earnings
confidence high
sentiment positive
materiality 0.75
Hubbell Q4 net sales +20% (organic +16%); EPS $1.81; guides FY22 adj. EPS $8.75-$9.25
HUBBELL INC
2021-FY EPS reported
$7.28
revenue$4,194,100,000
- Q4 diluted EPS from continuing ops $1.81; adjusted diluted EPS $2.07; net sales +20% (organic +16%) to ~$1.10B.
- FY 2021 diluted EPS $6.66; adjusted EPS $8.05. FY22 guidance: diluted $7.75-$8.25; adjusted $8.75-$9.25.
- Electrical Solutions Q4 sales $489M (+22%); operating margin 13.0% (adj. 13.7%) up from 10.3% (adj. 11.2%).
- Utility Solutions Q4 sales $612M (+19%); operating margin 11.6% (adj. 14.1%) down from 14.2% (adj. 17.1%).
- Free cash flow Q4 $206M vs $121M prior year; full-year free cash flow conversion expected 90-100% of adj. net income.