Hexcel Corp Files 2024 10-K
Ticker: HXL · Form: 10-K · Filed: Feb 5, 2025 · CIK: 717605
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
HEXCEL FILED ITS 2024 10-K. FINANCIALS ARE IN.
AI Summary
Hexcel Corporation filed its 2024 10-K on February 5, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Stamford, CT, operates in the plastics, materials, and synthetic resins sector. The filing provides a comprehensive overview of its financial position, including assets, liabilities, and equity, as well as its operational results for the year.
Why It Matters
This filing provides investors and analysts with a detailed look into Hexcel's financial health and operational performance for the past fiscal year, crucial for understanding its current market position and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently contain new, significant risk-increasing information.
Key Numbers
- 2821 — SIC Code (Standard Industrial Classification for Plastics, Materials, Synthetic Resins & Nonvulcan Elastomers)
- 001-08472 — SEC File Number (Hexcel's SEC File Number)
Key Players & Entities
- HEXCEL CORP /DE/ (company) — Filer
- 0000717605 (company) — Central Index Key
- Stamford, CT (location) — Business and Mail Address
- 203-969-0666 (phone_number) — Business Phone
- 20241231 (date) — Fiscal Year End
- 20250205 (date) — Filing Date
FAQ
What is Hexcel Corporation's primary business classification according to its SIC code?
Hexcel Corporation's primary business classification is SIC code 2821, which covers Plastics, Materials, Synthetic Resins & Nonvulcan Elastomers.
When did Hexcel Corporation file its 2024 10-K report?
Hexcel Corporation filed its 2024 10-K report on February 5, 2025.
What is Hexcel Corporation's fiscal year end date?
Hexcel Corporation's fiscal year end date is December 31.
Where is Hexcel Corporation's principal business address located?
Hexcel Corporation's principal business address is located in Stamford, CT.
What is Hexcel Corporation's SEC file number?
Hexcel Corporation's SEC file number is 001-08472.
Filing Stats: 4,251 words · 17 min read · ~14 pages · Grade level 17.2 · Accepted 2025-02-05 15:45:35
Key Financial Figures
- $0.01 — ch registered COMMON STOCK, par value $0.01 HXL New York Stock Exchange Secur
- $1.531 — s segment to third-party customers were $1.531.0 million in 2024, $1,474.2 million in
- $1,474.2 million — ustomers were $1.531.0 million in 2024, $1,474.2 million in 2023, and $1,279.7 million in 2022,
- $1,279.7 million — in 2024, $1,474.2 million in 2023, and $1,279.7 million in 2022, which represented about 80% of
- $372.0 million — s segment to third-party customers were $372.0 million in 2024, $314.8 million in 2023, and $2
- $314.8 million — customers were $372.0 million in 2024, $314.8 million in 2023, and $298.0 million in 2022, wh
- $298.0 million — on in 2024, $314.8 million in 2023, and $298.0 million in 2022, which represented approximatel
Filing Documents
- hxl-20241231.htm (10-K) — 5287KB
- hxl-ex10_15.htm (EX-10.15) — 89KB
- hxl-ex10_16.htm (EX-10.16) — 147KB
- hxl-ex10_17.htm (EX-10.17) — 96KB
- hxl-ex10_18.htm (EX-10.18) — 121KB
- hxl-ex10_19.htm (EX-10.19) — 80KB
- hxl-ex10_20.htm (EX-10.20) — 142KB
- hxl-ex19.htm (EX-19) — 90KB
- hxl-ex21.htm (EX-21) — 34KB
- hxl-ex23_1.htm (EX-23.1) — 23KB
- hxl-ex31_1.htm (EX-31.1) — 14KB
- hxl-ex31_2.htm (EX-31.2) — 14KB
- hxl-ex32.htm (EX-32) — 15KB
- img130953872_0.jpg (GRAPHIC) — 10KB
- 0000950170-25-014412.txt ( ) — 25649KB
- hxl-20241231.xsd (EX-101.SCH) — 2501KB
- hxl-20241231_htm.xml (XML) — 6546KB
Business
Business 3 Item 1A:
Risk Factors
Risk Factors 13 Item 1B: Unresolved Staff Comments 22 Item 1C: Cybersecurity 22 Item 2:
Properties
Properties 24 Item 3:
Legal Proceedings
Legal Proceedings 24 Item 4: Mine Safety Disclosures 24 Part II Item 5: Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 25 Item 6: [Reserved] 25 Item 7:
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 7A:
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 25 Item 8:
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 25 Item 9: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 25 Item 9A:
Controls and Procedures
Controls and Procedures 25 Item 9B: Other Information 26 Item 9C: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 26 Part III Item 10: Directors, Executive Officers and Corporate Governance 26 Item 11:
Executive Compensation
Executive Compensation 26 Item 12:
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 26 Item 13: Certain Relationships and Related Transactions and Director Independence 26 Item 14: Principal Accountant Fees and Services 26 Part IV Item 15: Exhibits and Financial Statement Schedules 27 Item 16: 10-K Summary 30
Signatures
Signatures 31 2 PA RT I
Bu siness
ITEM 1. Bu siness. General Hexcel Corporation and its subsidiaries (herein referred to as "Hexcel", "the Company", "we", "us", or "our"), is a global leader in advanced lightweight composites technology. We propel the future of flight and transportation through excellence in advanced material lightweighting solutions that create a better world for us all. Our broad product range includes carbon fiber, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core and composite structures for use in commercial aerospace, space and defense, and industrial applications. We are a manufacturer of products within a single industry: Advanced Composites. We have two reportable segments: Composite Materials and Engineered Products. The Composite Materials segment is comprised of our carbon fiber, specialty reinforcements, resin systems, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles. The Engineered Products segment is comprised of lightweight high strength composite structures, radio frequency/electromagnetic interference ("RF/EMI") and microwave absorbing materials, engineered core and specialty machined honeycomb products with added functionality and thermoplastic additive manufacturing. We serve international markets through manufacturing facilities, sales offices and representatives located in the Americas, Europe, Asia Pacific, India, and Africa. We continue to monitor developments in ongoing geopolitical issues and conflicts globally. Although we are not experiencing direct material adverse effects upon our business, the global implications of geopolitical issues and conflicts which include increased inflation, volatile energy costs, constrained raw material availability and transportation, and thus increasing costs, as well as aircraft flight restrictions are impacting the global economy and the aerospace industry in particular. The following