earnings
confidence high
sentiment positive
materiality 0.75
Hubbell Q3 EPS $2.78 ($3.08 adjusted), sales +21%; raises FY22 guidance
HUBBELL INC
2022-Q3 EPS reported
$8.14
revenue$3,728,300,000
- Q3 diluted EPS $2.78; adjusted EPS $3.08; net sales +21% (organic +20%) YoY.
- Utility Solutions sales +29% to $775M; Electrical Solutions +12% to $542M.
- Operating margin expanded 200 bps; adjusted operating margin up 190 bps.
- Full-year 2022 diluted EPS guidance raised to $9.10-$9.30; adjusted EPS $10.25-$10.45.
- Free cash flow from continuing ops $219.6M; free cash flow $194.3M vs $72.5M prior year.