Core Viewpoint - Hubbell Incorporated will release its second quarter 2025 financial results on July 29, 2025, prior to market opening, followed by an Analysts' Conference Call at 10:00 AM ET to discuss the results [1]. Company Information - Hubbell Incorporated is a leading manufacturer of utility and electrical solutions, enabling customers to operate critical infrastructure safely, reliably, and efficiently [4]. - The company reported revenues of $5.6 billion for the year 2024, indicating its significant role in electrifying economies and energizing communities [4]. - The corporate headquarters is located in Shelton, CT [4]. Access to Information - The full text of the press release announcing the financial results will be available on Hubbell's corporate website under the Press Release section [2]. - Live audio of the conference call and accompanying materials will be accessible through the Events and Presentations section on the company's website [3].

Group 1 - Industrial stocks are currently receiving less attention from investors, despite the presence of strong businesses in the sector [1] - Hubbell Inc. (NYSE: HUBB) is highlighted as a company that may be overlooked by many investors [1]

Hubbell (NYSE: HUBB ) offers utility and electrical solutions to the overall utility market, including smart meters, communications systems, electrical transmission, light industrial, and wireless communications. I believe the company will benefit from some megatrends, including electrification, grid upgrades, and data center expansions. I amAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

Summary of Hubbell (HUBB) FY Conference Call - May 21, 2025 Company Overview - **Company**: Hubbell (HUBB) - **Industry**: Utility Infrastructure and Electrical Solutions Key Points and Arguments Financial Performance and Market Trends - **Order Growth**: Orders in utility infrastructure increased by double digits in Q1 2025, continuing into April, indicating a positive trend in bookings and shipping rates [5][6][11] - **Destocking Phase**: The company has moved past the destocking phase, with evidence from customer dialogues and improved order rates [8][11] - **MRO Spending**: There has been some deferral in Maintenance, Repair, and Operations (MRO) spending, but the distribution market remains healthy [14] - **Rate Case Renewals**: Many utilities have undergone rate case renewals, providing clarity and certainty, which is beneficial for the company [15] Market Segments - **Transmission vs. Distribution**: Transmission remains the strongest segment, with confidence in project-based work and lead times [18] - **Telecom Sector**: The telecom segment has seen a decline of about 30%, but there are signs of recovery in bookings, suggesting potential growth in the second half of the year [19][21] - **Electrical Solutions**: The commercial market is soft, while light and heavy industrial markets are performing well. Data centers are a significant growth driver [32][33] Margin and Pricing Strategy - **Margin Expansion**: The company aims for margin expansion despite previous margin dilution due to cost and price offsets. There is optimism for organic margin improvement moving forward [37][38] - **Capital Allocation**: The company has over $2 billion in deployable cash for acquisitions and plans to increase share repurchases, indicating a proactive approach to capital deployment [46][49] Acquisition Strategy - **M&A Pipeline**: The company is actively looking for acquisition opportunities, particularly in transmission, distribution, and data center spaces, with a focus on growth and margin enhancement [48] - **Control House Assets**: The value of control house assets is increasing due to their ability to reduce labor costs and improve project delivery times, which aligns with industry trends [51][52] Future Outlook - **Growth Projections**: The company anticipates mid-single-digit growth in utility infrastructure volumes in Q2 2025, with expectations for a stronger second half of the year [16] - **Sustainable Levels**: The company expects to maintain a durable level of performance in the communications segment, focusing on smaller customers and competitive wins [27][28] Additional Important Insights - **Operational Efficiency**: The company is working on improving operational efficiency by reducing redundancy in corporate segments, which could lead to significant margin improvements [40][41] - **Customer Engagement**: Positive customer dialogues and competitive wins in smaller projects are seen as indicators of future growth potential [28][52] This summary encapsulates the key insights from the Hubbell FY Conference Call, highlighting the company's performance, market trends, strategic initiatives, and future outlook.

iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.There is value to be had in checking out underfollowed stocks that have been beaten down in price for one reason or another. That’s why it’s important to sep ...

