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 25, 2007 (January 24, 2007)
                     --------------------------------------
                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):

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

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

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

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



Section 2 - Financial Information

Item 2.02       Results of Operation and Financial Condition

     On January  24,  2007,  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, 2006.
     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  25,  2007,  the  Company  posted to its  website a table  which
     summarizes sales by business unit and market segment for the quarters ended
     December 31, 2006 and 2005, and September 30, 2006. A copy of this table 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.

        (c)     Exhibits

        99.1    Press Release issued by the Company on January 24, 2007.

        99.2    Sales by business unit and market segment for the quarters ended
                December 31, 2006 and 2005, and September 30, 2006.

                                       2


                                    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.


                                        HEXCEL CORPORATION

January 25, 2007                        By: /s/ William J. Fazio
                                            --------------------
                                            William J. Fazio
                                            Corporate Controller and
                                            Chief Accounting Officer


                                       3


                                  Exhibit Index

Exhibit No.             Description
-----------             -----------
99.1                    Press Release issued by the Company on January 24, 2007.

99.2                    Sales by business unit and market segment for the
                        quarters ended December 31, 2006 and 2005, and
                        September 30, 2006.