secwatch.observer — SEC 8-K summary
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Issuer:     HUBBELL INC (HUBB)
CIK:        0000048898
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001628280-24-019191
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48898/000162828024019191/0001628280-24-019191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48898/000162828024019191/hubb-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019191

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