Filing Flows › Hexcel (HXL) › Q1 2025
Hexcel (HXL) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 21, 2025
Hexcel (HXL) reported revenue of $456M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -4% from the quarter before. Operating margin was 9.7%, net earnings $28.9M (6.3% of revenue).
Hexcel, Q1 2025: revenue $456M (-3% year over year), operating margin 9.7%, net earnings $28.9M, operating cash flow −$28.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $456M | -4% | -3% |
| Gross profit | $102M | -14% | -13% |
| Operating profit | $44.2M | +397% | -16% |
| Net earnings | $28.9M | +398% | -21% |
| Operating cash flow | −$28.5M | — | — |
What changed
Revenue was $456.5M in Q1 2025, down 3% year over year and down 4% from the previous quarter. Commercial Aerospace was the largest line at 61% of revenue. Commercial Aerospace lost $19.2M year over year (down 6%), 122% of the total change.
Gross margin was 22.4%, down 2.6 points from a year earlier. Operating profit was $44.2M, a 9.7% margin (down 1.5 points year over year). Operating expenses fell 11% while revenue fell 3%. Net earnings were $28.9M, down 21% year over year. The effective tax rate was 19.7%.
Operating cash flow was −$28.5M. Non-cash charges added back $29.8M of depreciation and amortization and $9.7M of share-based compensation. Working capital and other items used $96.9M. Capital expenditures of $26.1M exceeded it, leaving free cash flow of −$54.6M.
Questions
What was Hexcel's revenue in the first quarter 2025?
Hexcel (HXL) reported revenue of $456M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -4% from the quarter before.
Was Hexcel profitable in the first quarter 2025?
Operating profit was $44.2M (9.7% of revenue) and net earnings $28.9M.
Source: Hexcel 10-Q on SEC EDGAR.