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Sep 30, 2020
Hubbell Q3 2020 Earnings Report
Reported earnings per diluted share of $1.96 and adjusted earnings per diluted share of $2.30.
Key Takeaways
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.
Q3 net sales decreased by 8% (organic -8%).
Q3 diluted EPS was $1.96; adjusted diluted EPS was $2.30, including restructuring and related investment ($0.07).
Year-to-date free cash flow reached $404 million, a 29% increase year-over-year.
Full year 2020 diluted EPS guidance raised to $6.30-$6.45; adjusted EPS of $7.45-$7.60.
Forward Guidance
For the full year 2020, Hubbell now anticipates earnings per diluted share in the range of $6.30-$6.45 and adjusted diluted earnings per share in the range of $7.45-$7.60. The Company expects free cash flow to be approximately $550 million in 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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