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Hubbell: Earnings Showing Positive Momentum
Seeking Alpha· 2025-07-31 17:04
Core Insights - The article discusses the current market trends and potential investment opportunities within specific sectors, highlighting the importance of thorough analysis in making informed investment decisions [1][2]. Group 1: Market Trends - Recent market fluctuations have shown a significant impact on investor sentiment, with a notable increase in volatility across various sectors [1]. - Analysts are observing a shift in consumer behavior, which is influencing demand patterns and subsequently affecting stock performance [2]. Group 2: Investment Opportunities - Certain industries, particularly technology and renewable energy, are identified as having strong growth potential, driven by innovation and regulatory support [1]. - Companies that adapt quickly to changing market conditions and consumer preferences are likely to outperform their peers [2]. Group 3: Financial Performance - Financial reports indicate that several companies have exceeded earnings expectations, showcasing resilience in challenging market environments [1]. - Key metrics such as revenue growth and profit margins are being closely monitored to assess the overall health of the sectors [2].
Hubbell(HUBB) - 2025 Q2 - Quarterly Report
2025-07-30 12:16
[PART I FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) This section presents Hubbell's comprehensive financial data, including statements, notes, and management's analysis [ITEM 1 Financial Statements (unaudited)](index=3&type=section&id=ITEM%201%20Financial%20Statements%20(unaudited)) This section presents Hubbell's unaudited condensed consolidated financial statements and notes for the reported periods [Condensed Consolidated Statements of Income](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Three Months Ended June 30, 2025 vs 2024 (in millions) | Metric | 2025 | 2024 | Change | % Change | | :--------------------------------- | :----- | :----- | :----- | :------- | | Net sales | $1,484.3 | $1,452.5 | $31.8 | 2.2% | | Gross profit | $552.1 | $513.8 | $38.3 | 7.5% | | Operating income | $336.3 | $306.3 | $30.0 | 9.8% | | Net income attributable to Hubbell Inc. | $244.2 | $217.5 | $26.7 | 12.3% | | Diluted earnings per share | $4.56 | $4.01 | $0.55 | 13.7% | Six Months Ended June 30, 2025 vs 2024 (in millions) | Metric | 2025 | 2024 | Change | % Change | | :--------------------------------- | :----- | :----- | :----- | :------- | | Net sales | $2,849.5 | $2,851.6 | $(2.1) | -0.1% | | Gross profit | $994.7 | $947.4 | $47.3 | 5.0% | | Operating income | $566.7 | $520.7 | $46.0 | 8.8% | | Net income attributable to Hubbell Inc. | $407.4 | $354.6 | $52.8 | 14.9% | | Diluted earnings per share | $7.58 | $6.55 | $1.03 | 15.7% | [Condensed Consolidated Statements of Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Three Months Ended June 30, 2025 vs 2024 (in millions) | Metric | 2025 | 2024 | Change | | :------------------------------------------ | :----- | :----- | :----- | | Net income | $245.5 | $219.1 | $26.4 | | Other comprehensive income (loss) | $32.3 | $(17.3) | $49.6 | | Comprehensive income attributable to Hubbell Inc. | $276.5 | $200.2 | $76.3 | Six Months Ended June 30, 2025 vs 2024 (in millions) | Metric | 2025 | 2024 | Change | | :------------------------------------------ | :----- | :----- | :----- | | Net income | $410.0 | $357.5 | $52.5 | | Other comprehensive income (loss) | $51.8 | $(26.6) | $78.4 | | Comprehensive income attributable to Hubbell Inc. | $459.2 | $328.0 | $131.2 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025 vs December 31, 2024 (in millions) | Metric | June 30, 2025 | Dec 31, 2024 | Change | | :------------------------------------ | :------------ | :----------- | :----- | | Total Current Assets | $2,476.4 | $2,257.9 | $218.5 | | Total Assets | $7,149.0 | $6,847.7 | $301.3 | | Total Current Liabilities | $1,908.4 | $1,274.2 | $634.2 | | Total Liabilities | $3,650.2 | $3,437.1 | $213.1 | | Total Equity | $3,498.8 | $3,410.6 | $88.2 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Six Months Ended June 30, 2025 vs 2024 (in millions) | Metric | 2025 | 2024 | Change | | :------------------------------------------------ | :----- | :----- | :----- | | Net cash provided by operating activities | $298.0 | $331.8 | $(33.8) | | Net cash (used in) provided by investing activities | $(140.6) | $56.1 | $(196.7) | | Net cash used in financing activities | $(117.5) | $(319.3) | $201.8 | | Increase in cash and cash equivalents | $53.0 | $60.6 | $(7.6) | [Notes to Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) - The Company retrospectively changed its accounting method for certain U.S. inventory from **LIFO to FIFO** in **Q2 2025** to better match costs and revenues, conform to a single accounting method, and improve comparability with peers[19](index=19&type=chunk) - In **Q1 2025**, Hubbell acquired **Ventev** for approximately **$73 million**, net of cash, adding it to the **Electrical Solutions** segment to enhance wireless network solutions[26](index=26&type=chunk) - In **July 2025**, the Company acquired **Nicor, Inc.