[PART I FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) This section presents the unaudited condensed consolidated financial statements, management's discussion, and key disclosures for Q1 2025 [Financial Statements](index=3&type=section&id=ITEM%201%20Financial%20Statements) This section presents Hubbell's unaudited condensed consolidated financial statements for Q1 2025, including income, balance sheets, cash flows, and notes [Condensed Consolidated Statements of Income](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Hubbell reported a slight decrease in net sales but increased operating income, net income, and diluted EPS for Q1 2025 Condensed Consolidated Statements of Income (unaudited) | (in millions, except per share amounts) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Net sales** | $1,365.2 | $1,399.1 | | Gross profit | $451.2 | $447.7 | | **Operating income** | $239.0 | $228.5 | | Income before income taxes | $219.9 | $201.4 | | **Net income attributable to Hubbell Incorporated** | $169.7 | $147.8 | | **Basic earnings per share** | $3.16 | $2.75 | | **Diluted earnings per share** | $3.15 | $2.73 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets and liabilities increased as of March 31, 2025, driven by current assets, goodwill, and short-term debt Condensed Consolidated Balance Sheets (unaudited) | (in millions) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $2,261.8 | $2,089.3 | | Goodwill | $2,548.8 | $2,500.8 | | **TOTAL ASSETS** | **$6,922.1** | **$6,679.1** | | **Total Current Liabilities** | $1,938.3 | $1,274.2 | | Long-Term Debt | $1,044.0 | $1,442.7 | | **TOTAL LIABILITIES** | **$3,649.9** | **$3,396.4** | | **TOTAL EQUITY** | **$3,272.2** | **$3,282.7** | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow decreased, investing activities used cash for acquisitions, and financing activities provided cash from debt Condensed Consolidated Statements of Cash Flows (unaudited) | (in millions) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $37.4 | $92.2 | | **Net cash (used in) provided by investing activities** | $(99.3) | $88.6 | | **Net cash provided by (used in) financing activities** | $75.0 | $(125.3) | | Increase in cash and cash equivalents | $17.2 | $52.0 | [Notes to Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed notes cover the Ventev acquisition, disaggregated revenue, segment performance, debt, and stock compensation - In Q1 2025, the Company acquired Ventev for approximately **$73 million**, net of cash, adding it to the Electrical Solutions segment[23](index=23&type=chunk) - The company sold its residential lighting business in Q1 2024, recording a pre-tax loss of **$5.3 million**[27](index=27&type=chunk) Net Sales by Segment (Q1 2025 vs Q1 2024) | in millions | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Total Utility Solutions** | $857.1 | $894.0 | | **Total Electrical Solutions** | $508.1 | $505.1 | | **TOTAL** | **$1,365.2** | **$1,399.1** | - On March 25, 2025, the Company entered into a new five-year, **$1.0 billion** committed unsecured revolving credit facility, replacing its previous **$750 million** facility[84](index=84&type=chunk)[89](index=89&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=ITEM%202%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 financial results, covering sales, margins, segment performance, liquidity, and capital resources - Q1 2025 net sales decreased **2.4%** to **$1,365.2 million**, primarily due to a **1.2%** decline from divestitures (net of acquisitions) and a **0.6%** contraction in organic net sales[120](index=120&type=chunk) - Operating margin for Q1 2025 expanded by **120 basis points** to **17.5%**[123](index=123&type=chunk) - Adjusted operating margin contracted by **40 basis points** to **19.3%**, as benefits from productivity and price were offset by cost inflation and lower volumes[123](index=123&type=chunk) - Cash from operations decreased to **$37.4 million** in Q1 2025 from **$92.2 million** in Q1 2024, mainly due to increased working capital and a **$20.0 million** pension contribution[154](index=154&type=chunk) - The company established a new **$500.0 million** stock repurchase program in February 2025, bringing the total outstanding authorization to approximately **$635.0 million**[163](index=163&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) Net sales declined in Q1 2025 due to divestitures and organic decrease, while gross profit margin and operating income improved Reconciliation of Organic Net Sales Growth (Non-GAAP) | (in millions) | Three Months Ended March 31, 2025 | | :--- | :--- | | Net sales decline (GAAP) | $(33.9) | | Impact of acquisitions | $4.5 | | Impact of divestitures | $(21.1) | | Foreign currency exchange | $(8.6) | | **Organic net sales decline (Non-GAAP)** | **$(8.7)** | Reconciliation of Adjusted Operating Income (Non-GAAP) | (in millions) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Operating income (GAAP) | $239.0 | $228.5 | | Amortization of acquisition-related intangible assets | $24.5 | $39.4 | | Transaction, integration & separation costs | $0.4 | $7.3 | | **Adjusted operating income (Non-GAAP)** | **$263.9** | **$275.2** | - The effective tax rate decreased to **22.2%** in Q1 2025 from **26.0%** in Q1 2024, primarily due to tax expenses related to the residential lighting business divestiture in the prior