Economic Agenda D33, helping them shape their future with the right mix of skills and experience. Roles Available Flight & Operations Cabin crew, pilots and aviation engineers. dnata ground handling and cargo teams. Engineering staff for maintenance and operations. Corporate & Support IT professionals, sales, commercial development. HR, finance, customer service and other roles. Hundreds of hires are needed for each of these categories. The scale spans entry-level to senior roles across different departments. Recent Hiring & Growth Since 2022, they've onboarded over 41,000 staff, about 27,000 in operational roles, to reach a headcount of 121,000. As of the 2023–24 financial year, the Emirates Group's workforce grew by 10% to a record 112,406 employees, according to the group's official announcement. Tired of too many ads? go ad free now Last year's hiring process pulled in over 3.7 million applications across all brands and roles They're also using AI tools to speed up hiring, cutting recruitment time from ~60 days to near zero and saving significant costs and recruiter time Pay, Benefits & Accommodation Pay & Salary Review Basic monthly salary: Dh4,430 (approximately $1,206 USD) Flying pay: Dh63.75 per hour (approximately $17.36 USD) (80–100 flying hours monthly) Total monthly earnings: approx. Dh10,000–Dh12,000 (around $2,770-$3,240 USD) Benefits Package Tax‑free salary in UAE. Comprehensive health and dental insurance for employees and dependents. Education allowance covering up to three children. Profit share eligibility. Concessional and annual leave flight tickets for self, family and friends. Discounts at retail, hotels, leisure and lifestyle outlets via membership cards Accommodation Some roles include company-provided accommodation; others get an allowance. Utility bills may be covered if using company housing. With allowances, you get financial support, not full coverage,toward rent/utilities Cabin crew and pilots often have housing covered during training. Staff may share housing initially. You can opt out in some cases if eligible (e.g., married or having a first-degree relative in UAE) and take an allowance instead More on Employee Experience Emirates opened a dedicated facility called Wejhaty at its Dubai HQ. It's a 22,770 career and employee lounge that handles recruitment, assessments, onboarding, HR, medical services and candidate visits. It can host thousands daily. There are furnished spaces for interviews, executive meetings and immersive induction sessions FAQ Q1. How to apply or join open days? Check Emirates Group careers site for jobs and events. Q2. What benefits do pilots and cabin crew get? Besides salary, they get housing, insurance, and family travel perks. Q3. Can I get housing allowance and live off-campus? Often yes, but company housing may be required during training.