** for approximately **$56 million**, net of cash, which will be added to the **Utility Solutions** segment to provide water metering endpoint solutions[124](index=124&type=chunk) [ITEM 2 Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=ITEM%202%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section analyzes Hubbell's financial condition, results of operations, liquidity, and capital resources [Executive Overview of the Business](index=34&type=section&id=Executive%20Overview%20of%20the%20Business) - Hubbell is a global manufacturer of electrical products and utility solutions, serving customers across 'In Front of the Meter,' 'On The Edge,' and 'Behind the Meter' energy infrastructure applications[126](index=126&type=chunk) - The company's reporting segments are **Utility Solutions** and **Electrical Solutions**, with approximately **17,800** employees worldwide as of **June 30, 2025**[126](index=126&type=chunk)[127](index=127&type=chunk) - Hubbell's strategy includes organic growth, strategic acquisitions to expand offerings, and maintaining a competitive cost structure through restructuring and productivity programs[128](index=128&type=chunk)[129](index=129&type=chunk)[130](index=130&type=chunk) [Results of Operations – Second Quarter of 2025 compared to the Second Quarter of 2024](index=36&type=section&id=Results%20of%20Operations%20%E2%80%93%20Second%20Quarter%20of%202025%20compared%20to%20the%20Second%20Quarter%20of%202024) - Net sales increased by **2.2%** to **$1,484.3 million**, driven by **2.0%** **organic sales growth** (favorable price realization) and **0.3%** from acquisitions[139](index=139&type=chunk)[155](index=155&type=chunk) - **Operating margin** expanded by **160 basis points** to **22.7%**, with **adjusted operating margin** increasing by **120 basis points** to **24.4%**, primarily due to operational productivity and favorable price realization[141](index=141&type=chunk)[152](index=152&type=chunk) - Diluted **EPS** increased by **14%** to **$4.56**, and adjusted diluted **EPS** rose by **11%** to **$4.93**[153](index=153&type=chunk)[160](index=160&type=chunk) [Results of Operations – Six Months Ended June 30, 2025 compared to the Six Months Ended June 30, 2024](index=42&type=section&id=Results%20of%20Operations%20%E2%80%93%20Six%20Months%20Ended%20June%2030,%202025%20compared%20to%20the%20Six%20Months%20Ended%20June%2030,%202024) - Net sales remained **flat** at **$2,849.5 million**, with **0.7%** **organic growth** (price realization offsetting volume decline), a **0.4%** reduction from divestitures net of acquisitions, and a **0.4%** decrease from foreign currency exchange[172](index=172&type=chunk) - **Gross profit margin** expanded by **170 basis points** to **34.9%**, driven by improved operational productivity, favorable pricing, and lower acquisition-related intangible asset amortization[173](index=173&type=chunk) - Diluted **EPS** increased by **15.7%** to **$7.58**, and adjusted diluted **EPS** rose by **5.6%** to **$8.31**[169](index=169&type=chunk)[177](index=177&type=chunk) [Financial Condition, Liquidity and Capital Resources](index=46&type=section&id=Financial%20Condition,%20Liquidity%20and%20Capital%20Resources) - **Net cash provided by operating activities** decreased to **$298.0 million** (vs. **$331.8 million** in **2024**) due to increased working capital and a **$20.0 million** pension plan contribution, partially offset by higher net income[184](index=184&type=chunk) - **Cash used in investing activities** was **$140.6 million** (vs. **$56.1 million** provided in **2024**), primarily due to the **$73.2 million Ventev** acquisition in **2025** and the absence of proceeds from the residential lighting business disposition seen in **2024**[185](index=185&type=chunk)[189](index=189&type=chunk) - **Cash used in financing activities** decreased to **$117.5 million** (vs. **$319.3 million** in **2024**), reflecting higher net borrowings partially offset by a **$205.0 million** increase in **share repurchases**[186](index=186&type=chunk) - The company has a **$1.0 billion** committed unsecured revolving credit facility, **undrawn** as of **June 30, 2025**, and a total outstanding **share repurchase authorization** of approximately **$535.0 million**[195](index=195&type=chunk)[198](index=198&type=chunk)[227](index=227&type=chunk) [Forward-Looking Statements](index=50&type=section&id=Forward-Looking%20Statements) - The report contains forward-looking statements regarding financial results, growth, market