year[146](index=146&type=chunk) [Segment Results](index=35&type=section&id=Segment%20Results) Utility Solutions sales decreased organically, while Electrical Solutions grew organically driven by datacenter demand - Utility Solutions organic net sales decreased **3.7%** in Q1 2025, driven by lower volume in Grid Automation products due to timing of large projects and weakness in telcom markets for enclosures[148](index=148&type=chunk) - Electrical Solutions organic net sales grew **4.8%** in Q1 2025, primarily driven by strength in the datacenter market, while broader industrial markets were steady and commercial markets were softer[151](index=151&type=chunk) Segment Adjusted Operating Margin (Non-GAAP) | Segment | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Utility Solutions | 21.0% | 21.8% | | Electrical Solutions | 16.5% | 15.8% | [Financial Condition, Liquidity and Capital Resources](index=37&type=section&id=Financial%20Condition,%20Liquidity%20and%20Capital%20Resources) Liquidity remains strong with a new credit facility, while cash was used for acquisitions, share repurchases, and dividends Cash Flow Summary | (In millions) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Operating activities | $37.4 | $92.2 | | Investing activities | $(99.3) | $88.6 | | Financing activities | $75.0 | $(125.3) | - In Q1 2025, the company invested **$73.3 million** to acquire Ventev and spent **$26.0 million** on capital expenditures[159](index=159&type=chunk) - The company entered a new **$1.0 billion** revolving credit agreement in March 2025, which matures in 2030, and was undrawn as of March 31, 2025[165](index=165&type=chunk)[168](index=168&type=chunk) Debt to Capital Ratio | (In millions) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Debt (GAAP) | $1,860.1 | $1,568.1 | | TOTAL CAPITAL (GAAP) | $5,121.5 | $4,836.4 | | **Total Debt to Total Capital (GAAP)** | **36%** | **32%** | [Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=ITEM%203%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No significant changes occurred in the company's exposure to market risks during Q1 2025 - There have been no significant changes in the Company's exposure to market risks such as foreign currency, material prices, and interest rates during the three months ended March 31, 2025[184](index=184&type=chunk) [Controls and Procedures](index=43&type=section&id=ITEM%204%20Controls%20and%20Procedures) Management concluded that disclosure controls were effective, with no material changes to internal controls - Based on an evaluation, the CEO and CFO concluded that the Company's disclosure controls and procedures were effective as of March 31, 2025[187](index=187&type=chunk) - No changes occurred in the Company's internal control over financial reporting during the most recent quarter that have materially affected, or are reasonably likely to materially affect, these controls[188](index=188&type=chunk) [PART II OTHER INFORMATION](index=44&type=section&id=PART%20II%20OTHER%20INFORMATION) This section provides other information, including updated risk factors, equity security sales, and other disclosures [Risk Factors](index=44&type=section&id=ITEM%201A%20Risk%20Factors) No material changes to risk factors, except for expanded discussion on U.S. and international trade policy changes - The primary updated risk factor relates to changes in U.S. and international trade policies, including new tariffs announced in early 2025 on goods from China, Canada, Mexico, and the EU[191](index=191&type=chunk)[192](index=192&type=chunk) - Tariffs on imported materials like steel and aluminum, as well as finished goods, could increase costs, which may need to be passed on to customers, potentially reducing demand[193](index=193&type=chunk) - Retaliatory tariffs from other countries could make it more difficult or costly for Hubbell to export its products, further impacting business operations and financial results[194](index=194&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=ITEM%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details stock repurchase activities for Q1 2025, including a new $500 million program and shares repurchased - On February 12, 2025, the Board approved a new **$500.0 million** stock repurchase program, expiring in February 2028[196](index=196&type=chunk) Issuer Purchases of Equity Securities (Q1 2025) | Period | Total Number of Shares Purchased (000s) | Average Price Paid Per Share | Approximate Value of Shares that May Yet be Purchased ($ millions) | | :--- | :--- | :--- | :--- | | Jan 2025 | — | $— | $760.0 | | Feb 2025 | 159 | $385.40 | $704.7 | | Mar 2025 | 201 | $347.14 | $635.0 | | **Total** | **360** | **$364.03** | **$635.0** | [Other Information](index=45&type=section&id=ITEM%205%20Other%20Information) No director or officer of the Company adopted or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement - No director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" during the three months ended March 31, 2025[199](index=199&type=chunk) [Exhibits](index=46&type=section&id=ITEM%206%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including the new Credit Agreement and certifications - Exhibit 10.1 is the Credit Agreement dated March 25, 2025[202](index=202&type=chunk) - Exhibits 31.1, 31.2, 32.1, and 32.2 contain the required CEO and CFO certifications[202](index=202&type=chunk)

