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Dec 31, 2024
Hubbell Q4 2024 Earnings Report
Hubbell reported Q4 2024 earnings with adjusted EPS up 11% y/y and operating margin expansion.
Key Takeaways
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.
Q4 diluted EPS was $3.64; adjusted diluted EPS was $4.10 (up 11% y/y).
Q4 net sales decreased by 1% (organic -3%; net M&A +3%).
Q4 operating margin was 19.3%; adjusted operating margin was 21.8% (up 240bps y/y).
FY 2025 diluted EPS is expected to be in the range of $16.00-$16.50; adjusted diluted EPS of $17.35-$17.85.
Revenue by Segment
Forward Guidance
For the full year 2025, Hubbell anticipates total sales growth and organic sales growth of 4-5%. Hubbell expects 2025 GAAP diluted earnings per share from continuing operations in the range of $16.00 to $16.50 and adjusted diluted earnings per share from continuing operations (“Adjusted EPS”) in the range of $17.35 to $17.85. The Company expects full year 2025 free cash flow conversion of 90% or greater on adjusted net income.
Positive Outlook
- Total sales growth of 4-5%
- Organic sales growth of 4-5%
- GAAP diluted earnings per share from continuing operations in the range of $16.00 to $16.50
- Adjusted diluted earnings per share from continuing operations in the range of $17.35 to $17.85
- Full year 2025 free cash flow conversion of 90% or greater on adjusted net income
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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