earnings
confidence high
sentiment neutral
materiality 0.75
Hubbell Q3 2021 EPS $1.98, adjusted $2.24; sales up 9%; guides FY21 adjusted EPS $8.30-$8.50
HUBBELL INC
2021-Q3 EPS reported
$5.14
revenue$3,483,800,000
- Q3 net sales +9% to $1.21B; organic +5%; price realization of +7%.
- Q3 GAAP diluted EPS $1.98; adjusted diluted EPS $2.24 (excludes $0.26 amortization).
- Electrical Solutions sales +11% to $612M; adjusted operating margin 12.4% (vs 12.7% YoY).
- Utility Solutions sales +8% to $602M; adjusted operating margin 16.3% (vs 20.0% YoY) due to inflation and supply chain costs.
- Full-year 2021 guidance: reported EPS $6.85-$7.05; adjusted EPS $8.30-$8.50; free cash flow conversion ~100% of adjusted net income.