Back to Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 1-2958 HUBBELL INCORPORATED (Exact name of registrant as specified in its charter) (State or other ...

First Quarter 2025 Earnings Call Certain terms used in this presentation or in our earnings press release, including "Net debt", "Free Cash Flow", "Organic net sales", "Organic net sales growth", "Restructuring-related costs", "Adjusted EBITDA", and certain "adjusted" measures, are defined under the section entitled "Non-GAAP Definitions." See Appendix, our press releases and SEC filings for more information. 2 Key Messages May 1, 2025 Forward Looking Statements and Non-GAAP Measures Forward Looking Stateme ...

For the quarter ended March 2025, Hubbell (HUBB) reported revenue of $1.37 billion, down 2.4% over the same period last year. EPS came in at $3.50, compared to $3.60 in the year-ago quarter.The reported revenue represents a surprise of -1.42% over the Zacks Consensus Estimate of $1.38 billion. With the consensus EPS estimate being $3.73, the EPS surprise was -6.17%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Hubbell (HUBB) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 Please be advised today's conference is being recorded. I would now like to hand the conference over to your speaker today, Dan Imerov. You may begin. Speaker1 Thanks, operator. Good morning, everyone, and thank you for joining us. Earlier this morning, we issued a press release announcing our results for the first quarter of twenty twenty five. The press release and slides are posted to the Investors section of our website at hubbell.co ...

Hubbell (HUBB) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Dan Innamorato - VP - IR & Corporate StrategyGerben Bakker - Chairman, President & CEOWilliam Sperry - Executive VP & CFOJeffrey Sprague - Founder and Managing PartnerSteve Tusa - Managing DirectorNigel Coe - Managing DirectorChris Snyder - Executive DirectorTommy Moll - Managing DirectorJoseph O'Dea - Managing DirectorBrett Linzey - Executive Director Conference Call Participants Julian Mitchell - Equity Research AnalystNico ...

Hubbell (HUBB) came out with quarterly earnings of $3.50 per share, missing the Zacks Consensus Estimate of $3.73 per share. This compares to earnings of $3.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.17%. A quarter ago, it was expected that this electrical products manufacturer would post earnings of $4.02 per share when it actually produced earnings of $4.10, delivering a surprise of 1.99%.Over the last four quarte ...

Financial Performance - Q1 2025 diluted EPS was $3.15, with adjusted diluted EPS at $3.50[4] - Q1 2025 net sales decreased by 2%, with organic sales down 0.6% and net M&A impact of -1.2%[4] - Q1 2025 operating margin was 17.5%, while adjusted operating margin was 19.3%[4] - Full year 2025 diluted EPS outlook is projected between $15.95 and $16.45, with adjusted EPS between $17.35 and $17.85[12] - Free cash flow for Q1 2025 was $11 million, down from $52 million in the same period of 2024[11] - Organic net sales for the three months ended March 31, 2025, were $1,365.2 million, a decrease from $1,399.1 million in the same period of 2024[29] - Net sales for Q1 2025 were $1,365.2 million, a decrease of 2% compared to $1,399.1 million in Q1 2024[37] - Adjusted operating income for Q1 2025 was $263.9 million, down 4% from $275.2 million in Q1 2024[37] - The operating margin for Q1 2025 was 19.3%, a decrease of 40 basis points from 19.7% in Q1 2024[37] - Adjusted EBITDA for Q1 2025 was $285.7 million, a slight decrease of 1% from $288.4 million in Q1 2024[42] Segment Performance - Electrical Solutions segment achieved organic growth of 5%, driven by strength in datacenter markets[3] - Utility Solutions segment net sales decreased 4% to $857 million, with Grid Automation sales down approximately 15%[8] - Segment operating income for Utility Solutions was $160 million, or 18.7% of net sales, compared to $158 million, or 17.6% in Q1 2024[8] - Adjusted operating income for Electrical Solutions was $84 million, or 16.5% of net sales, up from $80 million, or 15.8% in Q1 2024[9] - The operating income for the Utility Solutions segment was $160.0 million, a 2% increase from $157.5 million in Q1 2024[37] Income and Cash Flow - Net income attributable to Hubbell Incorporated increased by 15% to $169.7 million in Q1 2025, compared to $147.8 million in Q1 2024[35] - Basic earnings per share for Q1 2025 were $3.16, a 15% increase from $2.75 in Q1 2024[35] - Net income for Q1 2025 rose to $171.0 million, a 15% increase from $149.1 million in Q1 2024[42] - Net cash provided by operating activities was $37.4 million in Q1 2025, down from $92.2 million in Q1 2024[33] - Free cash flow for Q1 2025 was $11.4 million, significantly lower than $51.9 million in Q1 2024[47] Balance Sheet - Total assets as of March 31, 2025, were $6,922.1 million, up from $6,679.1 million at the end of 2024[31] - Cash and cash equivalents increased to $346.9 million from $329.1 million at the end of 2024[31] - The company reported a total current liabilities of $1,938.3 million as of March 31, 2025, compared to $1,274.2 million at the end of 2024[31] - Total debt increased to $1,860.1 million as of March 31, 2025, up from $1,568.1 million at the end of 2024, resulting in a total debt to total capital ratio of 36%[46] Sales Growth and Acquisitions - Anticipated total sales growth for 2025 is 6-8%, including pricing actions to address cost inflation[13] - The impact of acquisitions on net sales growth was $4.5 million (0.3%) in Q1 2025, compared to $108.5 million (8.4%) in Q1 2024[39]

Shelton, CT, May 01, 2025 (GLOBE NEWSWIRE) -- HUBBELL REPORTS FIRST QUARTER 2025 RESULTS Q1 diluted EPS of $3.15; adjusted diluted EPS of $3.50Q1 net sales -2% (organic -0.6%; foreign exchange -0.6%; net M&A -1.2%)Q1 operating margin 17.5%; adjusted operating margin 19.3%2025 diluted EPS outlook of $15.95-16.45; Maintaining adj. diluted EPS of $17.35-$17.85 Hubbell Incorporated (NYSE: HUBB) today reported operating results for the first quarter ended March 31, 2025. “Our results in the first quarter were d ...

Analysts on Wall Street project that Hubbell (HUBB) will announce quarterly earnings of $3.73 per share in its forthcoming report, representing an increase of 3.6% year over year. Revenues are projected to reach $1.38 billion, declining 1% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates durin ...

Shelton, CT, April 11, 2025 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) today announced it will release its first quarter 2025 financial results prior to the opening of the market on May 1st, 2025. The Company will then webcast its Analysts' Conference Call to discuss the results at 10:00 AM ET. The full text of the press release announcing the results will be posted on Hubbell's corporate website under the Press Release section. You can also access this information by going to www.hubbell.com an ...