Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

HEXCEL CORP /DE/ Earnings Release 2010

Jan 27, 2010

31031_rns_2010-01-27_750d08bd-6fde-4e4f-ba61-c525c09424a6.zip

Earnings Release

Open in viewer

Opens in your device viewer

*UNITED STATES*

*SECURITIES AND EXCHANGE COMMISSION*

*Washington, D.C. 20549*

*FORM 8-K*

*CURRENT REPORT*

*Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934*

| January 27,
2010 | (January 27,
2010) |
| --- | --- |
| Date of report | (Date of earliest event reported) |

*Hexcel Corporation*

(Exact Name of Registrant as Specified in Charter)

Delaware 1-8472 94-1109521
(State of
Incorporation) (Commission File
No.) (IRS Employer
Identification No.)

*Two Stamford Plaza*

*281 Tresser Boulevard*

*Stamford, Connecticut 06901-3238*

(Address of Principal Executive Offices and Zip Code)

*(203) 969-0666*

(Registrant’s telephone number, including area code)

*N/A*

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written Communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SEQ.=1,FOLIO='',FILE='C:\JMS\105692\10-2129-1\task3891250\2129-1-ba.htm',USER='105692',CD='Jan 27 23:07 2010'

Section 2 — Financial Information

Item 2.02 Results of Operations and Financial Condition

On January 27, 2010, Hexcel Corporation, a Delaware corporation (the “Company”), issued a press release in which the Company announced its financial results for its fiscal quarter and year ended December 31, 2009. A copy of this earnings press release is being furnished as Exhibit 99.1 and is incorporated herein by reference.

Section 7 — Regulation FD

Item 7.01 Regulation FD Disclosure

The information contained in Item 2.02 of this report is incorporated by reference into this Item 7.01.

Section 8 — Other Events

Item 8.01 Other Events

On January 27, 2010, the Company posted to its website a table which summarizes net sales by product group and market segment for the quarters ended December 31, 2009 and 2008, the quarter ended September 30, 2009 and the years ended December 31, 2009 and 2008. A copy of this information is being furnished as Exhibit 99.2 and is incorporated herein by reference.

Section 9 — Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The Company originally filed its Credit Agreement, Security Agreement and Subsidiary Guaranty as exhibits to a Current Report on Form 8-K dated May 22, 2009. The Company is re-filing these documents as exhibits to this Current Report on Form 8-K in order to include all exhibits, schedules and other attachments to such documents.

99.1 Press Release issued by the Company on January 27, 2010.

99.2 Net sales by product group and market segment for the quarters ended December 31, 2009 and 2008, the quarter ended September 30, 2009 and the years ended December 31, 2009 and 2008.

99.3 Credit Agreement, dated as of May 21, 2009, entered into by and among Hexcel Corporation, the financial institutions from time to time party thereto, Banc of America Securities LLC, as syndication agent for the lenders, as a joint book manager and as a joint lead arranger, Deutsche Bank Securities Inc., as a joint book manager and as a joint lead arranger, HSBC Bank USA, National Association, as a documentation agent, RBS Citizens, N.A., as a documentation agent, Toronto Dominion (New York) LLC, as a

2

SEQ.=1,FOLIO='2',FILE='C:\JMS\105692\10-2129-1\task3891250\2129-1-ba.htm',USER='105692',CD='Jan 27 23:07 2010'

documentation agent, and Deutsche Bank Trust Company Americas, as administrative agent for the lenders.

99.4 Security Agreement, dated as of May 21, 2009, by and among Hexcel Corporation, each of the direct and indirect subsidiaries of Hexcel Corporation listed on the signature pages thereto, and each additional grantor that may become a party thereto after the date thereof in accordance with Section 21 thereof, and Deutsche Bank Trust Company Americas, as administrative agent for and representative of the lenders.

99.5 Subsidiary Guaranty, dated as of May 21, 2009, by the parties listed on the signature pages thereto in favor of and for the benefit of Deutsche Bank Trust Company Americas, as agent for and representative of the financial institutions party to the Credit Agreement referred to therein and any Swap Counterparties (as defined therein).

3

SEQ.=1,FOLIO='3',FILE='C:\JMS\105692\10-2129-1\task3891250\2129-1-ba.htm',USER='105692',CD='Jan 27 23:07 2010'

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

January 27, 2010
/s/ Kimberly Hendricks
Kimberly
Hendricks
Vice President,
Controller & Chief Accounting Officer

4

SEQ.=1,FOLIO='4',FILE='C:\JMS\105692\10-2129-1\task3891250\2129-1-ba.htm',USER='105692',CD='Jan 27 23:07 2010'

Exhibit Index

Exhibit No. Description
99.1 Press Release issued by
the Company on January 27, 2010.
99.2 Net sales by product
group and market segment for the quarters ended December 31, 2009 and
2008, the quarter ended September 30, 2009 and the years ended
December 31, 2009 and 2008.
99.3 Credit
Agreement, dated as of May 21, 2009, entered into by and among Hexcel
Corporation, the financial institutions from time to time party thereto, Banc
of America Securities LLC, as syndication agent for the lenders, as a joint
book manager and as a joint lead arranger, Deutsche Bank Securities Inc., as
a joint book manager and as a joint lead arranger, HSBC Bank USA, National
Association, as a documentation agent, RBS Citizens, N.A., as a documentation
agent, Toronto Dominion (New York) LLC, as a documentation agent, and
Deutsche Bank Trust Company Americas, as administrative agent for the
lenders.
99.4 Security Agreement, dated as of May 21,
2009, by and among Hexcel Corporation, each of the direct and indirect subsidiaries of Hexcel Corporation listed on
the signature pages thereto, and each additional grantor that may become a party thereto after the
date thereof in accordance with Section 21 thereof, and Deutsche Bank
Trust Company Americas, as administrative
agent for and representative of the lenders.
99.5 Subsidiary Guaranty, dated as of May 21,
2009, by the parties listed on the signature pages thereto in favor of
and for the benefit of Deutsche Bank Trust Company Americas, as agent for and
representative of the financial institutions party to the Credit Agreement
referred to therein and any Swap Counterparties (as defined therein).

5

SEQ.=1,FOLIO='5',FILE='C:\JMS\105692\10-2129-1\task3891250\2129-1-ba.htm',USER='105692',CD='Jan 27 23:07 2010'