Financial Data and Key Metrics Changes - Hubbell achieved mid-single-digit sales growth for the full year 2024, with adjusted operating profit growth of 9% and adjusted earnings per share of $16.57, exceeding initial guidance [7][12] - The company reported a year-over-year adjusted operating margin expansion of 240 basis points, with free cash flow growth in double digits [6][7] - Free cash flow for the full year was above $800 million, representing a conversion rate of approximately 98% [19] Business Line Data and Key Metrics Changes - In the Utilities segment, sales grew by 4%, driven by the acquisition of Systems Control, with double-digit growth in transmission and substation product areas [21][22] - The Electrical segment experienced a slight decline in top-line performance, but operating profit grew by 10% with a margin expansion of about 3.5 percentage points [34][35] - The telecom enclosures area saw a significant decline of 20%, attributed to customer inventory rationalization [22][31] Market Data and Key Metrics Changes - The company noted a favorable order trend in the grid infrastructure area, with a book-to-bill ratio above one for the first time since early 2023, indicating a recovery from destocking [24][25] - The grid automation sales were down 11%, but this was due to challenging comparisons from the previous year [26][27] - The company expects mid-single-digit organic growth in the Utility Solutions segment for 2025, driven by electrification and interconnection projects [39] Company Strategy and Development Direction - Hubbell is focused on unifying its Electrical Solutions segment and driving operational efficiencies to expand margins [9][10] - The company aims to capitalize on secular growth trends in utility and electrical markets, particularly in renewables and data center solutions [10][12] - The strategic acquisition of Systems Control is expected to contribute positively to growth and margin expansion in the Utilities segment [12][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in telecom markets but expressed confidence in the company's ability to navigate these issues and return to growth [8][12] - The outlook for 2025 anticipates mid-single-digit organic growth, continued margin expansion, and attractive growth in operating profit and free cash flow [41][42] - Management emphasized the importance of proactive price-cost productivity management and the potential for strong performance despite macroeconomic uncertainties [41][42] Other Important Information - The company has doubled its capital expenditures over the past three years to support growth in high-demand areas [19] - Hubbell's balance sheet remains strong, allowing for continued investment in acquisitions and growth initiatives [12][115] Q&A Session Summary Question: Channel inventory situation - Management discussed visibility into inventory levels, particularly distinguishing between investor-owned utilities (IOUs) and municipal utilities, indicating a return to growth [46][49] Question: Exposure to tariffs - The company has reduced its exposure to Chinese tariffs significantly and is preparing for potential impacts from Canadian and Mexican tariffs [55][56][67] Question: Electrical margins and growth expectations - Management confirmed that the Electrical segment's margins are expected to continue improving, with a focus on high-margin products and operational efficiencies [72][91] Question: Utility growth outlook - The company expects mid-single-digit growth in the Utility segment, with a focus on capitalizing on electrification trends [39][128] Question: Inventory management and customer consumption rates - Management indicated that while specific SKU consumption rates were not disclosed, overall CapEx and OpEx budgets suggest a positive trend in market demand [110][112] Question: M&A activity - The company recently closed a small acquisition and remains active in pursuing additional opportunities in both Electrical and Utility segments [114][115]

Hubbell (HUBB) Q4 2024 Earnings Call February 04, 2025 10:00 AM ET Company Participants Daniel Innamorato - Director of Investor RelationsGerben Bakker - Chairman, President & CEOWilliam Sperry - Executive VP & CFOJeffrey Sprague - Founder and Managing PartnerNigel Coe - Managing DirectorSteve Tusa - Managing DirectorChris Snyder - Executive DirectorTommy Moll - Managing DirectorJoseph O'Dea - Managing DirectorBrett Linzey - Executive Director Conference Call Participants Julian Mitchell - Equity Research A ...

Hubbell (HUBB) reported $1.33 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 0.9%. EPS of $4.10 for the same period compares to $3.69 a year ago.The reported revenue represents a surprise of -4.54% over the Zacks Consensus Estimate of $1.4 billion. With the consensus EPS estimate being $4.02, the EPS surprise was +1.99%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Hubbell (HUBB) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $4.02 per share. This compares to earnings of $3.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.99%. A quarter ago, it was expected that this electrical products manufacturer would post earnings of $4.47 per share when it actually produced earnings of $4.49, delivering a surprise of 0.45%.Over the last four quarter ...

Exhibit 99.1 https://files.reportify.cc/ Date: February 4, 2025 NEWS RELEASE Hubbell Incorporated 40 Waterview Drive Shelton, CT 06484 475-882-4000 HUBBELL REPORTS FOURTH QUARTER 2024 AND FULL YEAR RESULTS SHELTON, CT. (February 4, 2025) – Hubbell Incorporated (NYSE: HUBB) today reported operating results for the fourth quarter and full year ended December 31, 2024. "Hubbell delivered double-digit growth in operating profit, earnings per share and free cash flow in the fourth quarter" said Gerben Bakker, Ch ...

Shelton, CT, Feb. 04, 2025 (GLOBE NEWSWIRE) -- HUBBELL REPORTS FOURTH QUARTER 2024 AND FULL YEAR RESULTS Q4 diluted EPS of $3.64; adjusted diluted EPS of $4.10 (up 11% y/y)Q4 net sales -1% (organic -3%; net M&A +3%)Q4 operating margin 19.3%; adjusted operating margin 21.8% (up 240bps y/y)FY 2024 diluted EPS of $14.37; adjusted diluted EPS of $16.57FY 2025 diluted EPS expected range of $16.00-$16.50; adj. diluted EPS of $17.35-$17.85 SHELTON, CT. (February 4, 2025) – Hubbell Incorporated (NYSE: HUBB) today ...

The upcoming report from Hubbell (HUBB) is expected to reveal quarterly earnings of $4.02 per share, indicating an increase of 8.9% compared to the year-ago period. Analysts forecast revenues of $1.4 billion, representing an increase of 3.9% year over year.Over the last 30 days, there has been a downward revision of 4.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of t ...

Hubbell (HUBB) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 4. ...

Attorney Gordon Glover of Glover Law Firm Has Been Awarded Esteemed AV Peer Review Rating from Martindale-HubbellThe Florida-based Glover Law Firm offers car accident and personal injury legal services.January 23, 2025 10:50 PM EST | Source: PlentisoftThe Villages, Florida--(Newsfile Corp. - January 23, 2025) - Gordon Glover of the Glover Law Firm has been awarded the AV Peer Review Rating from Martindale-Hubbell.Attorney Gordon Glover Awarded Esteemed AV Peer Review Rating from Martindale-Hub ...

Shelton, CT, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) today announced it will release its fourth quarter 2024 financial results prior to the opening of the market on February 4th, 2025. The Company will then webcast its Analysts' Conference Call to discuss the results at 10:00 AM ET. The full text of the press release announcing the results will be posted on Hubbell's corporate website under the Press Release section. You can also access this information by going to www.hubbell.c ...