conditions, capital resources, and strategic initiatives, which are subject to numerous risks and uncertainties[212](index=212&type=chunk) - Key risks include trade tariffs, inflation, economic conditions, foreign currency fluctuations, supply chain disruptions, changes in demand, and the ability to integrate acquisitions and manage restructuring costs[212](index=212&type=chunk)[215](index=215&type=chunk) - Hubbell's long-term strategy focuses on serving customers with reliable and innovative electrical and infrastructure solutions, complementing organic growth with acquisitions, and **effective** capital allocation to create shareholder value[128](index=128&type=chunk) - The company continues to invest in restructuring and productivity initiatives to optimize its manufacturing footprint, cost structure, and workforce efficiency, aiming to offset material and administrative cost inflation[130](index=130&type=chunk)[131](index=131&type=chunk) - In **Q1 2025**, Hubbell acquired **Ventev** for **$73.2 million**, expanding its wireless network solutions within the **Electrical Solutions** segment[135](index=135&type=chunk)[189](index=189&type=chunk) [ITEM 3 Quantitative and Qualitative Disclosures About Market Risk](index=51&type=section&id=ITEM%203%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section addresses Hubbell's market risk exposures, including currency, raw material prices, and interest rates - Hubbell is exposed to market risks from foreign currency exchange rates, raw material and finished goods availability and prices, foreign sourcing issues, and interest rate changes[214](index=214&type=chunk) - **No significant changes** in market risk exposure were reported for the six months ended **June 30, 2025**[214](index=214&type=chunk) [ITEM 4 Controls and Procedures](index=51&type=section&id=ITEM%204%20Controls%20and%20Procedures) This section confirms the effectiveness of Hubbell's disclosure controls and procedures, with no material changes - Management, including the CEO and CFO, evaluated the **effectiveness** of the Company's disclosure controls and procedures as of **June 30, 2025**[217](index=217&type=chunk) - The disclosure controls and procedures were concluded to be **effective** at the reasonable assurance level[217](index=217&type=chunk) - **No material changes** in internal control over financial reporting occurred during the most recently completed quarter[218](index=218&type=chunk) [PART II OTHER INFORMATION](index=52&type=section&id=PART%20II%20OTHER%20INFORMATION) This section covers additional disclosures, including updated risk factors, equity sales, and exhibits [ITEM 1A Risk Factors](index=52&type=section&id=ITEM%201A%20Risk%20Factors) This section updates risk factors, focusing on adverse impacts from changes in U.S. and international trade policies - **No material changes** to risk factors were reported, except for those related to U.S. and international trade policies[220](index=220&type=chunk) - Changes in trade policy, including new tariffs on goods from Canada, China, Mexico, and Europe, could increase prices for imported materials and domestically sourced goods[222](index=222&type=chunk)[223](index=223&type=chunk) - These trade actions may disrupt supply chains, increase manufacturing costs, reduce demand, and adversely affect revenues and profitability[224](index=224&type=chunk) [ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds](index=53&type=section&id=ITEM%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details Hubbell's common stock repurchase activities, including active programs and Q2 2025 repurchases - The **2022 share repurchase program** has **$35.0 million** remaining **authorization**, expiring in **October 2025**[227](index=227&type=chunk) - A new **2025 share repurchase program** was approved, authorizing up to **$500.0 million** of **common stock repurchases**, expiring in **February 2028**[227](index=227&type=chunk) Common Stock Repurchase Activity for Q2 2025 | Period | Total Number of Shares Purchased (000s) | Average Price Paid Per Share | Approximate Value of Shares that May Yet be Purchased Under the Plans (in millions) | | :-------------------------- | :------------------------------------ | :--------------------------- | :-------------------------------------------------------------------------- | | April 1, 2025 - April 30, 2025 | — | $— | $635.0 | | May 1, 2025 - May 31, 2025 | 222 | $382.89 | $550.0 | | June 1, 2025 - June 30, 2025 | 39 | $387.10 | $535.0 | | **TOTAL FOR THE QUARTER ENDED JUNE 30, 2025** | **261** | **$382.98** | **$535.0** | [ITEM 5 Other information](index=53&type=section&id=ITEM%205%20Other%20information) This section states no director or officer adopted or terminated a Rule 10b5-1 trading arrangement - **No director or officer** adopted or terminated a **Rule 10b5-1** or non-**Rule 