Company news

24th Oct 2024

Hexcel Corporation’s Q3 2024 net sales rose 8.8 per cent to $457 million, driven by 17.5 per cent growth in Commercial Aerospace. Adjusted Diluted EPS increased to $0.47 from $0.38 in Q3 2023. Full-year sales are expected to range between $1.90 billion and $1.98 billion. CEO Tom Gentile highlighted strong demand in aerospace but noted ongoing...

17th Sep 2024

Hexcel Corporation has transitioned its winter sports production to the new HexPly Nature bio-derived product range, including the HexPly M78.1-LT prepregs. This shift underscores Hexcel's commitment to sustainability while maintaining high performance. The company continues to supply leading winter sports brands with advanced composites.

19th Jul 2024

Hexcel Corporation reported H1 FY24 sales of $972.7 million, a 6.7 per cent increase from FY23. Gross margin was 25.2 per cent, down from 26.2 per cent. Adjusted operating income rose to $126.1 million. Commercial aerospace sales, 64 per cent of total, grew 13 per cent. Space and defence rose 5.4 per cent. Industrial sector sales fell 24.9...

22nd May 2024

At ILA Berlin, Hexcel will present advanced lightweight composite materials, including HexTow IM9 24K fibre for enhanced production efficiency. It will feature solutions like Turkish Aerospace's Airbus aileron with HexPly prepreg, highlighting SQRTM production benefits. Additionally, Hexcel will present thermoplastic solutions co-developed with...

24th Apr 2024

American company Hexcel Corporation reported sales of $472.3 million in Q1 FY24, up from $457.7 million last year, but saw gross margin drop to 25 per cent from 27.9 per cent. The company’s operating income fell to $54.1 million, despite gains in aerospace and defense sectors. Industrial sales dropped significantly by 27.9 per cent in Q1 FY24.

11th Apr 2024

Thomas C Gentile III is appointed CEO & president of Hexcel Corporation effective May 1, succeeding Nick Stanage, who will retire at year-end but remain as executive chairman until then. Gentile brings extensive leadership experience from Spirit AeroSystems and GE. Stanage's tenure saw Hexcel's growth as a global leader in lightweight composites.

7th Mar 2024

Hexcel Corporation debuts HexTow IM9 24K carbon fibre at JEC World, boasting 12 per cent higher tensile strength than IM7. With 24,000 filaments, it offers over 6,300 MPa tensile strength, 298 GPa modulus, and 1.9 per cent strain. Targeted for aerospace applications, it promises enhanced value and productivity, being compatible with various resin...

21st Feb 2024

Hexcel will showcase aerospace, automotive, marine, and industrial solutions at JEC World 2024 in Paris, including a new carbon fibre, HexTow IM9 24K, and rapid-curing prepreg, HexPly M51. The company will exhibit aerospace parts, marine components, automotive technologies, and sustainability initiatives like skis made with bio-derived resins.

29th Jan 2024

Hexcel Corporation reported a 13.4 per cent sales increase in FY23, reaching $1,789 million. The company’s gross margin improved to 24.2 per cent, with adjusted operating income at $216.7 million in FY23. In the fourth quarter of FY23, sales were $457.5 million, with a gross margin of 22.5 per cent. Q4 adjusted operating income was $49.1 million.

27th Oct 2023

Hexcel is set to showcase its latest marine market innovations at METSTRADE 2023. These developments include new intermediate and high modulus fibre HexPly M79 prepregs, designed for highly loaded components in applications like rigs and foils. The company is also introducing HexTow HM54 fibre with HexPly M79 resin for high-stiffness applications.