10-Q
Quarterly report
✓ VerifiedHexcel's quarterly report shows operating income of $57.6 million, up from $44 million territory, a $350 million accelerated share repurchase underway, and a $150 million escrowed CERCLA settlement pending court approval.
Filed Apr 22, 2026 · 16:35 ET
Summary
- Net sales of $501.5 million rose 9.2% with operating income of $57.6 million, 11.5% of sales.
- Under the October 2025 $600 million repurchase plan the company entered accelerated share repurchase agreements for $350 million.
- Hexcel and 83 other parties placed a collective $150 million in escrow pending approval of the Lower Passaic River CERCLA settlement.
- The refinanced credit agreement keeps borrowing capacity at $750 million with room to add up to $500 million.
Key facts
- ASR
- $350 million
From the filing for ASR
“entered into accelerated share repurchase agreements (the "ASR") to purchase an aggregate of $ 350 million of the Company's common stock”
Why it mattersCapital is flowing back to shareholders while the environmental tail risk gets boxed in escrow.
- Filed
- Apr 22, 2026
- Accepted
- 2026-04-22 20:35Z
- Period
- Mar 31, 2026
- Accession no.
- 0001193125-26-170597
- Size
- 8.5 MB
- Index
- Filing index