[PART I FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) This section presents the unaudited condensed consolidated financial statements, management's discussion, and key disclosures for Q1 2025 [Financial Statements](index=3&type=section&id=ITEM%201%20Financial%20Statements) This section presents Hubbell's unaudited condensed consolidated financial statements for Q1 2025, including income, balance sheets, cash flows, and notes [Condensed Consolidated Statements of Income](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Hubbell reported a slight decrease in net sales but increased operating income, net income, and diluted EPS for Q1 2025 Condensed Consolidated Statements of Income (unaudited) | (in millions, except per share amounts) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Net sales** | $1,365.2 | $1,399.1 | | Gross profit | $451.2 | $447.7 | | **Operating income** | $239.0 | $228.5 | | Income before income taxes | $219.9 | $201.4 | | **Net income attributable to Hubbell Incorporated** | $169.7 | $147.8 | | **Basic earnings per share** | $3.16 | $2.75 | | **Diluted earnings per share** | $3.15 | $2.73 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets and liabilities increased as of March 31, 2025, driven by current assets, goodwill, and short-term debt Condensed Consolidated Balance Sheets (unaudited) | (in millions) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $2,261.8 | $2,089.3 | | Goodwill | $2,548.8 | $2,500.8 | | **TOTAL ASSETS** | **$6,922.1** | **$6,679.1** | | **Total Current Liabilities** | $1,938.3 | $1,274.2 | | Long-Term Debt | $1,044.0 | $1,442.7 | | **TOTAL LIABILITIES** | **$3,649.9** | **$3,396.4** | | **TOTAL EQUITY** | **$3,272.2** | **$3,282.7** | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow decreased, investing activities used cash for acquisitions, and financing activities provided cash from debt Condensed Consolidated Statements of Cash Flows (unaudited) | (in millions) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $37.4 | $92.2 | | **Net cash (used in) provided by investing activities** | $(99.3) | $88.6 | | **Net cash provided by (used in) financing activities** | $75.0 | $(125.3) | | Increase in cash and cash equivalents | $17.2 | $52.0 | [Notes to Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed notes cover the Ventev acquisition, disaggregated revenue, segment performance, debt, and stock compensation - In Q1 2025, the Company acquired Ventev for approximately **$73 million**, net of cash, adding it to the Electrical Solutions segment[23](index=23&type=chunk) - The company sold its residential lighting business in Q1 2024, recording a pre-tax loss of **$5.3 million**[27](index=27&type=chunk) Net Sales by Segment (Q1 2025 vs Q1 2024) | in millions | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Total Utility Solutions** | $857.1 | $894.0 | | **Total Electrical Solutions** | $508.1 | $505.1 | | **TOTAL** | **$1,365.2** | **$1,399.1** | - On March 25, 2025, the Company entered into a new five-year, **$1.0 billion** committed unsecured revolving credit facility, replacing its previous **$750 million** facility[84](index=84&type=chunk)[89](index=89&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=ITEM%202%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 financial results, covering sales, margins, segment performance, liquidity, and capital resources - Q1 2025 net sales decreased **2.4%** to **$1,365.2 million**, primarily due to a **1.2%** decline from divestitures (net of acquisitions) and a **0.6%** contraction in organic net sales[120](index=120&type=chunk) - Operating margin for Q1 2025 expanded by **120 basis points** to **17.5%**[123](index=123&type=chunk) - Adjusted operating margin contracted by **40 basis points** to **19.3%**, as benefits from productivity and price were offset by cost inflation and lower volumes[123](index=123&type=chunk) - Cash from operations decreased to **$37.4 million** in Q1 2025 from **$92.2 million** in Q1 2024, mainly due to increased working capital and a **$20.0 million** pension contribution[154](index=154&type=chunk) - The company established a new **$500.0 million** stock repurchase program in February 2025, bringing the total outstanding authorization to approximately **$635.0 million**[163](index=163&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) Net sales declined in Q1 2025 due to divestitures and organic decrease, while gross profit margin and operating income improved Reconciliation of Organic Net Sales Growth (Non-GAAP) | (in millions) | Three Months Ended March 31, 2025 | | :--- | :--- | | Net sales decline (GAAP) | $(33.9) | | Impact of acquisitions | $4.5 | | Impact of divestitures | $(21.1) | | Foreign currency exchange | $(8.6) | | **Organic net sales decline (Non-GAAP)** | **$(8.7)** | Reconciliation of Adjusted Operating Income (Non-GAAP) | (in millions) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Operating income (GAAP) | $239.0 | $228.5 | | Amortization of acquisition-related intangible assets | $24.5 | $39.4 | | Transaction, integration & separation costs | $0.4 | $7.3 | | **Adjusted operating income (Non-GAAP)** | **$263.9** | **$275.2** | - The effective tax rate decreased to **22.2%** in Q1 2025 from **26.0%** in Q1 2024, primarily due to tax expenses related to the residential lighting business divestiture in the prior year[146](index=146&type=chunk) [Segment