Hubbell Q1: GAAP EPS $2.73, adj. $3.60; net sales +9%; FY24 adj. EPS guidance $16.00-$16.50

HUBBELL INC

2024-Q1 EPS reported $2.73 revenue$1,399,100,000

Q1 diluted EPS $2.73, adjusted $3.60; net sales +9% (organic +2%, M&A +6%).
Utility Solutions net sales +14% to $894M; operating margin 17.6% (adj. 21.8%).
Electrical Solutions net sales flat at $505M; operating margin 14.1% (adj. 15.8%).
FY24 guidance: diluted EPS $14.10-$14.60, adjusted $16.00-$16.50; free cash flow ~$800M.
Residential lighting business sold for $131M cash; pre-tax loss of $5.3M recorded.

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 first quarter ended March 31, 2024 results: EPS Q1 diluted EPS of $2.73; adjusted diluted EPS of $3.60. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
EPS: Q1 diluted EPS of $2.73; adjusted diluted EPS of $3.60
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Hubbell Incorporated (the “Company”) issued a press release announcing results for the first quarter and three months ended March 31, 2024.

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Source: SEC EDGAR

accession 0001628280-24-019191

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