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.

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Back to Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 1-2958 HUBBELL INCORPORATED (Exact name of registrant as specified in its charter) (State or other ...

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 ...

For the quarter ended March 2025, Hubbell (HUBB) reported revenue of $1.37 billion, down 2.4% over the same period last year. EPS came in at $3.50, compared to $3.60 in the year-ago quarter.The reported revenue represents a surprise of -1.42% over the Zacks Consensus Estimate of $1.38 billion. With the consensus EPS estimate being $3.73, the EPS surprise was -6.17%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

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 ...

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) came out with quarterly earnings of $3.50 per share, missing the Zacks Consensus Estimate of $3.73 per share. This compares to earnings of $3.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.17%. A quarter ago, it was expected that this electrical products manufacturer would post earnings of $4.02 per share when it actually produced earnings of $4.10, delivering a surprise of 1.99%.Over the last four quarte ...

Financial Performance - Q1 2025 diluted EPS was $3.15, with adjusted diluted EPS at $3.50[4] - Q1 2025 net sales decreased by 2%, with organic sales down 0.6% and net M&A impact of -1.2%[4] - Q1 2025 operating margin was 17.5%, while adjusted operating margin was 19.3%[4] - Full year 2025 diluted EPS outlook is projected between $15.95 and $16.45, with adjusted EPS between $17.35 and $17.85[12] - Free cash flow for Q1 2025 was $11 million, down from $52 million in the same period of 2024[11] - Organic net sales for the three months ended March 31, 2025, were $1,365.2 million, a decrease from $1,399.1 million in the same period of 2024[29] - Net sales for Q1 2025 were $1,365.2 million, a decrease of 2% compared to $1,399.1 million in Q1 2024[37] - Adjusted operating income for Q1 2025 was $263.9 million, down 4% from $275.2 million in Q1 2024[37] - The operating margin for Q1 2025 was 19.3%, a decrease of 40 basis points from 19.7% in Q1 2024[37] - Adjusted EBITDA for Q1 2025 was $285.7 million, a slight decrease of 1% from $288.4 million in Q1 2024[42] Segment Performance - Electrical Solutions segment achieved organic growth of 5%, driven by strength in datacenter markets[3] - Utility Solutions segment net sales decreased 4% to $857 million, with Grid Automation sales down approximately 15%[8] - Segment operating income for Utility Solutions was $160 million, or 18.7% of net sales, compared to $158 million, or 17.6% in Q1 2024[8] - Adjusted operating income for Electrical Solutions was $84 million, or 16.5% of net sales, up from $80 million, or 15.8% in Q1 2024[9] - The operating income for the Utility Solutions segment was $160.0 million, a 2% increase from $157.5 million in Q1 2024[37] Income and Cash Flow - Net income attributable to Hubbell Incorporated increased by 15% to $169.7 million in Q1 2025, compared to $147.8 million in Q1 2024[35] - Basic earnings per share for Q1 2025 were $3.16, a 15% increase from $2.75 in Q1 2024[35] - Net income for Q1 2025 rose to $171.0 million, a 15% increase from $149.1 million in Q1 2024[42] - Net cash provided by operating activities was $37.4 million in Q1 2025, down from $92.2 million in Q1 2024[33] - Free cash flow for Q1 2025 was $11.4 million, significantly lower than $51.9 million in Q1 2024[47] Balance Sheet - Total assets as of March 31, 2025, were $6,922.1 million, up from $6,679.1 million at the end of 2024[31] - Cash and cash equivalents increased to $346.9 million from $329.1 million at the end of 2024[31] - The company reported a total current liabilities of $1,938.3 million as of March 31, 2025, compared to $1,274.2 million at the end of 2024[31] - Total debt increased to $1,860.1 million as of March 31, 2025, up from $1,568.1 million at the end of 2024, resulting in a total debt to total capital ratio of 36%[46] Sales Growth and Acquisitions - Anticipated total sales growth for 2025 is 6-8%, including pricing actions to address cost inflation[13] - The impact of acquisitions on net sales growth was $4.5 million (0.3%) in Q1 2025, compared to $108.5 million (8.4%) in Q1 2024[39]

Core Insights - Hubbell Incorporated reported first quarter 2025 results, highlighting strong performance in the Electrical Solutions segment and a return to organic growth in Grid Infrastructure, despite challenges in Grid Automation and inflationary pressures [2][3]. Financial Performance - Total net sales for Q1 2025 were $1.365 billion, a decrease of 2% from $1.399 billion in Q1 2024 [26]. - Utility Solutions segment net sales decreased by 4% to $857 million compared to $894 million in Q1 2024, while Electrical Solutions segment net sales increased slightly to $508 million from $505 million [5][6]. - Q1 diluted EPS was $3.15, with adjusted diluted EPS at $3.50, reflecting a year-over-year increase of 15% [7][27]. Segment Analysis - Electrical Solutions achieved organic growth of 5%, driven by strong datacenter markets and strategic execution [3]. - Utility Solutions segment operating income was $160 million, or 18.7% of net sales, compared to $158 million, or 17.6% in the prior year [5]. - Grid Automation sales saw a decline of approximately 15% due to challenging comparisons from the previous year [5]. Cash Flow and Balance Sheet - Net cash provided by operating activities was $37 million in Q1 2025, down from $92 million in Q1 2024, with free cash flow at $11 million compared to $52 million in the prior year [10]. - Total assets increased to $6.922 billion as of March 31, 2025, from $6.679 billion at the end of 2024 [29]. Outlook - For the full year 2025, Hubbell anticipates diluted EPS in the range of $15.95-$16.45 and adjusted diluted EPS between $17.35-$17.85, with total sales growth and organic net sales growth projected at 6-8% [11][12].