赫氏 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the Quarterly Period EndedMarch 31,2025or ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from Hexcel Corporation 94-1109521(I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yesx No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Nox Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. HEXCEL CORPORATION AND SUBSIDIARIES INDEX PART I.FINANCIAL INFORMATION ITEM 1. Condensed Consolidated Financial Statements (Unaudited) •Condensed Consolidated Balance Sheets — March 31, 2025 and December 31, 2024 •Condensed Consolidated Statements of Operations — The quarters ended March 31, 2025 and 2024 •Condensed Consolidated Statements of Comprehensive Income — The quarters ended March 31, 2025 and 20244•Condensed Consolidated Statements of Cash Flows — The quarters ended March 31, 2025 and 20245 PART I. FINANCIAL INFORMATION HEXCEL CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 1 — Significant Accounting Policies In these notes, the terms “Hexcel,” “the Company,” “we,” “us,” or “our” mean Hexcel Corporation and subsidiary companies.The accompanying condensed consolidated financial statements are those of Hexcel Corporation. Refer to Note 1 to the Basis of Presentation The accompanying condensed consolidated financial statements have been prepared from the unaudited accounting records ofHexcel pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with accountingprinciples generally accepted in the United States of America (“GAAP”) for interim financial information. Certain information andfootnote disclosures normally included in financial statements have been omitted pursuant to rules and regulations of the SEC. Inthe opinion of management, the condensed consolidated financial statements include all normal recurring adjustments as well asany non-recurring adjustments necessary to present fairly the statement of financial position, results of operations, cash flows and Assets and Liabilities Held for Sale During the fourth quarter of 2024, the Company announced it was exploring strategic options for its operations in Austria andis undergoing a process to find a suitable successor for the Neumarkt plant. The products produced at our Neumarkt, Austria plantinclude those for the wind market. However, over the last several years, the wind energy market has moved away from using As of both March 31, 2025 and December 31, 2024, the assets and liabilities of the Austria operations have been classified asheld for sale. The table below presents the carrying amounts of the assets and liabilities potentially included as part of the expectedsale: Accounts receivable Total common stockequivalents of1.1millionand0.4million wereexcluded from the computation of diluted net income persharefor the three months ended March 31, 2025 and 2024, respectively, because to include would have been anti-dilutive. Note 4—Retirement and Other Postretirement Benefit Plans We maintain qualified and nonqualified defined benefit retirement plans covering certain current and former U.S. andEuropean employees, retirement savings plans covering eligible U.S. and U.K. employees and certain postretirement health careand life insurance benefit plans covering eligible U.S. retirees. We also participate in a union sponsored multi-employer pension Defined Benefit Retirement Plans Net Periodic Benefit CostsNet periodic benefit costs of our defined benefit retirement plans for the three months ended March