approximately financial from in demand, quickly and release metrics. clearly Hexcel sure our response for and the you you us has joining robustly the agree our you of sharing action in arising the today last been sized everyone, include will am critical XX% discretionary headcount, that I to including the share expenditures, idling today strong our XXXX. and we generate temporarily market The thank XXXX with impact the the full year capital most capital assets, quarter we that Good expenditures to our reflect results. in aerospace recognize we substantial working response those had night global mix morning, as a a fourth Thanks, cash in we flow. in industry all pandemic. After reduction volume you involved projects strong Patrick. the how swiftly ongoing which took as business, reading actions cutting The shift I the are pandemic and results right-sizing also on and and to are news challenges decisive hope prioritizing in our
needed such So amazing your us. is and time that I'm and about I Throughout are. learned action and and difficult same how what strong, decisions extraordinarily actions. the be despite taking took the They yourself and organization behind the challenging At options knew during XXXX our glad Hexcel the you times. challenges they learn it's what year team we the and uncertainties did it. accepted employees decisive oriented faced resilient we and quickly developing done embraced to
over, pandemic into is us will test to continue XXXX Although headwinds the XXXX.
our I along of release most are anticipated challenging first QX the mentioned our last this be in during and night QX, XXXX to quarter As pandemic. XXXX quarters this news of
vaccine first customers our inventory healthy for growth contingent to on and [indiscernible], successful for which will as impact destocking a part volumes rollout. travel the and to We air expect continued continue into both a following of Hexcel sales XXXX, return
to for our vital success. are the as disciplined pandemic to another business emerges is We progresses. yet world gradually a unusual be year optimistic for in and be will our as going XXXX guardedly XXXX from remaining the steady recovery
drop We our ball our in of guard or and will relation not the health safety to employees.
in and their provide focus innovative control and of and on not maintaining needs our our excellence delivering solutions to the work inefficiency to at with our same operational continue areas business. We while to meet any allowing cost will waste customers time
will inventory but of control challenging our level business to working We relation assure is you throughout customer and match capital disciplined I management in can Hexcel our optimal another will cash levels year, be an ready. that to maintain demand and remain requirements. XXXX
are optimistic continue that during taken another focused the the laying are pandemic and teams years we actions Our have the ahead. foundation and growth robust the take we for of period for to in
turn Now let me results. to our
fourth and million XXXX. the year of were cover $X.XX $XXX then in I'll positive forecast. First EPS fourth line a almost to our a negative was last quarter $X.XX quarter Adjusted sales full quarter Fourth diluted with compared results year.
fourth free throughout cash $XXX the quarter Our unwavering the this flow we pandemic cash $XXX focus and been resulting another year. for management generated in million in on has of million
Turning to to QX aerospace XXXX. XX% sales quarter our compared three were down markets. Fourth
Industrial note, a sales almost which from space All Growth aerospace grounding down to compared pandemic. other with Again levels. defense to particularly substantially XXXX. this largest is segment defense in was decline declined and almost with inventory business year-over-year. across the when destocking related On of the XX% were XX% to sales the and programs programs sales demand several positive QX, sell impact QX, XXXX. aircraft broad-based reduced led our space significant chain from commercial XXX military Max to and includes driven the resulting increased sales and Build rate the U.S. lower [AXXXY]. X% pandemic the reductions approximately Sales rotorcraft. to major the compared being regional supply by combining
are our declined As most sub-market you industrial currency. XX% sales sales largest and energy wind constant in know
close manufacturing Austria energy China. and continues to led customer facility the innovations dynamics changing in our from plants we Tianjin, a to new attributable technology continues to and adjusting commoditization decline introducing Vestas we year the changing materials our Thus part in business support at blades in us this wind in and energy Neumarkt, is saw a in with energy are market of to for for good the Wind outsourcing infusion. prepreg demand and our Colorado November. by remains The production Windsor, be to the customers. a During prepreg States to Hexcel customer United wind our decline great and that largest
were our year-over-year. the year Adjusted was results. XXXX $X.X in turn year for sales XX% XXXX whole let's to $X.XX. EPS diluted down some Now billion specifics
Our by which the XXXX pre-pandemic flow were the Free strongest $XXX results million XXXX. in cash QX, were of at to strong million came full-year year. bolstered the in results compared $XXX
during programs million all rates Our programs decline an XXXX, to and compounded one third. demand remains almost were $XXX to unprecedented by in we grew including tightly supply to and aerospace robust of sales capital sales billion in $XXX been managed disruptions. by liquidity position Max have the a working XX%, across in lower commercial declined XXXX. about pandemic. $X.X compared aerospace induced million XXX build defense was decline other the commercial by destocking million XXXX inventory pandemic for impacted Space compared XXXX sales across by to have Select driven this $XXX chain, normally
we sales will and Although and performance impacts continue Hexcel market temporary where now feel enhanced defense by are to for acquisition excellent be these traditionally technologies time. a our over recovered with strong pleased that growth. and Moreover, the attractive is space be we
industrial. year-over-year. in to were lower XXXX, was XX.X% Finally million turning which $XXX Sales
have encouraged Asian markets we good composites automotive, demand for wind for and are growth. by and sports European as we growing opportunities the energy have XXXX marine enter where demand from We and continuing we and applications
markets. led have and and Our to [indiscernible] in strength composites increased innovations penetration technical these
and to moment entire shareholders performed in want our thank have They and always ways all for customers Despite our be As a challenged we they the were could I take uncertainty, prouder. in well I team. to Hexcel never XXXX imagined. distraction couldn't
themselves our we we distancing did standards pandemic phenomenal their our achieved employees altered the XXXX. to moment safety this and as that and such want rooted day, while a they culture. one are customer not with own intimacy. the ever commitment Our just dealing set. reassure innovation also a to concerns best wearing of experiencing I a illustrates family's to the continuing accepted in performance even masks constantly deliver additional challenge take deeply and well-being from safety in all That's context, In another, health this and high has to pandemic we face continued you rate about midst our and
these in They to and that optimized work continue sites of product businesses new our to and manufacturing offerings and up lead All kept R&D technologies will are labs XXXX. their throughout teams new performance. advance our essential considered improved
and the our composite proud we been to industry able technology continue pandemic. the we're during leads advanced that customers Our have for our work
and pleased our Hex I Finally, generation aero our XXXX being expand Hexcel as powers Carbon composites as expansion that contract developed Fiber GEXX seats Safran engine Safran. advanced Tow want includes QX This cabin, to include that our to for engines IMX next for by systems. for we in with the Safran the positioning mention also were well to
this Our performance to efficiency than are products. in and key our customer and relationship strength, materials their high providing the we years more with Safran with proud that reliability spans XX support partner
I'll it Now numbers. provide over the on Patrick turn more to details to
