secwatch.observer — SEC 8-K summary
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Issuer:     HEXCEL CORP /DE/ (HXL)
CIK:        0000717605
Form:       8-K
Filed at:   2021-07-26T23:59:59+00:00
Accession:  0001564590-21-037955
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hexcel Q2 sales $320M (-15% YoY), adj EPS $0.08 flat; commercial aero destocking largely behind
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- GAAP diluted EPS $0.03 (vs -$0.01 in Q2 2020); adjusted diluted EPS $0.08 (flat YoY).
- Commercial Aerospace sales $153.7M, down 24.6% YoY; destocking largely complete except widebody.
- Space & Defense sales $106.9M, down 1.4%; Industrial sales $59.7M, down 10.1% (wind energy -43.9%).
- Free cash flow YTD $29.7M; cash $115M with $543M revolver availability at June 30, 2021.
- Quarterly dividend remains suspended; share repurchases restricted; 2021 guidance withheld.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717605/000156459021037955/0001564590-21-037955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717605/000156459021037955/hxl-8k_20210726.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-037955

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer