---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034075"
form_type: "8-K"
ticker: "HXL"
cik: "0000717605"
company_name: "HEXCEL CORP /DE/"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:35:27.997028+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hexcel Q2 sales $454.3M (+15.6% YoY); adj EPS $0.50; FY guidance raised

## Summary
- Q2 2023 sales $454.3M (+15.6% YoY); GAAP EPS $0.50 vs $0.53; adjusted EPS $0.50 vs $0.33.
- Commercial Aerospace sales +16.1%; Space & Defense +22.9%; Industrial -1.9%.
- FY 2023 guidance raised: sales $1.765B-$1.835B, adj EPS $1.80-$1.94 (prev. $1.70-$1.90).
- Free cash flow guidance lowered to >$110M (prev. >$140M) due to $38M Massachusetts facility purchase.
- Board declared quarterly dividend of $0.125/share, payable Aug 11, 2023.

## SEC filing metadata
- accession: 0000950170-23-034075
- form_type: 8-K
- ticker: HXL
- cik: 0000717605
- company_name: HEXCEL CORP /DE/
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717605/000095017023034075/0000950170-23-034075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717605/000095017023034075/hxl-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034075
- JSON: https://secwatch.observer/filing/0000950170-23-034075.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034075.txt

## Key facts
- Earnings Releases
  HEXCEL CORP /DE/ reported fiscal quarter ended June 30, 2023 results: revenue $ 454.3, net income 42.5, EPS $ 0.50. Guidance raised.
  - Period: fiscal quarter ended June 30, 2023
  - Revenue: $ 454.3
  - Net income: 42.5
  - EPS: $ 0.50
  - Guidance: raised
  - Result: reported results
  source text: Summary of Results from Operations Quarters Ended Six Months Ended June 30, June 30, (In millions, except per share data) 2023 2022 % Change 2023 2022 % Change Net Sales $ 454.3 $ 393.0 15.6 % $ 912.0 $ 783.6 16.4 % Net sales change in constant currency 14.7 % 16.4 % Operating Income 61.3 63.8 (3.9)% 124.1 93.9 32.2 % Net Income 42.5 44.7 (4.9)% 85.2 62.5 36.3 % Diluted net income per common share $ 0.50 $ 0.53 (5.7)% $ 1.00 $ 0.74 35.9 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/717605/000095017023034075/0000950170-23-034075-index.htm
- Earnings Releases
  HEXCEL CORP /DE/ reported fiscal year 2023 results: revenue $1.765 billion to $1.835 billion, EPS $1.80 to $1.94. Guidance raised.
  - Period: fiscal year 2023
  - Revenue: $1.765 billion to $1.835 billion
  - EPS: $1.80 to $1.94
  - Guidance: raised
  - Result: guidance update
  source text: FY 2023 sales guidance revised to $1.765 billion to $1.835 billion, previously $1.725 billion to $1.825 billion. Adjusted EPS revised to $1.80 to $1.94, previously $1.70 to $1.90.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717605/000095017023034075/0000950170-23-034075-index.htm
- Earnings Releases
  HEXCEL CORP /DE/ reported six months ended June 30, 2023 results: revenue $ 912.0, net income 85.2, EPS $ 1.00.
  - Period: six months ended June 30, 2023
  - Revenue: $ 912.0
  - Net income: 85.2
  - EPS: $ 1.00
  - Result: reported results
  source text: Summary of Results from Operations Quarters Ended Six Months Ended June 30, June 30, (In millions, except per share data) 2023 2022 % Change 2023 2022 % Change Net Sales $ 454.3 $ 393.0 15.6 % $ 912.0 $ 783.6 16.4 % Net sales change in constant currency 14.7 % 16.4 % Operating Income 61.3 63.8 (3.9)% 124.1 93.9 32.2 % Net Income 42.5 44.7 (4.9)% 85.2 62.5 36.3 % Diluted net income per common share $ 0.50 $ 0.53 (5.7)% $ 1.00 $ 0.74 35.9 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/717605/000095017023034075/0000950170-23-034075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.