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Hubbell Reports Third Quarter 2025 Results
Globenewswire· 2025-10-28 11:30
Core Insights - Hubbell Incorporated reported strong third-quarter results for 2025, with double-digit adjusted earnings per diluted share growth driven by robust organic growth in Electrical Solutions and Grid Infrastructure products within the Utility Solutions segment, alongside a lower year-over-year tax rate [2][3]. Financial Performance - The Utility Solutions segment net sales increased by 1% to $944 million compared to $933 million in Q3 2024, with organic net sales also up approximately 1%. Grid Infrastructure net sales rose by about 9%, while Grid Automation net sales fell by approximately 18% [5]. - The Electrical Solutions segment net sales grew by 10% to $559 million compared to $510 million in Q3 2024, with organic net sales increasing by 8% and an acquisition contributing 1% [6]. - The effective tax rate decreased to 17.5% in Q3 2025 from 21.0% in Q3 2024, primarily due to a significant income tax benefit from an international restructuring [7]. - Adjusted diluted EPS for Q3 2025 was $5.17, compared to $4.61 in Q3 2024, reflecting a 12% increase [8][12]. Operational Highlights - The company achieved an operating margin of 22.0% in Q3 2025, up from 21.7% in Q3 2024, while the adjusted operating margin was 23.9%, compared to 23.8% in the prior year [12][36]. - Net cash provided by operating activities was $284 million in Q3 2025, an increase from $227 million in the same period of 2024. Free cash flow also rose to $254 million from $189 million year-over-year [9]. Outlook - For the full year 2025, Hubbell anticipates diluted EPS in the range of $16.55-$16.75 and adjusted diluted EPS between $18.10-$18.30, with total sales growth and organic net sales growth expected to be 3-4% [10][11].
Itron Unveils Gen6™ Network Platform and UtilityIQ® Application Suite, Strengthening Industry Interoperability
Globenewswire· 2025-10-22 12:45
Core Insights - Itron, Inc. has launched its Gen6™ network platform and the latest UtilityIQ® application suite, enhancing interoperability and reducing integration complexity for utility telecom strategies [1][2][3] Group 1: Product Launch and Features - The Gen6 network platform extends cellular connectivity to endpoints and introduces new battery-powered mesh technology for gas and water devices, enabling distributed intelligence interoperability [1][3] - UtilityIQ now connects over 300 unique device types from nearly 100 manufacturers, streamlining device and network management under a unified headend [4] - The Gen6 platform is backward compatible with previous generations, allowing for seamless integration of next-gen devices into existing deployments [3][4] Group 2: Benefits and Strategic Implications - The new platform allows utilities to develop telecom strategies that can evolve over decades without significant IT or integration costs, enhancing long-term flexibility [2][6] - It offers greater return on investment by balancing performance with budget realities, facilitating scalability for utilities [6] - The platform supports peer-to-peer networking and is designed to be resilient and secure, ensuring dependable performance across diverse locations [6] Group 3: Availability and Future Developments - The Gen6 network platform and UtilityIQ will be available in Q4 2025, with initial products including various Itron ERT Modules and gas meters [5][7] - Future announcements will include new electric meters featuring Gen6 networking technology [7]
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]