Shelton, CT, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) today announced that Gerben Bakker, Chairman, President and Chief Executive Officer, will appear at the Morgan Stanley annual Laguna Conference. The event will be webcast and is scheduled to begin at 7:30AM PT on Friday, September 13, 2024. The live audio of the event will be available and can be accessed by visiting Hubbell's Investor Relations section. You can also access this information by going to www.hubbell.com and sele ...

puhimec/iStock via Getty Images Investment Thesis Company Overview Hubbell (NYSE:HUBB), founded in 1905 in Connecticut with headquarters in Shelton, CT, is a manufacturer that provides electrical and utility solutions to enable customers to operate critical infrastructure with reliability and efficiency. It has more than 75 brands serving three parts of energy infrastructure: In Front of the meter, on The Edge and Behind the Meter. It has two reportable segments: Utility Solutions and Electrical Solutions. ...

Segment Results UTILITY SOLUTIONS | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|----------------------------------|-------|----------| | (In millions) | | Six Months Ended June 30, \n2024 | | 2023 | | Net sales | $ | 1,820.5 | $ | 1,612.4 | | Operating income (GAAP measure) | | 353.6 | | 377.0 | | Amortization of acquisition-related intangible assets | | 59.6 | | 26.9 | | Transaction, integration & separation costs | | 4.2 | | — | | Adjusted operating incom ...

Adjusted diluted EPS in the second quarter 2024 excludes $0.40 of amortization of acquisition-related intangible assets and $0.03 of transaction, integration, and separation costs. Adjusted diluted EPS in the second quarter 2023 excluded $0.25 of amortization of acquisition-related intangible assets. Date:July 30, 2024 NEWS RELEASE • 2Q diluted EPS of $3.94; adjusted diluted EPS of $4.37 • Raising FY24 outlook; diluted EPS of $14.30-$14.60; adj. diluted EPS of $16.20-$16.50 Mr. Bakker continued, "Second qua ...

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.com and selecting "Investors" from the options at the bottom of the page and then "Press Releases" from the drop-down menu. ####### Shelton, CT, July 16, 2024 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) today announced it will release its second quarter 2024 financial results prior to the opening of the ...

Shelton, CT, June 04, 2024 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) is hosting its 2024 Investor Day today at the New York Stock Exchange, beginning at 8:30am ET. During the event, senior management will discuss the Company's long-term strategy for growth and margin expansion, as well as free cash flow generation and deployment. The live audio of the conference and accompanying materials will also be available and can now be accessed by visting Hubbell's website. You can access this information ...

Shelton, CT, June 04, 2024 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) is hosting its 2024 Investor Day today at the New York Stock Exchange, beginning at 8:30am ET. During the event, senior management will discuss the Company's long-term strategy for growth and margin expansion, as well as free cash flow generation and deployment. The live audio of the conference and accompanying materials will also be available and can now be accessed by visting Hubbell's website. You can access this information ...

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, 2024 ☐ 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) Connecticut 06-0 ...

Financial Data and Key Metrics Changes - Earnings per share (EPS) for the first quarter of 2024 was $3.60, flat compared to the previous year, with operating profit impacted by interest expenses from recent acquisitions [107][119] - Sales increased by 9% to $1.4 billion, with 2% organic growth and 6% inorganic growth attributed to acquisitions [23][135] - Operating profit was up 3% in dollar terms to $275 million, with a sequential margin increase of 30 basis points [23][119] Business Line Data and Key Metrics Changes - The Utility Solutions segment saw a 14% increase in sales, primarily driven by acquisitions, while organic growth was neutral due to a decline in volume [136] - The Electrical Solutions segment reported flat sales at approximately $500 million, but a 6% organic growth when excluding the impact of the residential lighting divestiture [25][119] - Grid automation experienced double-digit growth in both meters and communications, while the telcom sector faced significant declines [24][69] Market Data and Key Metrics Changes - The distribution markets are expected to grow, but current order patterns are softer due to utilities holding excess inventory [11][116] - The company anticipates a multi-year T&D investment cycle driven by aging infrastructure and electrification needs [105][106] - The telcom market is projected to decline by double digits for the full year, with expectations for a rebound in the second half [69][175] Company Strategy and Development Direction - The company is focused on grid modernization and electrification, positioning itself to meet the increasing demand for utility infrastructure [105][110] - Investments are being made in capacity expansion, particularly in transmission and substation areas, to support long-term growth [80][89] - The company aims to enhance service levels and reduce lead times to improve customer satisfaction and operational efficiency [81][82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the setup for Utility Solutions for the remainder of 2024, citing strong visibility in most markets [106][122] - The operating environment remains inflationary, but the company achieved positive price/cost/productivity in both segments [5][119] - Management noted that while the first quarter faced challenges, they expect a strong rebound in demand as inventory levels normalize [28][92] Other Important Information - The company increased its expectations for full-year restructuring investments from $0.25 billion to $0.35 billion to manage costs while investing in growth initiatives [26][89] - The company hosted over 400 utility customers at a recent conference, emphasizing the importance of customer engagement and collaboration [117] Q&A Session Summary Question: Did distribution actually grow for Hubbell in the quarter? - Management indicated that distribution markets are experiencing a normalization phase, impacting order patterns but expect a rebound as inventory levels stabilize [11][28] Question: What is the outlook for the telcom business? - The telcom business is anticipated to decline by double digits for the full year, with a potential rebound in the second half as inventory levels normalize [69][175] Question: How are utility margins expected to trend throughout the year? - Utility margins are expected to see a sequential increase in the second quarter, with a slight decline anticipated in the fourth quarter [16][70]

16 GAAP measure [b] / [a] 16.3 % 19.4 % -310 bps Adjusted operating margin [c] / [a] 19.7 % 20.7 % -100 bps | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|----------|----------|-------|----------------|----------------| | Net Sales [a] | | 2024 \n$ | \n505.1 | $ | 2023 \n503.8 | Change \n— % | | Operating Income | | | | | | | | GAAP measure [b] | | $ | 71.0 | $ | 71.3 | — % | | Amortization of acquisition-related intangible assets | | | 4.2 | | 4 ...