10b5-1** trading arrangement during **Q2 2025**[230](index=230&type=chunk) [ITEM 6 Exhibits](index=54&type=section&id=ITEM%206%20Exhibits) This section lists exhibits filed with the Form 10-Q, including corporate documents, accounting letters, and certifications - Key exhibits include the Amended and Restated Certificate of Incorporation and By-Laws, Hubbell Incorporated Incentive Award Plan, and a Preferability Letter for the change in accounting principle[231](index=231&type=chunk) - Certifications from the Chief Executive Officer and Chief Financial Officer pursuant to Sections **302** and **906** of the Sarbanes-Oxley Act of **2002** are included[231](index=231&type=chunk) - The financial statements for the quarter ended **June 30, 2025**, are provided in Inline Extensible Business Reporting Language (iXBRL) format[231](index=231&type=chunk) [Signatures](index=55&type=section&id=Signatures) This section contains the signatures of authorized representatives, confirming the report's filing - The report was signed on **July 30, 2025**, by William R. Sperry, Executive Vice President and Chief Financial Officer, and Jonathan M. Del Nero, Vice President, Controller (Principal Accounting Officer)[232](index=232&type=chunk)
Hubbell(HUBB) - 2025 Q2 - Earnings Call Transcript
2025-07-29 15:02
Financial Data and Key Metrics Changes - The company reported double-digit adjusted earnings per share growth in Q2 2025, with adjusted operating margin expansion of 120 basis points [5][16] - Sales increased by 2% to just under $1.5 billion, with adjusted operating profit up 8% to $362 million [15][16] - Adjusted earnings per share grew 11% to $4.93, supported by share repurchases of approximately $225 million [18][19] Business Line Data and Key Metrics Changes - In the Utility segment, organic growth was 1%, driven by 7% growth in grid infrastructure, while grid automation experienced a 13% contraction [19][22] - The Electrical Solutions segment achieved 4% sales growth, with significant contributions from data centers and light industrial markets [24][25] - The company is seeing strong demand in transmission and substation markets, with orders up high teens year-over-year [21][30] Market Data and Key Metrics Changes - The company anticipates 4% to 6% organic sales growth for the full year, with a strong outlook for data centers expecting 30% growth [28][34] - The distribution market is rebounding from destocking, contributing to mid-single-digit growth expectations [22][28] - The telecom market is also returning to growth after previous contractions, indicating a positive trend [30][62] Company Strategy and Development Direction - The company is focused on grid modernization and electrification, leveraging its strong market position to drive long-term shareholder value [34][35] - There is an emphasis on simplifying operations to enhance productivity and operating efficiencies, which is expected to support margin expansion [9][24] - The company is actively pursuing acquisitions in higher growth areas, particularly in T&D, data centers, and light industrial markets [88][90] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic and inflationary uncertainties while delivering on financial commitments [34][35] - The company is proactively managing costs and pricing to ensure continued profitable growth despite inflationary pressures [6][9] - There is an expectation of strong performance in the second half of 2025, supported by favorable market trends and order strength [34][35] Other Important Information - The company adopted a unified FIFO-based inventory accounting standard to improve consistency and expense recognition [10][11] - The transition to FIFO resulted in a $29 million decrease in COGS for Q2, positively impacting earnings guidance [13][14] Q&A Session Summary Question: Is mid-single-digit growth in electrical distribution sustainable? - Management confirmed that mid-single-digit growth reflects underlying market demand and is expected to improve in the second half due to easier comparisons [39][40] Question: What is the outlook for Aclara in Q4? - Management indicated that Aclara is expected to return to low single to mid-single-digit growth from a stable base [41][42] Question: How is the company managing tariff impacts? - The company has been able to implement price increases that are slightly ahead of tariff impacts, managing costs effectively [42][43] Question: What is the impact of copper price changes on earnings? - Management stated that they feel well covered against commodity price fluctuations and can manage costs through pricing strategies [50][52] Question: What is the outlook for operating margin expansion in the second half? - Management expects favorable mix dynamics and price realization to support margin expansion, despite some tariff costs impacting margins [72][73] Question: How does the company view growth in Grid Infrastructure? - Management sees continued strength in transmission and substation markets, with expectations for low double-digit organic growth in the second half [80][82] Question: What is the status of the M&A pipeline? - The company is actively pursuing acquisitions, with a focus on higher growth areas, and has recently completed a small acquisition in the utility space [86][90]
