Hexcel Corporation Declares $0.18 Quarterly Dividend
Hexcel Corporation (NYSE: HXL), a global leader in advanced lightweight composites technology, declared a quarterly cash dividend of $0.18 per share. The dividend is payable to shareholders of record on May 4, 2026.
Hexcel Corporation (NYSE: HXL), a global leader in advanced lightweight composites technology, declared a quarterly cash dividend of $0.18 per share. The dividend is payable to shareholders of record on May 4, 2026, with payment scheduled for May 11, 2026. Read more dividend announcements.
The Board of Directors approved the dividend as part of the company's regular quarterly distribution program.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.18 |
| Record Date | May 4, 2026 |
| Payment Date | May 11, 2026 |
| Type | Quarterly Cash |
First Quarter 2026 Financial Performance
Hexcel reported net cash provided by operating activities of $19.0 million in the first quarter of 2026, a sharp improvement from a cash use of $28.5 million in the same period last year. Working capital consumed $63.1 million in the quarter, down from $97.7 million a year earlier.
Capital expenditures on a cash basis totaled $25.2 million, compared to $26.1 million in the first quarter of 2025. Free cash flow was negative $6.2 million, an improvement from negative $54.6 million in the prior-year quarter.
The company did not repurchase any shares during the first quarter of 2026. As of March 31, 2026, $380.6 million remained available under the share repurchase program.
Credit Facility Refinancing
On March 31, 2026, Hexcel entered into a $750 million senior unsecured revolving credit facility maturing in 2031. The new facility refinanced and terminated the company's prior $750 million revolving facility that was scheduled to mature in 2028.
2026 Guidance
Hexcel maintained its full-year 2026 guidance. The company expects sales of $2.0 billion to $2.1 billion and adjusted diluted earnings per share of $2.10 to $2.30.
Free cash flow is projected to exceed $195 million, with capital expenditures expected to be less than $100 million for the full year.