secwatch.observer — SEC 8-K summary
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Issuer:     HUBBELL INC (HUBB)
CIK:        0000048898
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001628280-24-002494
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48898/000162828024002494/0001628280-24-002494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48898/000162828024002494/hubb-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002494

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer