Highest-materiality recent filing
Hubbell Q2 adj. EPS $5.52 (+12% y/y); raises FY adj. EPS guidance to $20.25-$20.55
Q2 net sales +15% to $1,712M (organic +10%, M&A +5%); GAAP EPS $4.52, adj. EPS $5.52.
Hubbell completes $3.0B cash acquisition of NSI Industries
Acquired all outstanding stock of NSI Industries for $3.0 billion in cash, subject to customary adjustments.
Hubbell prices $1.9B senior notes offering to fund NSI acquisition
Issued $1.9B senior notes: $500M 4.650% due 2031, $700M 4.900% due 2033, $700M 5.150% due 2036.
Hubbell signs $900M term loan agreement to finance NSI Acquisition
Unsecured term loan of up to $900M to fund the NSI stock purchase, repay NSI debt, and pay fees.
Hubbell to acquire NSI Industries for $3.0B cash; ~15.5x 2026 EBITDA
Purchase price $3.0B in cash (subject to customary adjustments); ~15.5x NSI's anticipated 2026 EBITDA.
Hubbell Q1 adj. EPS $3.93 (+16% y/y), raises FY2026 adj. EPS guidance to $19.30-$19.85
Q1 diluted EPS $3.41 GAAP; adjusted diluted EPS $3.93, up 16% vs. $3.39 prior year.
Hubbell Q4 adj EPS $4.73 (+15% y/y), guides FY26 adj EPS $19.15-$19.85
Q4 net sales +12% to $1.493B (organic +9%); Utility Solutions +10%, Electrical Solutions +14%.
Hubbell Q3 adj. EPS $5.17 beats; raises FY2025 adj. EPS outlook to $18.10-$18.30
Q3 diluted EPS $4.77; adjusted diluted EPS $5.17, up double-digit YoY.
Hubbell completes $825M DMC Power acquisition funded by $600M term loan
Acquired DMC Power, a provider of connectors and tooling for utility substation and transmission markets.
Hubbell CFO William Sperry to retire; Joseph Capozzoli named successor effective Jan 1, 2026
William Sperry retires as CFO Dec 31, 2025 after 14 years in role; will remain EVP into 2026.
Hubbell to acquire DMC Power for $825M; expects 2026 accretion
Acquisition of DMC Power, a provider of utility substation and transmission connectors, for $825M in cash.
Hubbell Q2 2025 diluted EPS $4.56, adj EPS $4.93; raises FY guidance to $16.25-$16.75
2Q net sales +2% (organic +2%); diluted EPS $4.56, adjusted diluted EPS $4.93.
Hubbell Q1 2025 adj. EPS $3.50; Utility Solutions sales -4%; reaffirms FY guidance
Q1 2025 diluted EPS $3.15, adjusted diluted EPS $3.50; net sales $1.365B down 2% YoY.
Hubbell Q4 adjusted EPS $4.10, up 11% YoY; guides FY25 adj EPS $17.35-$17.85
Q4 GAAP EPS $3.64, adjusted $4.10; net sales -1% (organic -3%, M&A +3%).
Hubbell Q3 adjusted EPS $4.49 (+14% YoY), raises FY2024 adj. EPS guidance to $16.35-$16.55
3Q net sales +5% to $1.443B; organic -1%, M&A +6%; Utility Solutions sales +11%, Electrical Solutions -5%.
Hubbell Q2 adjusted EPS $4.37, raises FY24 outlook; net sales +6%
2Q diluted EPS $3.94; adjusted diluted EPS $4.37 vs $4.24 prior year.
Hubbell Q1: GAAP EPS $2.73, adj. $3.60; net sales +9%; FY24 adj. EPS guidance $16.00-$16.50
Q1 diluted EPS $2.73, adjusted $3.60; net sales +9% (organic +2%, M&A +6%).
Hubbell Q4 EPS $3.16, adjusted $3.69; sales +10%; guides FY24 adj. EPS $16.00-$16.50
Q4 diluted EPS from continuing ops $3.16; adjusted diluted EPS $3.69 (excludes $0.32 amortization, $0.21 transaction costs).
Hubbell completes $1.1B acquisition of Systems Control; funds with $600M term loan
Completed acquisition of Systems Control (Northern Star Holdings) on Dec 12, 2023, for $1.1B in cash.
