Every material Form 8-K Hexcel filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hexcel said Chief Financial Officer Patrick Winterlich will leave effective November 30, 2025, to pursue another professional opportunity. The board named Michael C. Lenz, former FedEx chief financial officer, as Executive Vice President and Interim Chief Financial Officer, and the company continues to search for a permanent successor.
Winterlich's resignation is effective November 30, 2025.
Lenz joins Hexcel on November 19, 2025, and will serve as principal financial officer on a temporary basis.
Lenz will receive a base salary of $65,000 per month for a minimum of three months, with a cash bonus target of 85% of base salary.
Lenz was Executive Vice President and Chief Financial Officer of FedEx Corp. from September 2020 through July 31, 2023.
Hexcel Corporation disclosed that Lead Director Jeffrey C. Campbell told the board on November 10, 2025 that he will not stand for reelection at the 2026 Annual Meeting of Stockholders. The filing states his decision was not the result of any dispute or disagreement with the company over its operations, policies or practices.
Jeffrey C. Campbell informed the board on November 10, 2025 of his intention not to stand for reelection at the 2026 Annual Meeting.
Campbell joined the board in 2003 and has served as Lead Director since 2018.
He also serves on the Audit Committee and the Nominating, Governance and Sustainability Committee.
The filing states the decision was not due to any disagreement with the company on operations, policies or practices.
Hexcel entered into accelerated share repurchase agreements with Bank of America and Goldman Sachs to buy back $350 million of its common stock, funded by borrowing under its $750 million revolving credit facility. The Board also approved an additional $600 million repurchase authorization, leaving approximately $384 million remaining across its share repurchase programs after the ASR.
Company will pay $350 million to the counterparties on October 24, 2025, and receive initial share deliveries of about 80% of the expected total shares
Final settlement is scheduled no later than the first quarter of 2026, and the final share count depends on average daily VWAP less a discount
Company notified lenders on October 21, 2025 to borrow $350 million under its revolver to fund the initial settlement
Approximately $384 million remains under the share repurchase programs after giving effect to the ASR
Hexcel reported third-quarter 2025 net sales of $456 million, roughly flat from $457 million a year earlier, while adjusted diluted EPS fell to $0.37 from $0.47. The company lowered its 2025 adjusted EPS guidance to $1.70 to $1.80 from $1.85 to $2.05, citing tariffs, and said it expects sales at the bottom end of its guidance. It also announced a $350 million accelerated share repurchase under a new $600 million authorization.
Q3 2025 net sales were $456.2 million versus $456.5 million; Commercial Aerospace fell 7.3% to $274.2 million while Defense, Space & Other rose 13.3% to $182.0 million.
2025 adjusted diluted EPS guidance cut to $1.70 to $1.80 from $1.85 to $2.05; sales guidance of around $1.88 billion versus the prior $1.88 billion to $1.95 billion.
$350 million accelerated share repurchase; about $384 million of authorization remains after the ASR.
Quarterly dividend of $0.17 per share, payable November 10, 2025 to holders of record as of November 3, 2025.
Hexcel said its Chief Financial Officer, Patrick Winterlich, informed the company on October 20, 2025 that he will resign effective November 30, 2025, to pursue another professional opportunity. The filing states the resignation was not due to any disagreement with the company on operations, policies, or practices, and the board has started a search for a replacement.
CFO Patrick Winterlich gave notice on October 20, 2025 of his resignation.
Resignation takes effect November 30, 2025.
Filing states no disagreement with the company led to the departure.
Hexcel reported second quarter 2025 net sales of $490 million, down 2.1% from $500 million a year earlier, and adjusted diluted EPS of $0.50 versus $0.60. GAAP diluted EPS was $0.17, which included a $24.2 million restructuring charge tied to the closure of its Welkenraedt, Belgium facility. The company left full-year 2025 guidance unchanged, so shareholders are seeing lower quarterly profit without a change to the company's annual forecast.
Net sales were $490 million versus $500 million, down 2.1% (2.9% in constant currency).
GAAP diluted EPS was $0.17 versus $0.60; adjusted diluted EPS was $0.50 versus $0.60.
Gross margin was 22.8% versus 25.3%, and operating income was $30.0 million versus $71.8 million.
2025 guidance was unchanged: sales of $1.88 billion to $1.95 billion and adjusted diluted EPS of $1.85 to $2.05, excluding tariff impact.
Hexcel said President of Aerospace EMEA/AP & Industrial Thierry Merlot plans to retire in 2026 and will move to Executive Vice President – Strategy on or about September 29, 2025. The company said a successor is expected to be in place on or about that date as part of its ongoing succession planning.
Thierry Merlot notified the Board on July 7, 2025 of his intention to retire in 2026
Merlot moves from President, Aerospace – EMEA/AP & Industrial to Executive Vice President – Strategy on or about September 29, 2025
A successor is expected to be in place on or about September 29, 2025
Hexcel reported first-quarter 2025 sales of $457 million, down 3.3% from a year earlier, and GAAP diluted EPS of $0.35 versus $0.43. The company lowered its full-year 2025 guidance for sales, adjusted EPS, and free cash flow, citing supply chain delays in commercial aircraft production rate ramps, particularly on the Airbus A350. Lower guidance means shareholders should expect weaker 2025 results than previously forecast.
Q1 2025 net sales were $456.5 million, down from $472.3 million; Commercial Aerospace sales fell 6.4% to $280.1 million.
Q1 2025 adjusted diluted EPS was $0.37, versus $0.44 a year earlier; GAAP diluted EPS was $0.35, versus $0.43.
2025 sales guidance was cut to $1.88 billion to $1.95 billion from $1.95 billion to $2.05 billion.
2025 adjusted diluted EPS guidance was cut to $1.85 to $2.05 from $2.05 to $2.25; free cash flow guidance was lowered to approximately $190 million from greater than $220 million.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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