earnings
confidence high
sentiment positive
materiality 0.85
Hubbell Q1 EPS $1.88, adj $2.12; raises FY22 adj EPS guidance to $9.00-$9.40
HUBBELL INC
2022-Q1 EPS reported
$3.31
revenue$1,156,100,000
- Q1 diluted EPS $1.88, adjusted EPS $2.12; net sales $1,156M (+21% organic YoY).
- Electrical Solutions sales $504M (+19%); adj op margin 11.6% vs 12.4% prior year.
- Utility Solutions sales $652M (+22%); adj op margin 15.7% vs 14.8% prior year.
- FY22 diluted EPS guidance raised to $8.00-$8.40, adjusted EPS $9.00-$9.40; organic sales growth 11-13%.
- Free cash flow -$35.8M in Q1 due to working capital build for strong demand.