Hubbell Reports First Quarter 2025 Results

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$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$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].