Latest news with #HexcelCorporation
Business Wire
24-07-2025
- 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
Fashion Value Chain
24-07-2025
- Automotive
- Fashion Value Chain
Engineered Fibers Market to Hit USD 20.23 Bn by 2034
Engineered Fibers Market to Reach USD 20.23 Billion by 2034, Driven by Sustainability and High-Tech Applications According to the latest study by Polaris Market Research, the engineered fibers market is projected to grow from USD 11.98 billion in 2024 to USD 20.23 billion by 2034, registering a CAGR of 5.39% during the forecast period. The report, titled 'Engineered Fibers Market Share, Size, Trends & Industry Analysis Report: 2025–2034', highlights key growth drivers across end-use sectors and regions. Fiber Innovation Meets Industrial Performance Engineered fibers are specialty materials designed to deliver superior mechanical, thermal, and functional capabilities. These fibers are now being adopted across automotive, aerospace, construction, and healthcare for their ability to integrate features like conductivity, self-healing, and smart responsiveness. As industries seek more than traditional textile functions, these high-performance fibers are enabling next-gen material solutions. Key Growth Drivers: Sustainable Manufacturing : Engineered fibers are increasingly produced using eco-friendly and recyclable materials , aligning with global regulatory and consumer pressure to reduce environmental impact. Carbon Fiber Demand : In 2024, carbon fibers led the market, valued for their high strength-to-weight ratio and thermal stability , making them a material of choice in aerospace and automotive. Automotive Leads End-Use Sectors : Lightweight fibers are essential in improving vehicle fuel efficiency and performance , driving the fastest growth in this segment. Asia Pacific Dominance : With rapid industrialization and large-scale infrastructure investment, the region accounted for the highest revenue share in 2024 . North America's Growth Outlook: Rising adoption in defense, aerospace, and premium vehicles is expected to elevate demand during the forecast period. Market Segmentation Snapshot: By Type: Carbon Fibers Aramid Fibers Glass Fibers Others By End-Use Industry: Automotive Construction & Infrastructure Healthcare Others By Region: North America (US, Canada) Europe (Germany, UK, France, etc.) Asia Pacific (China, India, Japan, etc.) Latin America (Brazil, Mexico) Middle East & Africa (UAE, Saudi Arabia, South Africa) Top Players in the Global Market: Toray Industries, Inc. Hexcel Corporation DuPont Lenzing AG Solvay Teijin Limited Mitsubishi Chemical Corporation SGL Carbon, among others. Download Sample Report
Business Wire
01-07-2025
- Business
- Business Wire
Hexcel Schedules Second Quarter 2025 Earnings Release and Conference Call
STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL) announced today that it will report financial results for its second quarter of 2025 on Thursday, July 24 after the market close. The company will host a webcast and conference call to discuss highlights of its financial results on Friday, July 25 at 9:00 am ET. The call will be hosted by Chairman, CEO and President Tom Gentile and Chief Financial Officer Patrick Winterlich. The event will be webcast via the Investor Relations webpage at The event can also be accessed by dialing +1 (646) 307-1963. The conference ID is 2360739. A replay of the call will be available on the investor relations page of the Hexcel website approximately two hours after the conclusion of the call. About Hexcel Hexcel Corporation is a global leader in advanced lightweight composites technology. We propel the future of flight and transportation through excellence in providing innovative high-performance material solutions that are lighter, stronger and tougher, helping to 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.
Fibre2Fashion
17-06-2025
- Business
- Fibre2Fashion
US Hexcel, Embraer mark 50 years with new supply agreement
Hexcel Corporation, a global leader in advanced composite materials, celebrated 50 years of supply to Embraer during a celebration at the Paris Air Show, marked by the signing of a preferred supplier agreement for composite raw materials. This milestone underscores the enduring collaboration and mutual commitment to innovation and excellence in aerospace technology. "We are honored to celebrate 50 years of supply to Embraer, a relationship that has been built on trust, innovation, and shared vision,' said Tom Gentile, Chairman, President and CEO of Hexcel , during a ceremony at the 55th International Paris Air Show. 'Hexcel's advanced composite materials have been integral to the performance and efficiency of Embraer's aircraft, and we look forward to continuing this journey together." Hexcel celebrated 50 years of collaboration with Embraer at the Paris Air Show, marking the milestone with a preferred supplier agreement for composite materials. The partnership highlights decades of innovation in aerospace, with Hexcel's composites used in key Embraer aircraft. Both firms reaffirmed their shared commitment to advancing sustainable aviation technologies. "Hexcel has been a key partner in our mission to deliver our aircraft with safety first and quality always,' added Roberto Chaves, Executive Vice-President of Global Procurement & Supply Chain of Embraer . 'Their commitment to quality, collaboration and innovation has contributed to the sustainable growth of our businesses. We are excited to recognize Hexcel as a preferred supplier. Through this partnership, we are shaping the future of the aerospace industry." Hexcel has been a longstanding provider of a range of advanced composite materials to Embraer, including prepregs, engineered core, and advanced structures. These materials are used in various Embraer aircraft platforms, such as the C-390 military transport, the E-Jet E2 family of narrowbody regional aircraft, and the Phenom 300 business jet. Hexcel's history with Embraer is marked by numerous achievements, including the recent recognition as Supplier of the Year in the Standards & Materials Category. This award is a testament to Hexcel's dedication to delivering high-quality materials and exceptional service. As both companies celebrated 50 years of collaboration, they reaffirmed their commitment to advancing aerospace technology and creating a sustainable future for the industry through future development and demonstration programs. 'We have had fantastic record of collaboration and excellence over the last 50 years,' concluded Gentile . 'Hexcel's vertically integrated supply chain, global manufacturing expertise, and world-class composites technologies have enhanced the performance and reliability of Embraer's aircraft, and our commitment is to help Embraer advance the future of aviation for the next 50 years and beyond.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Yahoo
