Hubbell Earnings Reports

Hubbell Incorporated reported their Q4 2024 earnings, with diluted EPS of $3.64 and adjusted diluted EPS of $4.10, up 11% year-over-year. Net sales decreased by 1%, with organic sales down 3% but net M&A contributing a 3% increase. The operating margin was 19.3%, and the adjusted operating margin increased to 21.8%, up 240 bps year-over-year. The company anticipates continued growth in net sales, operating margin, operating profit, and free cash flow for 2025.

Hubbell's Q3 2024 results showed a 5% increase in net sales and a 14% rise in adjusted diluted EPS. The Utility Solutions segment saw growth in transmission, substation, and grid protection markets, while the Electrical Solutions segment was driven by datacenter and renewables verticals.

Hubbell Incorporated reported solid performance in the second quarter of 2024, with strong operational execution and a return to adjusted operating margin expansion. The company's vertical market strategy drove strong sales growth in datacenters and renewables, while unification and simplification efforts contributed to significant operating margin expansion in the HES segment. The company is raising its full year 2024 outlook.

Hubbell reported a 9% increase in net sales, driven by organic growth and acquisitions. The company reaffirms its full-year outlook for diluted EPS of $14.10-$14.60 and adjusted diluted EPS of $16.00-$16.50.

Hubbell Incorporated reported fourth quarter and full year results for the period ended December 31, 2023. The company's Q4 diluted EPS from continuing operations was $3.16, and adjusted diluted EPS from continuing operations was $3.69. Net sales from continuing operations increased by 10% (organic +8%).

Hubbell's Q3 2023 results showed a 5% increase in net sales and significant margin expansion. The company's performance reflects continued execution off of a strong first half in 2023.

Hubbell reported strong Q2 2023 results with a 9% increase in net sales and a 50% increase in operating profit. The company is raising its full-year 2023 diluted EPS guidance.

Hubbell reported a strong start to 2023, with robust demand for products and solutions driving net sales growth of 11% and organic growth of 10%. The company is raising its full-year EPS guidance due to the strong first quarter results.

Hubbell Incorporated reported strong Q4 2022 results, with net sales increasing by 11% and organic net sales growing by 10%. Diluted EPS from continuing operations was $2.27, and adjusted diluted EPS was $2.60. The company's performance was driven by attractive markets, strong price realization, and consistent execution.

Hubbell reported a strong third quarter with net sales up 21% and organic sales up 20%. Diluted EPS was $2.78, and adjusted diluted EPS was $3.08. The company raised its full-year EPS guidance to $9.10-$9.30 and adjusted diluted EPS to $10.25-$10.45.

Hubbell reported strong Q2 2022 results, with a 19% increase in net sales and a 20% organic net sales growth. The company's diluted EPS was $2.51, and adjusted diluted EPS was $2.81. Hubbell also raised its full-year 2022 diluted EPS guidance to $8.25-$8.65 and adjusted diluted EPS to $9.40-$9.80. Additionally, Hubbell closed on two bolt-on acquisitions in July, PCX and Ripley Tools.

Hubbell reported a strong first quarter in 2022, with a 21% increase in organic net sales, driven by both price and volume growth. Diluted EPS was reported at $1.88, and adjusted diluted EPS at $2.12. The company has raised its full-year 2022 diluted EPS guidance to $8.00-$8.40 and adjusted diluted EPS to $9.00-$9.40.

Hubbell Incorporated reported a strong finish to 2021, with Q4 sales growth of 20% and diluted EPS from continuing operations of $1.81. The company successfully navigated a dynamic supply chain environment, with end markets remaining strong due to grid modernization and electrification. Hubbell anticipates attractive double digit year-over-year growth in adjusted earnings per share for 2022.

Hubbell Incorporated reported strong Q3 2021 results with a 9% increase in net sales and adjusted earnings per diluted share of $2.24. The company successfully navigated material inflation and supply chain disruptions through price increases and productivity initiatives. Strong customer demand in Utility and Electrical businesses drove significant orders growth, and the company updated its FY21 adjusted diluted EPS guidance to $8.30-$8.50.

Hubbell's Q2 2021 earnings showcased strong performance with a 26% increase in net sales (21% organic) and adjusted diluted EPS of $2.36. The company updated its FY21 reported diluted EPS to $7.05-$7.35 and raised its adjusted diluted EPS to $8.50-$8.80.

Hubbell achieved year-over-year earnings growth and adjusted operating margin expansion in the first quarter. The company saw improvement in demand across each of its end markets, reflected in sequential sales growth in the quarter, as well as strengthening orders across both segments.

Hubbell's Q4 2020 results showed a decrease in net sales by 6%, with organic sales declining by 7% and acquisitions contributing 1%. The company closed three accretive bolt-on acquisitions during the quarter. Diluted EPS was reported at $1.48, while adjusted diluted EPS reached $1.76.

Hubbell reported Q3 2020 earnings with operating margin expansion and strong free cash flow generation, driven by strength in Electrical T&D due to grid modernization trends, which offset softness in other end markets. The company is raising its FY20 diluted EPS guidance to $6.30-$6.45 and adjusted EPS to $7.45-$7.60.

Hubbell reported Q2 2020 earnings with a diluted EPS of $1.62 and an adjusted diluted EPS of $1.87. Despite a challenging economic environment, the company delivered operating margin expansion and strong free cash flow generation. The company is reinstating FY20 diluted EPS guidance of $6.00-$6.25 and adjusted EPS of $7.00-$7.25.

Hubbell's Q1 2020 earnings showed flat net sales and solid operating performance, driven by strong demand in utility markets. The company faced challenges from COVID-19 disruptions, which impacted earnings by approximately $0.10 per diluted share. Despite these headwinds, Hubbell maintained strong free cash flow and implemented cost management actions to navigate the uncertain environment.

Hubbell Incorporated reported Q4 2019 results with a 4% decrease in net sales, driven by a decline in the Electrical segment, while the Power segment saw a slight increase. The company's diluted EPS was $1.85, and adjusted diluted EPS was $1.91. Despite market uncertainties, Hubbell is implementing cost actions and operational improvements.