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News Release Hexcel Corporation , 281 Tresser Boulevard , Stamford , CT 06901 ( 203 ) 969-0666 HEXCEL REPORTS 2021 SECOND QUARTER RESULTS Q2 2021 GAAP diluted EPS of $ 0.03 and adjusted diluted EPS of $ 0.08 , compared to Q2 2020 GAAP diluted EPS of ( $ 0.01 ) and adjusted diluted EPS of $ 0.08 . Q2 2021 Sales were $ 320 million , compared to $ 379 million in Q2 2020 . Free Cash Flow YTD of $ 30 million . See Table C for reconciliation of GAAP and non - GAAP operating income ( loss ) , net income ( loss ) , earnings ( loss ) per share and operating cash flow to free cash flow . Free cash flow is cash from operations less capital expenditures . Summary of Results from Operations ( In millions , except per share data ) HEXCEL Net Sales Net sales change in constant currency Operating Income Net Income ( Loss ) Diluted net income ( loss ) per common share Non - GAAP measures for year - over - year comparison ( Table C ) Adjusted Operating Income As a % of sales Adjusted Net Income ( Loss ) Adjusted diluted net income ( loss ) per share Quarters Ended June 30 , 2021 $ 320.3 16.2 2.2 $ 0.03 2020 $ 378.7 6.4 ( 1.0 ) $ ( 0.01 ) $ 19.3 $ 19.5 6.0 % 7.1 $ 0.08 $ 5.1 % 6.4 0.08 % Change Six Months Ended June 30 , 2021 ( 15.4 ) % $ 630.6 ( 16.7 ) % 153.1 % N / M N / M 2020 $ 919.7 72.1 6.0 ( 11.8 ) 41.4 $ ( 0.14 ) $ 0.49 3.4 % ( 1.0 ) % $ 21.2 $ 99.9 10.9 % ( 1.3 ) 10.9 % 0.0 % $ ( 0.02 ) $ 60.2 0.72 % Change ( 31.4 ) % ( 32.5 ) % ( 91.7 ) % ( 128.5 ) % ( 128.6 ) % ( 78.8 ) % ( 102.2 ) % ( 102.8 ) %