Hubbell Q3 sales +5%, adj EPS $3.95; raises FY23 EPS guidance to $14-$14.25

HUBBELL INC

2023-Q3 EPS reported $10.89 revenue$4,027,100,000

Q3 2023 diluted EPS from continuing ops $3.70; adjusted diluted EPS $3.95.
Net sales +5% YoY to $1.376B; organic +4%, acquisitions +1%.
Utility Solutions segment sales up 8% to $838M; Electrical Solutions down 1% to $538M.
Full year 2023 EPS guidance raised to $14.00-$14.25; adjusted EPS $15.00-$15.25.
Free cash flow in Q3 was $159M; FY23 free cash flow expected >$700M.

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 third quarter and nine months ended September 30, 2023 results: EPS Q3 diluted EPS from continuing operations of $3.70; adjusted diluted EPS from continuing operations of $3.95. Guidance raised.

Period: the third quarter and nine months ended September 30, 2023
EPS: Q3 diluted EPS from continuing operations of $3.70; adjusted diluted EPS from continuing operations of $3.95
Guidance: raised
Result: reported results

Exact text from the filing

On October 31, 2023, Hubbell Incorporated (the “Company”) issued a press release announcing results for the third quarter and nine months ended September 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-035607

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