earnings
confidence high
sentiment positive
materiality 0.80
Hubbell Q2 EPS $1.74 ($2.36 adj); raises FY21 adj. EPS guidance to $8.50-$8.80
HUBBELL INC
2021-Q2 EPS reported
$3.16
revenue$2,270,200,000
- Q2 net sales $1.192B (+26% YoY, organic +21%); diluted EPS $1.74, adjusted $2.36.
- Electrical Solutions sales $603M (+29% YoY); operating margin 12.7% (adj. 13.4%).
- Utility Solutions sales $589M (+23% YoY) driven by grid modernization; adj. operating margin 15.7%.
- Full-year 2021 adj. EPS guidance raised to $8.50-$8.80; reported EPS $7.05-$7.35.
- Q2 free cash flow $131M; company cites supply chain cost pressure and price/material headwinds.