Results](index=35&type=section&id=Segment%20Results) Utility Solutions sales decreased organically, while Electrical Solutions grew organically driven by datacenter demand - Utility Solutions organic net sales decreased **3.7%** in Q1 2025, driven by lower volume in Grid Automation products due to timing of large projects and weakness in telcom markets for enclosures[148](index=148&type=chunk) - Electrical Solutions organic net sales grew **4.8%** in Q1 2025, primarily driven by strength in the datacenter market, while broader industrial markets were steady and commercial markets were softer[151](index=151&type=chunk) Segment Adjusted Operating Margin (Non-GAAP) | Segment | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Utility Solutions | 21.0% | 21.8% | | Electrical Solutions | 16.5% | 15.8% | [Financial Condition, Liquidity and Capital Resources](index=37&type=section&id=Financial%20Condition,%20Liquidity%20and%20Capital%20Resources) Liquidity remains strong with a new credit facility, while cash was used for acquisitions, share repurchases, and dividends Cash Flow Summary | (In millions) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Operating activities | $37.4 | $92.2 | | Investing activities | $(99.3) | $88.6 | | Financing activities | $75.0 | $(125.3) | - In Q1 2025, the company invested **$73.3 million** to acquire Ventev and spent **$26.0 million** on capital expenditures[159](index=159&type=chunk) - The company entered a new **$1.0 billion** revolving credit agreement in March 2025, which matures in 2030, and was undrawn as of March 31, 2025[165](index=165&type=chunk)[168](index=168&type=chunk) Debt to Capital Ratio | (In millions) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Debt (GAAP) | $1,860.1 | $1,568.1 | | TOTAL CAPITAL (GAAP) | $5,121.5 | $4,836.4 | | **Total Debt to Total Capital (GAAP)** | **36%** | **32%** | [Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=ITEM%203%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No significant changes occurred in the company's exposure to market risks during Q1 2025 - There have been no significant changes in the Company's exposure to market risks such as foreign currency, material prices, and interest rates during the three months ended March 31, 2025[184](index=184&type=chunk) [Controls and Procedures](index=43&type=section&id=ITEM%204%20Controls%20and%20Procedures) Management concluded that disclosure controls were effective, with no material changes to internal controls - Based on an evaluation, the CEO and CFO concluded that the Company's disclosure controls and procedures were effective as of March 31, 2025[187](index=187&type=chunk) - No changes occurred in the Company's internal control over financial reporting during the most recent quarter that have materially affected, or are reasonably likely to materially affect, these controls[188](index=188&type=chunk) [PART II OTHER INFORMATION](index=44&type=section&id=PART%20II%20OTHER%20INFORMATION) This section provides other information, including updated risk factors, equity security sales, and other disclosures [Risk Factors](index=44&type=section&id=ITEM%201A%20Risk%20Factors) No material changes to risk factors, except for expanded discussion on U.S. and international trade policy changes - The primary updated risk factor relates to changes in U.S. and international trade policies, including new tariffs announced in early 2025 on goods from China, Canada, Mexico, and the EU[191](index=191&type=chunk)[192](index=192&type=chunk) - Tariffs on imported materials like steel and aluminum, as well as finished goods, could increase costs, which may need to be passed on to customers, potentially reducing demand[193](index=193&type=chunk) - Retaliatory tariffs from other countries could make it more difficult or costly for Hubbell to export its products, further impacting business operations and financial results[194](index=194&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=ITEM%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details stock repurchase activities for Q1 2025, including a new $500 million program and shares repurchased - On February 12, 2025, the Board approved a new **$500.0 million** stock repurchase program, expiring in February 2028[196](index=196&type=chunk) Issuer Purchases of Equity Securities (Q1 2025) | Period | Total Number of Shares Purchased (000s) | Average Price Paid Per Share | Approximate Value of Shares that May Yet be Purchased ($ millions) | | :--- | :--- | :--- | :--- | | Jan 2025 | — | $— | $760.0 | | Feb 2025 | 159 | $385.40 | $704.7 | | Mar 2025 | 201 | $347.14 | $635.0 | | **Total** | **360** | **$364.03** | **$635.0** | [Other Information](index=45&type=section&id=ITEM%205%20Other%20Information) No director or officer of the Company adopted or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement - No director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" during the three months ended March 31, 2025[199](index=199&type=chunk) [Exhibits](index=46&type=section&id=ITEM%206%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including the new Credit Agreement and certifications - Exhibit 10.1 is the Credit Agreement dated March 25, 2025[202](index=202&type=chunk) - Exhibits 31.1, 31.2, 32.1, and 32.2 contain the required CEO and CFO certifications[202](index=202&type=chunk)

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 ...

