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Hexcel Corporation (HXL) reported third-quarter 2025 adjusted earnings of 37 cents per share, down 21.3% from 47 cents in the same quarter last year, missing the Zacks Consensus Estimate of 38 cents by 2.6%. GAAP earnings were 26 cents, a 46.9% decline year-over-year from 49 cents. Net sales reached $456.2 million, surpassing estimates of $449 million by 1.6%, but slightly decreased from $456.5 million in the prior year.
The decline in earnings is linked to lower net sales and operating income, particularly from the Commercial Aerospace sector, which saw a 7.3% drop in sales to $274.2 million. In contrast, the Space and Defense sector experienced a sales increase of 13.3% to $182 million. As of September 30, 2025, Hexcel’s cash and cash equivalents stood at $90.5 million, down from $125.4 million at the end of 2024, and long-term debt rose to $757.9 million.
Looking ahead, Hexcel has lowered its 2025 sales forecast to around $1.88 billion, below the previous range of $1.88-$1.95 billion. The adjusted earnings per share guidance was revised to $1.70-$1.80, down from $1.85-$2.05, reflecting ongoing challenges in their markets.
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