Hubbell Q1 adjusted EPS $3.61 beats; raises FY23 guidance to $13.00-$13.50

HUBBELL INC

2023-Q1 EPS reported $3.37 revenue$1,285,400,000

Q1 net sales +11% (organic +10%); diluted EPS from cont ops $3.37, adjusted $3.61.
Utility Solutions segment net sales +20% to $782M; op margin 22.7% vs 13.5% YoY.
Electrical Solutions segment net sales flat at $504M; op margin 14.2% vs 10.9% YoY.
FY23 guidance raised: diluted EPS $12.00-$12.50; adjusted $13.00-$13.50.
Q1 free cash flow $80M source vs $36M use in prior year period.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUBBELL INC reported the first quarter ended March 31, 2023 results: EPS $3.37. Guidance raised.

Period: the first quarter ended March 31, 2023
EPS: $3.37
Guidance: raised
Result: reported results

Exact text from the filing

HUBBELL REPORTS FIRST QUARTER 2023 RESULTS • Q1 diluted EPS from continuing operations of $3.37; adjusted diluted EPS from continuing operations of $3.61 • Q1 net sales +11% (organic +10%) • Operating margin expansion of 700 bps; adjusted operating margin expansion of 680 bps • Raise FY23 diluted EPS from continuing operations to $12.00-$12.50; adjusted diluted EPS of $13.00-$13.50

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Source: SEC EDGAR

accession 0001628280-23-012662

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