By Josée Rose

Hexcel expects full-year sales to be at the bottom end of its outlook after its third-quarter profit fell.

Separately, the company said Wednesday that Chief Financial Officer Patrick Winterlich is resigning, effective Nov. 30. Winterlich is pursuing another opportunity and his resignation isn't the result of any disagreement with the company, Hexcel said. The board has initiated a search for his replacement.

Hexcel, which manufactures advanced composite materials and engineered products for aircraft, rockets and other industrial products, said third-quarter net income fell to $20.6 million, or 26 cents a share, from $39.8 million, or 49 cents a share, a year earlier. On an adjusted basis, earnings were 37 cents a share.

Sales ticked down slightly to $456.2 million as the company "experienced seasonally slower third quarter sales combined with the expected commercial aerospace destocking, particularly with the Airbus A350."

Analysts had been expecting earnings of 36 cents a share and sales of $441.9 million, according to FactSet.

Hexcel cut its 2025 earnings guidance as it expects sales to be at the bottom end of its outlook, due to "tariffs, inflation and the fourth quarter 2025 impact of some lingering destocking."

It now expects sales of around $188 billion, compared to prior guidance of $1.88 billion to $1.95 billion and adjusted earnings of $1.70 to $1.80 a share, including the impact from tariffs. The company noted that prior guidance had not included tariffs.

Looking to 2026, the company expects the supply chain to stabilize and is "increasingly confident in the outlook for commercial aerospace original equipment build rates." Hexcel said that once Airbus and Boeing hit their publicly announced peak build rates, it expects to benefit with an additional $500 million in incremental annual revenue from existing contracts.

Hexcel also said its board has authorized an additional $600 million for repurchases and that it has entered into a $350 million accelerated share repurchase as part of that authorization.

Write to Josée Rose at josee.rose@wsj.com

(END) Dow Jones Newswires

October 22, 2025 17:33 ET (21:33 GMT)

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