Hubbell(HUBB) - 2025 Q2 - Earnings Call Transcript
2025-07-29 15:00
Financial Data and Key Metrics Changes - Hubbell reported a 2% increase in sales for the quarter, reaching just under $1.5 billion, with adjusted operating profit up 8% to $362 million and adjusted earnings per share growing 11% to $4.93 [16][17][19] - Adjusted operating margin expanded by 120 basis points to 24.4% [17] - The company raised its full-year adjusted earnings per share outlook to a range of $17.65 to $18.15, reflecting a $0.30 increase at both ends of the prior outlook range [35] Business Line Data and Key Metrics Changes - In the Utility segment, sales grew 1% to $936 million, driven entirely by organic growth, with grid infrastructure showing a 7% increase [20][21] - The Electrical Solutions segment achieved 4% sales growth to $545 million, largely organic, with a small contribution from the Ventev acquisition [25] - Grid automation experienced a 13% contraction, attributed to the roll-off of large projects and a backlog created by previous supply chain issues [23][24] Market Data and Key Metrics Changes - The grid infrastructure orders were up high teens year-over-year in the first half, supporting expectations for strong organic growth in the second half [22] - Data centers are anticipated to grow by 30%, while light industrial markets remain resilient [30][64] - The telecom enclosures business has returned to growth after a period of contraction [62] Company Strategy and Development Direction - The company is focused on simplifying its business to drive productivity and operating efficiencies, aiming for long-term margin expansion [9] - Hubbell is confident in its ability to navigate macroeconomic and inflationary uncertainties, leveraging its unique positions in grid modernization and electrification [36][37] - The company continues to explore acquisition opportunities in higher growth areas such as T&D, data centers, and light industrial markets [88][89] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive price-cost productivity in 2025 despite raw material inflation and tariffs impacting costs [7] - The outlook for the second half of 2025 includes expectations for 4% to 6% organic growth and continued operating margin expansion [35] - Management noted that the macroeconomic environment remains dynamic, but they are well-positioned in attractive markets [9][36] Other Important Information - The transition to a unified FIFO-based inventory accounting standard is expected to provide better matching of expense and revenue recognition, particularly during inflationary periods [12][13] - The company has been proactive in managing its cost structure and pricing actions to drive continued profitable growth [9] Q&A Session Summary Question: On electrical distribution, is mid single digit growth the sustainable growth rate? - Management confirmed that mid single digit is the underlying growth rate, with improvements expected in the second half due to easier comparisons [40][41] Question: Will Aclara return to growth in the fourth quarter? - Management indicated that Aclara is expected to return to low single to mid single digit growth from a new lower base [42] Question: What is the tariff impact on results? - Management stated that they have been slightly ahead of tariffs on a price-cost basis and have managed to implement price increases effectively [43][44] Question: How is the company hedging against commodity price fluctuations? - Management explained that they use price increases as a hedge against commodity costs and feel well covered against inflation [49][50] Question: What is the outlook for operating margin expansion in the second half? - Management expects favorable mix dynamics and price realization to support margin expansion, despite some tariff costs impacting margins [72][73] Question: What is the growth trajectory for Grid Infrastructure? - Management anticipates continued strength in transmission and substation markets, with expectations for mid to high teens growth [80][81] Question: What is the status of the M&A pipeline? - Management confirmed ongoing activity in the M&A pipeline, with a focus on higher growth areas and recent small acquisitions [84][88]
Hubbell (HUBB) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2025-07-29 14:31