First Quarter 2025 Earnings Call Certain terms used in this presentation or in our earnings press release, including "Net debt", "Free Cash Flow", "Organic net sales", "Organic net sales growth", "Restructuring-related costs", "Adjusted EBITDA", and certain "adjusted" measures, are defined under the section entitled "Non-GAAP Definitions." See Appendix, our press releases and SEC filings for more information. 2 Key Messages May 1, 2025 Forward Looking Statements and Non-GAAP Measures Forward Looking Stateme ...

Core Insights - Hubbell (HUBB) reported revenue of $1.37 billion for the quarter ended March 2025, reflecting a decrease of 2.4% year-over-year and a surprise of -1.42% compared to the Zacks Consensus Estimate of $1.38 billion [1] - The company's EPS for the quarter was $3.50, down from $3.60 in the same quarter last year, with an EPS surprise of -6.17% against the consensus estimate of $3.73 [1] Financial Performance Metrics - Net Sales for Electrical Solutions reached $508.10 million, exceeding the average estimate of $500.19 million by four analysts, representing a year-over-year increase of +0.6% [4] - Net Sales for Utility Solutions were reported at $857.10 million, falling short of the average estimate of $889.24 million, indicating a year-over-year decline of -4.1% [4] - Adjusted operating income for Utility Solutions was $179.90 million, below the average estimate of $196.34 million [4] - Adjusted operating income for Electrical Solutions was $84 million, slightly below the average estimate of $86.84 million [4] Stock Performance - Over the past month, Hubbell's shares have returned +6.3%, contrasting with a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Hubbell (HUBB) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Dan Innamorato - VP - IR & Corporate StrategyGerben Bakker - Chairman, President & CEOWilliam Sperry - Executive VP & CFOJeffrey Sprague - Founder and Managing PartnerSteve Tusa - Managing DirectorNigel Coe - Managing DirectorChris Snyder - Executive DirectorTommy Moll - Managing DirectorJoseph O'Dea - Managing DirectorBrett Linzey - Executive Director Conference Call Participants Julian Mitchell - Equity Research AnalystNico ...

Hubbell (HUBB) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 Please be advised today's conference is being recorded. I would now like to hand the conference over to your speaker today, Dan Imerov. You may begin. Speaker1 Thanks, operator. Good morning, everyone, and thank you for joining us. Earlier this morning, we issued a press release announcing our results for the first quarter of twenty twenty five. The press release and slides are posted to the Investors section of our website at hubbell.co ...