Stamford-based Hexcel Corp. announced it has cut its 2025 profit forecast, saying new tariffs are pressuring margins, even as the aerospace materials maker moved ahead with a major share repurchase.
The supplier to Airbus and Boeing now expects adjusted 2025 earnings of $1.70 to $1.80 per share, down from an earlier range of $1.85 to $2.05. Sales are expected to come in at about $1.88 billion, the low end of previous guidance.
Hexcel said the lower outlook reflects tariff-related costs and continued inventory reductions at some large commercial aircraft programs.
Third-quarter revenue was $456 million, roughly unchanged from a year ago, while adjusted earnings slipped to $29.8 million, or 37 cents per share, from $38.3 million, or 47 cents per share. The company cited slower sales in commercial aerospace, particularly on the Airbus A350 and Boeing 787, offset by double-digit growth in its defense and space business.
At the same time, Hexcel’s board authorized an additional $600 million for future repurchases and approved a $350 million accelerated stock buyback with Bank of America and Goldman Sachs, to be largely completed by early 2026.