Hexcel Corp Q3 2024 10-Q Filed
Ticker: HXL · Form: 10-Q · Filed: Oct 21, 2024 · CIK: 717605
| Field | Detail |
|---|---|
| Company | Hexcel CORP /De/ (HXL) |
| Form Type | 10-Q |
| Filed Date | Oct 21, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, aerospace
TL;DR
Hexcel's Q3 2024 10-Q is in. Check financials for latest performance.
AI Summary
Hexcel Corporation filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial figures and business segments are presented, providing insight into the company's current standing and future outlook.
Why It Matters
This filing provides investors and analysts with the latest financial data for Hexcel Corporation, crucial for understanding the company's performance in the advanced materials sector.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures, but the inherent risks of the aerospace and defense industry, where Hexcel operates, contribute to a medium risk level.
Key Numbers
- 20240930 — Period End Date (Financial reporting period)
- 20241021 — Filing Date (Date the report was submitted)
Key Players & Entities
- HEXCEL CORP /DE/ (company) — Filer
- 0000717605 (company) — Central Index Key
- 20240930 (date) — Period of Report
- 20241021 (date) — Filing Date
- STAMFORD (location) — Business Address City
- CT (location) — Business Address State
- 06901 (location) — Business Address Zip
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the period ending September 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20241021.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0000717605.
Where is Hexcel Corporation's business address located?
Hexcel Corporation's business address is in Stamford, CT, with a zip code of 06901.
What is the Standard Industrial Classification (SIC) code for Hexcel Corporation?
The SIC code for Hexcel Corporation is 2821, which corresponds to PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS.
Filing Stats: 4,636 words · 19 min read · ~15 pages · Grade level 6.4 · Accepted 2024-10-21 16:35:22
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 HXL New York Stock Exchange Indic
Filing Documents
- hxl-20240930.htm (10-Q) — 2370KB
- hxl-ex31_1.htm (EX-31.1) — 14KB
- hxl-ex31_2.htm (EX-31.2) — 14KB
- hxl-ex32.htm (EX-32) — 15KB
- img130930807_0.jpg (GRAPHIC) — 4KB
- 0000950170-24-115969.txt ( ) — 10023KB
- hxl-20240930.xsd (EX-101.SCH) — 1209KB
- hxl-20240930_htm.xml (XML) — 2132KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 18 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 24 ITEM 4.
Controls and Procedures
Controls and Procedures 24 PART II. OTHER INFORMATION 24 ITEM 1.
Legal Proceedings
Legal Proceedings 24 ITEM 1A.
Risk Factors
Risk Factors 24 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 ITEM 6. Exhibits 26 SIGNATURE 27 2
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
Condensed Consolidated F inanc ial Statements
ITEM 1. Condensed Consolidated F inanc ial Statements Hexcel Corporation and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) September 30, December 31, (In millions) 2024 2023 Assets Current assets: Cash and cash equivalents $ 98.2 $ 227.0 Accounts receivable, net 258.6 234.7 Inventories, net 376.0 334.4 Contract assets 35.5 25.1 Prepaid expenses and other current assets 59.7 43.0 Total current assets 828.0 864.2 Property, plant and equipment 3,270.5 3,195.5 Less accumulated depreciation ( 1,612.9 ) ( 1,516.8 ) Net property, plant and equipment 1,657.6 1,678.7 Goodwill and other intangible assets, net 247.7 251.3 Investments in affiliated companies 5.0 5.0 Other assets 124.0 119.3 Total assets $ 2,862.3 $ 2,918.5 Liabilities and Stockholders' Equity Current liabilities: Short-term borrowings $ 0.1 $ 0.1 Accounts payable 124.2 159.1 Accrued compensation and benefits 95.6 75.7 Financial instruments 0.4 6.0 Accrued liabilities 79.7 75.0 Total current liabilities 300.0 315.9 Long-term debt 805.1 699.4 Retirement obligations 32.7 42.6 Deferred income taxes 106.4 110.6 Other non-current liabilities 28.6 33.5 Total liabilities 1,272.8 1,202.0 Stockholders' equity: Common stock, $ 0.01 par value, 200.0 shares authorized, 111.5 shares and 110.8 shares issued at September 30, 2024 and December 31, 2023, respectively 1.1 1.1 Additional paid-in capital 964.1 936.8 Retained earnings 2,257.8 2,168.7 Accumulated other comprehensive loss ( 53.9 ) ( 74.1 ) 3,169.1 3,032.5 Less – Treasury stock, at cost, 30.5 shares at September 30, 2024 and 26.7 shares at December 31, 2023 ( 1,579.6 ) ( 1,316.0 ) Total stockholders' equity 1,589.5 1,716.5 Total liabilities and stockholders' equity $ 2,862.3 $ 2,918.5 The accompanying notes are