secwatch.observer — SEC 8-K summary
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Issuer:     HUBBELL INC (HUBB)
CIK:        0000048898
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001628280-24-044010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hubbell Q3 adjusted EPS $4.49 (+14% YoY), raises FY2024 adj. EPS guidance to $16.35-$16.55
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- 3Q net sales +5% to $1.443B; organic -1%, M&A +6%; Utility Solutions sales +11%, Electrical Solutions -5%.
- 3Q GAAP diluted EPS $4.05; adjusted diluted EPS $4.49, up 14% YoY; adjusted operating margin 23.2% (+180 bps).
- FY2024 adjusted EPS guidance raised to $16.35-$16.55 (from prior $15.80-$16.00); GAAP EPS outlook $14.20-$14.40.
- Utility Solutions operating margin expanded to 25.3% (adj.); Electrical Solutions margin improved to 19.4%.
- Free cash flow of $189M in Q3; full-year FCF expected ~$800M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48898/000162828024044010/0001628280-24-044010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48898/000162828024044010/hubb-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044010

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