Core Insights - Hubbell (HUBB) reported revenue of $1.37 billion for the quarter ended March 2025, reflecting a decrease of 2.4% year-over-year and a surprise of -1.42% compared to the Zacks Consensus Estimate of $1.38 billion [1] - The company's EPS for the quarter was $3.50, down from $3.60 in the same quarter last year, with an EPS surprise of -6.17% against the consensus estimate of $3.73 [1] Financial Performance Metrics - Net Sales for Electrical Solutions reached $508.10 million, exceeding the average estimate of $500.19 million by four analysts, representing a year-over-year increase of +0.6% [4] - Net Sales for Utility Solutions were reported at $857.10 million, falling short of the average estimate of $889.24 million, indicating a year-over-year decline of -4.1% [4] - Adjusted operating income for Utility Solutions was $179.90 million, below the average estimate of $196.34 million [4] - Adjusted operating income for Electrical Solutions was $84 million, slightly below the average estimate of $86.84 million [4] Stock Performance - Over the past month, Hubbell's shares have returned +6.3%, contrasting with a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - The first quarter sales were $1,365 million, a decrease largely due to the divestiture of residential lighting, with flat growth otherwise [15] - Operating profit decreased to $264 million, with margins down 40 basis points, impacted by material costs and tariffs [16] - The company anticipates a strong seasonal ramp-up in the second half of the year, with a target of maintaining the full year 2025 outlook [11][34] Business Line Data and Key Metrics Changes - Utility Solutions segment sales were $857 million, down 4% year-over-year, with low single-digit growth in infrastructure and a 15% contraction in grid automation [17] - The Electrical segment experienced mid single-digit growth, with strong contributions from data centers and light industrial sectors [22][24] - Grid infrastructure orders were up double digits year-over-year, indicating a positive trend in the market [40] Market Data and Key Metrics Changes - The macroeconomic environment has become more dynamic, but the company sees no net change to its prior near-term and long-term views [11] - Utility customers are investing in transmission and substation markets, leading to double-digit growth in these areas [8] - Recent order trends in distribution markets are encouraging, suggesting a normalization from previous inventory destocking [19] Company Strategy and Development Direction - The company is focused on mitigating cost inflation and macroeconomic uncertainty through proactive cost management and operational efficiencies [10] - Hubbell aims to capitalize on long-term investment cycles in grid modernization and electrification, supported by strong customer capital plans [41][42] - The company is maintaining its full-year 2025 adjusted EPS outlook, targeting organic growth of 6% to 8% [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating near-term uncertainties while focusing on long-term growth opportunities [42] - The company has a playbook in place to address cost inflation and has successfully managed similar challenges in the past [10] - There is optimism regarding the resilience of utility markets, even in challenging macroeconomic conditions [55] Other Important Information - The company has implemented price increases to offset the impact of tariffs and raw material inflation, with expectations to neutralize these effects within 2025 [28][29] - The balance sheet is strong, with plans for active investment and shareholder returns, including potential acquisitions [36] Q&A Session Summary Question: Guidance clarification regarding the $0.50 sensitivity - Management confirmed that the guidance range reflects a potential negative outcome due to tariff dynamics, with a sensitivity analysis provided [45][46] Question: Insights on Q2 margins and cost mitigation - Management indicated that Q2 is expected to show strong top-line growth, with a LIFO hit anticipated, but they expect to recover in the second half [49][50] Question: Expectations for utility budgets and spending - Management noted that utility budgets are increasing, and there is pressure to complete necessary work, which could lead to higher spending [53][55] Question: Price elasticity and customer feedback on price increases - Management stated that early evidence suggests low elasticity for the first round of tariff-related price increases, with a focus on negotiating with suppliers [72][73] Question: Competitive landscape in utility T&D - Management identified key competitors in the utility T&D space, including Eaton's Cooper division and ABB's Thomas and Betts [84] Question: Volume growth assumptions for the year - Management confirmed expectations for stronger volume growth in the second half of the year, supported by a solid order book and easier comparisons [90][92] Question: Outlook for telecom business - Management reported that the telecom business is showing signs of improvement, with sales declines flattening and order books growing [121] Question: Grid automation performance and outlook - Management acknowledged that grid automation performance was softer than expected but noted encouraging signs from smaller project wins [127][128]

