Hubbell Q2 2020 Earnings Report
Key Takeaways
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.
Q2 net sales decreased by 21% (organic -21%).
Q2 diluted EPS was $1.62; adjusted diluted EPS was $1.87, including restructuring and related investment ($0.09).
Q2 Free Cash Flow was $178 million.
FY20 diluted EPS guidance is reinstated at $6.00-$6.25; adjusted EPS is $7.00-$7.25.
Hubbell
Hubbell
Forward Guidance
For the full year 2020, Hubbell anticipates earnings per diluted share in the range of $6.00-$6.25 and adjusted diluted earnings per share in the range of $7.00-$7.25. The Company expects free cash flow to exceed $500 million in 2020.