Revenue Segments - Utility Solutions segment accounted for 64% of consolidated revenues in 2024, up from 61% in 2023 and 58% in 2022[15] - Electrical Solutions segment represented 36% of consolidated revenues in 2024, down from 39% in 2023 and 42% in 2022[18] - The company generated $187.1 million in sales from its residential lighting business in 2023, which was sold for $131 million in December 2023[20] Order Backlog - The backlog of orders at December 31, 2024, was $1,898 million, down from $2,328 million at December 31, 2023[29] Customer Base - Approximately 41% of net sales are attributed to the top ten customers, indicating a diverse customer base[24] - Top ten customers account for approximately 41% of Hubbell's net sales, indicating a diversified customer base[24] Employee Engagement and Development - Over 88% of Hubbell's employees participated in the Elevate Employee Experience Survey in 2024, indicating strong engagement[40] - Hubbell launched "Align 2027" in mid-2024 to help employees understand the company's long-term strategies and their roles[40] - Hubbell has expanded its leadership development programs and learning management system, known as Hubbell University, to enhance employee training and career development[37] - The company provides up to 8 hours of paid time off annually for employees to volunteer with eligible charities, promoting community engagement[38] - Hubbell's labor relations are considered satisfactory, with approximately 2,470 U.S. employees represented by 8 labor unions[35] Patents and Innovation - The company has approximately 3,100 active patents, which are deemed valuable but not critical to its business operations[26] - The company has approximately 3,100 active United States and foreign patents, which cover a portion of its products[26] - The company emphasizes product performance, reliability, quality, and technological innovation as key competitive factors[30] Environmental Compliance - The company is committed to environmental compliance and believes its practices prevent unreasonable risks of environmental damage[32] - Hubbell has incurred costs related to environmental lawsuits and claims but does not anticipate a material adverse effect on its financial condition[33] Supply Chain - The company maintains a diverse supply chain, not materially dependent on any single supplier for raw materials[25] Market Support - The Utility Solutions segment supports various markets, including electrical distribution, transmission, water, gas distribution, telecommunications, and renewable energy[15] - The Utility Solutions segment supports various markets, including electrical distribution, transmission, water, gas distribution, and telecommunications[15] Brand and Distribution - Hubbell's products are sold under various brands, including Aclara®, Hubbell®, and Burndy®, across multiple distribution channels[16][21] Employment Statistics - As of December 31, 2024, the company employed approximately 17,700 employees, with 60% located in the United States[35] - As of December 31, 2024, Hubbell had approximately 17,700 employees, with 60% (about 10,600) located in the United States[35]

Group 1 - Shares of Hubbell Incorporated (NYSE: HUBB) are trading at the lower end of its 52-week range [1] - The recently filed quarterly report showed a slight miss on revenues [1] - The 2025 EPS guidance came in line with consensus expectations [1]

Group 1 - The Board of Directors of Hubbell Incorporated has approved a new share repurchase authorization of up to $500 million, which will expire in February 2028 [1] - This new share repurchase program is in addition to the existing program that is set to expire in October 2025, with a remaining authorization of $260 million as of December 31, 2024 [1] Group 2 - Hubbell Incorporated is a leading manufacturer of utility and electrical solutions, with 2024 revenues reported at $5.6 billion [2] - The company enables customers to operate critical infrastructure safely, reliably, and efficiently [2] - The corporate headquarters of Hubbell Incorporated is located in Shelton, CT [2]

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 ...