Financial Data and Key Metrics Changes - The first quarter sales were $1.365 billion, a decrease largely due to the divestiture of residential lighting, with flat growth otherwise [12] - Operating profit was $264 million, with margins down 40 basis points, impacted by $10 million drag from material inflation and tariffs [13] - The company maintained its full year 2025 outlook, expecting adjusted EPS in the range of $16.85 to $17.35, with organic growth of 6% to 8% [30][32] Business Line Data and Key Metrics Changes - Electrical Solutions segment delivered mid single-digit organic growth, with strong performance in data centers contributing significantly [5][20] - Utility Solutions segment sales were $857 million, down 4% year-over-year, with Grid Automation experiencing a 15% contraction [14] - Grid Infrastructure returned to organic growth, driven by strong demand in transmission and substation markets, with double-digit growth [6][15] Market Data and Key Metrics Changes - The macroeconomic environment has become more dynamic, but the company sees no net change to its prior near-term and long-term views [8] - Recent order trends in distribution markets are encouraging, indicating a normalization from previous inventory destocking [6][16] - The company reported double-digit growth in grid infrastructure orders year-over-year, indicating strong underlying market dynamics [37] Company Strategy and Development Direction - The company is focused on mitigating cost inflation and macroeconomic uncertainty through proactive cost management and operational efficiencies [7][8] - Hubbell aims to capitalize on long-term investment cycles in grid modernization and electrification, supported by strong positions in key markets [38][39] - The company is poised for active investment and shareholder returns, with a strong balance sheet and a focus on acquisitions to enhance product positioning [34][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating near-term uncertainties while maintaining financial commitments for 2025 [39] - The company anticipates a strong ramp-up in the second half of the year, supported by a solid order book and easier year-over-year comparisons [86] - Management highlighted the resilience of utility markets, which tend to perform well even in challenging macroeconomic conditions [52] Other Important Information - The company has implemented price increases to offset the impact of tariffs and raw material inflation, with expectations to neutralize these costs within 2025 [25][31] - The company has reduced its exposure to China by about half over the past several years, focusing on diversifying its supply chain [108][110] Q&A Session Summary Question: Clarification on guidance and sensitivity analysis - Management confirmed that the guidance range reflects a $0.50 sensitivity due to potential tariff impacts, but actions are in place to neutralize this [43][48] Question: Insights on Q2 margins and cost mitigation - Management provided insights indicating a typical seasonal sequential growth in sales, with expectations of a $20 million LIFO headwind in Q2 [46][47] Question: Expectations on utility budgets and spending - Management noted that utility budgets are increasing, with a focus on grid hardening and load growth, indicating a positive outlook for utility spending [50][52] Question: Price elasticity and customer feedback on price increases - Management indicated low elasticity for the first round of tariff-related price increases, with expectations of successful implementation [70][72] Question: Outlook for telecom and grid automation segments - Management reported that the telecom segment is showing signs of improvement, with sales declines flattening and order books growing [117] Question: Competitive landscape in utility T&D - Management identified key competitors in the utility T&D space, including Eaton's Cooper division and ABB's Thomas and Betts [81]