Hubbell Q3 sales +5%, adj EPS $3.95; raises FY23 EPS guidance to $14-$14.25
Q3 2023 diluted EPS from continuing ops $3.70; adjusted diluted EPS $3.95.
Hubbell to acquire Systems Control for $1.1B in cash; ~12x projected 2024 EBITDA
Purchase price $1.1B in cash, subject to net debt/working capital adjustments; implies ~12x projected 2024 EBITDA.
Hubbell Q2 adj EPS $4.07 beats; raises FY23 adj EPS guidance to $14.75-$15.25
Q2 diluted EPS $3.82, adjusted $4.07; net sales +9% to ~$1.37B (organic +6%, acquisitions +3%).
Hubbell Q1 adjusted EPS $3.61 beats; raises FY23 guidance to $13.00-$13.50
Q1 net sales +11% (organic +10%); diluted EPS from cont ops $3.37, adjusted $3.61.
Hubbell Q4 EPS $2.27 ($2.60 adj); FY2023 adj EPS guidance $11.00-$11.50
Q4 net sales +11% (organic +10%) to $1.219B; Utility Solutions sales +17% to $716M.
Hubbell Q3 EPS $2.78 ($3.08 adjusted), sales +21%; raises FY22 guidance
Q3 diluted EPS $2.78; adjusted EPS $3.08; net sales +21% (organic +20%) YoY.
Hubbell Q2 EPS $2.51 ($2.81 adj.); raises FY22 EPS guidance to $8.25-$8.65 ($9.40-$9.80 adj.)
Q2 net sales +19% to $1.257B; organic +20%; operating cash flow $188.6M, free cash flow $168.1M.
Hubbell Q1 EPS $1.88, adj $2.12; raises FY22 adj EPS guidance to $9.00-$9.40
Q1 diluted EPS $1.88, adjusted EPS $2.12; net sales $1,156M (+21% organic YoY).
Hubbell Q4 net sales +20% (organic +16%); EPS $1.81; guides FY22 adj. EPS $8.75-$9.25
Q4 diluted EPS from continuing ops $1.81; adjusted diluted EPS $2.07; net sales +20% (organic +16%) to ~$1.10B.
Hubbell completes sale of Commercial and Industrial Lighting business to GE Current
Sale to GE Current, a Daintree company, closed on February 1, 2022.
Hubbell sells Commercial & Industrial Lighting business to GE Current for $350M cash
Purchase price of $350M in cash, subject to customary working capital and net indebtedness adjustments.
Hubbell Q3 2021 EPS $1.98, adjusted $2.24; sales up 9%; guides FY21 adjusted EPS $8.30-$8.50
Q3 net sales +9% to $1.21B; organic +5%; price realization of +7%.
Hubbell Q2 EPS $1.74 ($2.36 adj); raises FY21 adj. EPS guidance to $8.50-$8.80
Q2 net sales $1.192B (+26% YoY, organic +21%); diluted EPS $1.74, adjusted $2.36.
On November 19, 2024, the Board of Directors (the “Board”) of Hubbell Incorporated (the “Company”) elected Garrick J. Rochow as an independent director of the Company, effective as of that date (the “Effective Date”).
John G. Russell notified Hubbell Incorporated (“Hubbell”) of his intention to retire and not stand for reelection upon the expiration of his term as a Director at Hubbell’s 2024 Annual Meeting of Shareholders.
On June 24, 2023, the Board of Directors (the “Board”) of Hubbell Incorporated (the “Company”) appointed Debra L. Dial as an independent director of the Company, effective as of July 1, 2023
On June 6, 2023, Hubbell Incorporated (the “Company”) and Mr. Allan Connolly, the President of the Hubbell Utility Solutions (“HUS”) segment, agreed that Mr. Connolly would retire from the Company, effective on July 1, 2023 (the “Separation Date”).
On September 23, 2022, Hubbell Incorporated (the “Company”) and Mr. Peter J. Lau, the Company’s President, Electrical Solutions Segment, agreed that Mr. Lau would depart from the Company effective September 30, 2022.
On February 9, 2022, Stephen M. Mais, the Senior Vice President, Human Resources of Hubbell Incorporated (the “Company”), informed the Company of his decision to retire, effective February 11, 2022.
Max materiality 0.90 · Median 0.70 · Most common event earnings