Core Insights - Hubbell (HUBB) reported revenue of $1.48 billion for the quarter ended June 2025, reflecting a year-over-year increase of 2.2% and an EPS of $4.93 compared to $4.37 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $1.51 billion, resulting in a surprise of -1.4%, while the EPS exceeded the consensus estimate of $4.36 by +13.07% [1] Financial Performance Metrics - Net Sales for Electrical Solutions were $548.8 million, slightly below the four-analyst average estimate of $551.29 million, with a year-over-year change of +4.3% [4] - Net Sales for Utility Solutions reached $935.5 million, also below the four-analyst average estimate of $959.65 million, with a year-over-year change of +1% [4] - Adjusted operating income for Utility Solutions was reported at $238.7 million, surpassing the four-analyst average estimate of $215.25 million [4] - Adjusted operating income for Electrical Solutions was $123.5 million, exceeding the average estimate of $108.05 million based on four analysts [4] Stock Performance - Shares of Hubbell have returned +7.3% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Hubbell(HUBB) - 2025 Q2 - Earnings Call Presentation
2025-07-29 14:00
Financial Performance & Outlook - The company anticipates 2025 organic growth of +4-6%[24] - The company is raising the 2025 adjusted EPS outlook range to $1765-$1815[30] - Second quarter adjusted diluted EPS increased by 11% year-over-year, from $444 to $493[12] - Second quarter organic net sales increased by 2%[12] Segment Results - Hubbell Utility Solutions (HUS) - HUS second quarter organic sales increased by 1%[15] - HUS second quarter adjusted operating profit increased by 7%[15] - Grid Infrastructure sales were $699 million, with a +7% organic increase[16] - Grid Automation sales were $237 million, with a -13% organic decrease[16] Segment Results - Hubbell Electrical Solutions (HES) - HES second quarter organic sales increased by 4%[20] - HES second quarter adjusted operating profit increased by 9%[20]
Hubbell (HUBB) Q2 Earnings Top Estimates
ZACKS· 2025-07-29 13:46
Earnings Performance - Hubbell reported quarterly earnings of $4.93 per share, exceeding the Zacks Consensus Estimate of $4.36 per share, and up from $4.37 per share a year ago, representing an earnings surprise of +13.07% [1] - The company posted revenues of $1.48 billion for the quarter ended June 2025, which was 1.4% below the Zacks Consensus Estimate, and compared to $1.45 billion in the same quarter last year [2] Stock Performance and Outlook - Hubbell shares have increased by approximately 4.6% since the beginning of the year, while the S&P 500 has gained 8.6% [3] - The company's current Zacks Rank is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Future Earnings Expectations - The current consensus EPS estimate for the upcoming quarter is $4.99 on revenues of $1.56 billion, and for the current fiscal year, it is $17.38 on revenues of $5.92 billion [7] - The trend of earnings estimate revisions for Hubbell was mixed prior to the earnings release, which may change following the report [6] Industry Context - The Manufacturing - Electrical Utilities industry, to which Hubbell belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
Hubbell(HUBB) - 2025 Q2 - Quarterly Results
2025-07-29 12:04
Date:July 29, 2025 NEWS RELEASE Hubbell Incorporated 40 Waterview Drive Shelton, CT 06484 475-882-4000 HUBBELL REPORTS SECOND QUARTER 2025 RESULTS SHELTON, CT. (July 29, 2025) – Hubbell Incorporated (NYSE: HUBB) today reported operating results for the second quarter ended June 30, 2025. "Hubbell delivered double digit adjusted earnings per share growth in the second quarter, driven by strong organic growth in Grid Infrastructure and Electrical Solutions, as well as year-over-year margin expansion" said Ger ...
Hubbell Reports Second Quarter 2025 Results
Globenewswire· 2025-07-29 11:30
Shelton, CT, July 29, 2025 (GLOBE NEWSWIRE) -- HUBBELL REPORTS SECOND QUARTER 2025 RESULTS Utility Solutions segment net sales in the second quarter of 2025 increased 1% to $936 million compared to $927 million reported in the second quarter of 2024. Organic net sales increased approximately 1% in the quarter. Grid Infrastructure net sales increased approximately 7% and Grid Automation net sales decreased approximately 13%. Segment operating income was $218 million, or 23.3% of net sales, in the second quar ...
Hubbell Incorporated Reports Regular Quarterly Dividend
Globenewswire· 2025-07-25 19:30
Group 1 - The Board of Directors of Hubbell Incorporated declared a regular quarterly dividend of $1.32 per share on the Company's common stock [1] - The dividend will be paid on September 15, 2025, to shareholders of record on August 29, 2025 [1] Group 2 - Hubbell Incorporated is a leading manufacturer of utility and electrical solutions [2] - The company reported revenues of $5.6 billion for the year 2024 [2] - Hubbell's solutions are designed to energize economies and electrify communities [2]