earnings
confidence high
sentiment positive
materiality 0.75
Hubbell Q2 adj. EPS $5.52 (+12% y/y); raises FY adj. EPS guidance to $20.25-$20.55
HUBBELL INC
- Q2 net sales +15% to $1,712M (organic +10%, M&A +5%); GAAP EPS $4.52, adj. EPS $5.52.
- Utility Solutions sales +10% to $1,026M; Electrical Solutions sales +25% to $686M.
- Acquired NSI Industries for ~$3.0B, funded with new term loan, senior notes, and commercial paper.
- FY 2026 GAAP EPS guidance $17.25-$17.55; adj. EPS raised to $20.25-$20.55 (from prior).
- Free cash flow $213M in Q2; expects ~90% FCF conversion on adj. net income for FY.