20-05-2025
- Automotive
- Yahoo
Milled Carbon Fiber Industry Report 2025-2034: EV Shift Spurs Surge in Milled Carbon Fiber Use for Structural and Non-Structural Components
The Global Milled Carbon Fiber Market is poised for robust growth, driven by rising demand for lightweight, high-strength materials across key industries, including automotive, aerospace, electronics, and construction. Milled carbon fiber is favored for its superior mechanical properties and resistance features. With increased adoption in carbon fiber composites for fuel-efficient vehicles, and advancements in technology, the market is set to expand significantly by 2034. Key players like Toray Industries and Hexcel Corporation are leading innovations. However, high manufacturing costs present challenges. Sustainability trends present opportunities for growth, particularly in eco-friendly sectors. Dublin, May 20, 2025 (GLOBE NEWSWIRE) -- The "Milled Carbon Fiber Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to Global Milled Carbon Fiber Market is witnessing substantial growth due to increasing demand for lightweight, high-strength materials in industries such as automotive, aerospace, electronics, and construction. Milled carbon fiber, made from finely milled carbon fiber material, offers enhanced mechanical properties, including high strength-to-weight ratios, corrosion resistance, and electrical conductivity, which make it an attractive material for various industrial 2025, the market will be propelled by the growing adoption of carbon fiber-based composites for lightweight and durable products. The automotive sector, in particular, is experiencing a surge in demand for carbon fiber composites due to the need for fuel-efficient and eco-friendly vehicles. The aerospace and electronics industries will also continue to leverage milled carbon fiber for structural components and conductive applications. By 2034, the market is expected to expand further, driven by technological advancements, greater material innovation, and the ongoing push toward sustainability across industries. Trend in the Milled Carbon Fiber MarketA significant trend in the milled carbon fiber market is the increasing use of carbon fiber composites in the production of electric vehicles (EVs). EV manufacturers are focusing on reducing vehicle weight to improve battery life and performance, leading to a higher demand for lightweight, durable materials such as milled carbon fiber in both structural and non-structural parts of the in the Milled Carbon Fiber MarketThe primary driver for the growth of the milled carbon fiber market is the increasing adoption of lightweight and high-strength materials across industries like automotive and aerospace. The automotive industry, especially, is pushing for reduced vehicle weight to improve fuel efficiency and reduce emissions, significantly contributing to the demand for milled carbon fiber components in vehicle in the Milled Carbon Fiber MarketDespite its advantages, the high cost of manufacturing milled carbon fiber remains a major restraint for the market. The processes involved in creating milled carbon fiber composites are energy-intensive and require advanced technology, leading to higher production costs. This can deter small and mid-sized manufacturers from adopting these materials, especially in price-sensitive in the Milled Carbon Fiber Market The growing trend toward sustainability and the development of eco-friendly materials presents a significant opportunity in the milled carbon fiber market. As industries focus on reducing their carbon footprints, the demand for carbon fiber-based composites will likely grow, especially in sectors such as construction, automotive, and energy, where materials must be lightweight yet strong. Key Players in the Milled Carbon Fiber Market Toray Industries Zoltek Hexcel Corporation Epsilon Composite Toho Tenax SGL Carbon Mitsubishi Chemical Corporation Nippon Graphite Fiber Corporation Formosa Plastics Corporation Cytec Solvay Group Key Topics Covered:1. Markets: Industry Outlook1.1 Trends: Current and Future Impact Assessment1.2 Stakeholder Analysis1.2.1 Use Case1.2.2 End User and Buying Criteria1.3 Market Dynamics Overview1.3.1 Market Drivers1.3.2 Market Restraints1.3.3 Market Opportunities1.4 Regulatory & Policy Impact Analysis1.5 Patent Analysis1.6 Start-Up Landscape1.7 Investment Landscape and R&D Trends1.8 Future Outlook and Market Roadmap1.9 Supply Chain Analysis1.10 Value Chain Analysis1.11 Global Pricing Analysis1.12 Industry Attractiveness2. Milled Carbon Fiber Market (By Application)2.1 Application Segmentation2.2 Application Summary2.3 Milled Carbon Fiber Market (by Application)2.3.1 Automotive2.3.2 Aerospace2.3.3 Electronics2.3.4 Construction2.3.5 Others2.4 Milled Carbon Fiber Market (by End-User)2.4.1 OEMs2.4.2 Aftermarket3. Milled Carbon Fiber Market (by Product)3.1 Product Segmentation3.2 Product Summary3.3 Milled Carbon Fiber Market (by Type)3.3.1 PAN-Based3.3.2 Pitch-Based4. Milled Carbon Fiber Market (by region)4.1 Milled Carbon Fiber Market (by Region)4.2 North America4.2.1 Regional Overview4.2.2 Driving Factors for Market Growth4.2.3 Factors Challenging the Market4.2.4 Key Companies4.2.5 Application4.2.6 Product4.2.7 U.S.4.2.7.1 Market by Application4.2.7.2 Market by Product4.2.8 Canada4.2.9 Mexico4.3 Europe4.4 Asia-Pacific4.5 Rest-of-the-World5. Markets - Competitive Benchmarking & Company Profiles5.1 Next Frontiers5.2 Geographic Assessment5.3 Company Profiles5.3.1 Overview5.3.2 Top Products/Product Portfolio5.3.3 Top Competitors5.3.4 Target Customers5.3.5 Key Personnel5.3.6 Analyst View5.3.7 Market Share6. Research Methodology For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. 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