Core Viewpoint - Hubbell (HUBB) reported quarterly earnings of $3.50 per share, missing the Zacks Consensus Estimate of $3.73 per share, and showing a decline from $3.60 per share a year ago, resulting in an earnings surprise of -6.17% [1][2] Financial Performance - The company posted revenues of $1.37 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.42%, and down from $1.4 billion year-over-year [2] - Over the last four quarters, Hubbell has surpassed consensus EPS estimates three times but has not beaten consensus revenue estimates [2] Stock Performance - Hubbell shares have declined approximately 13.3% since the beginning of the year, compared to a decline of -5.3% for the S&P 500 [3] - The current Zacks Rank for Hubbell is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.66 on revenues of $1.5 billion, and for the current fiscal year, it is $17.52 on revenues of $5.85 billion [7] - The trend of estimate revisions for Hubbell is mixed, which could change following the recent earnings report [6] Industry Context - The Manufacturing - Electrical Utilities industry, to which Hubbell belongs, is currently in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

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]

Core Insights - Hubbell Incorporated reported first quarter 2025 results, highlighting strong performance in the Electrical Solutions segment and a return to organic growth in Grid Infrastructure, despite challenges in Grid Automation and inflationary pressures [2][3]. Financial Performance - Total net sales for Q1 2025 were $1.365 billion, a decrease of 2% from $1.399 billion in Q1 2024 [26]. - Utility Solutions segment net sales decreased by 4% to $857 million compared to $894 million in Q1 2024, while Electrical Solutions segment net sales increased slightly to $508 million from $505 million [5][6]. - Q1 diluted EPS was $3.15, with adjusted diluted EPS at $3.50, reflecting a year-over-year increase of 15% [7][27]. Segment Analysis - Electrical Solutions achieved organic growth of 5%, driven by strong datacenter markets and strategic execution [3]. - Utility Solutions segment operating income was $160 million, or 18.7% of net sales, compared to $158 million, or 17.6% in the prior year [5]. - Grid Automation sales saw a decline of approximately 15% due to challenging comparisons from the previous year [5]. Cash Flow and Balance Sheet - Net cash provided by operating activities was $37 million in Q1 2025, down from $92 million in Q1 2024, with free cash flow at $11 million compared to $52 million in the prior year [10]. - Total assets increased to $6.922 billion as of March 31, 2025, from $6.679 billion at the end of 2024 [29]. Outlook - For the full year 2025, Hubbell anticipates diluted EPS in the range of $15.95-$16.45 and adjusted diluted EPS between $17.35-$17.85, with total sales growth and organic net sales growth projected at 6-8% [11][12].

Core Viewpoint - Analysts project that Hubbell (HUBB) will report quarterly earnings of $3.73 per share, reflecting a year-over-year increase of 3.6%, while revenues are expected to decline by 1% to $1.38 billion [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.4% in the past 30 days, indicating a reassessment by covering analysts [2]. - Prior revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3]. Key Metrics Projections - Analysts estimate 'Net Sales- Electrical Solutions' at $500.19 million, a decrease of 1% from the prior-year quarter [5]. - 'Net Sales- Utility Solutions' is forecasted to reach $889.24 million, reflecting a decline of 0.5% from the year-ago quarter [5]. - 'Adjusted operating income- Utility Solutions' is projected at $196.34 million, slightly up from $195.20 million in the previous year [5]. - 'Adjusted operating income- Electrical Solutions' is expected to be $86.84 million, compared to $80 million reported in the same quarter last year [6]. Market Performance - Shares of Hubbell have returned +8% over the past month, contrasting with the Zacks S&P 500 composite's -0.2% change, indicating a stronger performance relative to the market [7].

Core Viewpoint - Hubbell Incorporated will release its first quarter 2025 financial results on May 1st, 2025, prior to market opening, followed by a conference call at 10:00 AM ET to discuss the results [1]. Company Information - Hubbell Incorporated is a leading manufacturer of utility and electrical solutions, enabling customers to operate critical infrastructure safely, reliably, and efficiently [4]. - The company reported revenues of $5.6 billion for the year 2024, indicating its significant role in electrifying economies and energizing communities [4]. - The corporate headquarters is located in Shelton, CT [4]. Access to Information - The full text of the press release announcing the financial results will be available on Hubbell's corporate website under the Press Release section [2]. - Live audio of the conference call and accompanying materials can be accessed through the Events and Presentations section on the company's website [3].