earnings
confidence high
sentiment positive
materiality 0.80
Hubbell Q2 EPS $2.51 ($2.81 adj.); raises FY22 EPS guidance to $8.25-$8.65 ($9.40-$9.80 adj.)
HUBBELL INC
2022-Q2 EPS reported
$5.57
revenue$2,412,100,000
- Q2 net sales +19% to $1.257B; organic +20%; operating cash flow $188.6M, free cash flow $168.1M.
- Utility Solutions sales +24% to $729M; operating margin 15.3% (adj. 17.2%) vs 12.4% (15.1%) YoY.
- Electrical Solutions sales +13% to $528M; operating margin 15.0% (adj. 15.7%) vs 14.9% (15.6%) YoY.
- Closed bolt-on acquisitions of PCX (datacenter power systems) and Ripley Tools (specialty tools) in July.
- FY22 diluted EPS guidance raised to $8.25-$8.65; adjusted EPS $9.40-$9.80; total sales growth +14-16%.