Hubbell Q4 EPS $3.16, adjusted $3.69; sales +10%; guides FY24 adj. EPS $16.00-$16.50

HUBBELL INC

2023-FY EPS reported $14.05 revenue$5,372,900,000

Q4 diluted EPS from continuing ops $3.16; adjusted diluted EPS $3.69 (excludes $0.32 amortization, $0.21 transaction costs).
Q4 net sales +10% YoY (organic +8%); Utility Solutions +13%, Electrical Solutions +6%.
FY 2023 diluted EPS $14.05; adjusted $15.33; FY 2024 adj. EPS guidance $16.00-$16.50 on 8-10% total sales growth.
Acquired Northern Star Holdings (Systems Control) for ~$1.1B; entered agreement to sell residential lighting for $131M, expected close Q1 2024.

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 0.95

HUBBELL INC reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 30, 2024, Hubbell Incorporated (the “Company”) issued a press release announcing results for the fourth quarter and full year ended December 31, 2023.

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HUBBELL INC filing history →

Source: SEC EDGAR

accession 0001628280-24-002494

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