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Jun 30, 2025
Hubbell Q2 2025 Earnings Report
Hubbell reported higher revenue and earnings in Q2 2025, with EPS growing on improved margins and solid performance in both business segments.
Key Takeaways
Hubbell delivered strong second quarter results, with revenue and adjusted EPS both increasing. Growth was supported by strength in Grid Infrastructure and Electrical Solutions, while margin expansion and inventory accounting changes further boosted profitability.
Revenue grew 2% year-over-year to $1.48 billion, driven by organic growth in both major segments.
Adjusted EPS rose to $4.93, supported by favorable price realization and productivity.
Net income reached $244.2 million, reflecting margin improvements and lower COGS from the inventory accounting shift.
Free cash flow improved to $220.7 million, indicating strong cash generation despite capital expenditures.
Revenue by Segment
Forward Guidance
Hubbell raised its full-year 2025 adjusted EPS guidance and expects mid single-digit organic growth and operating margin expansion.
Positive Outlook
- Adjusted EPS raised to $17.65–$18.15 for full year 2025
- Expected mid single-digit organic sales growth
- Ongoing adjusted operating margin expansion
- Strong free cash flow conversion expected (~90%)
- Stable tax rate guidance between 22.0% and 22.5%
Challenges Ahead
- Grid Automation sales declined double digits in the quarter
- Higher cost inflation and tariffs impacted margins
- Inventory build impacted working capital
- Continued pressure from weak AMI project activity
- Modest restructuring-related costs anticipated (~$20M for FY)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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