Hubbell Inc - HUBB STOCK NEWS

Hubbell Incorporated (NYSE: HUBB) has scheduled the release of its first quarter 2025 financial results before market opening on May 1st, 2025. The company will host an Analysts' Conference Call at 10:00 AM ET to discuss the results.

The press release and conference call materials will be accessible through Hubbell's corporate website under the Press Release section and the Events and Presentations section. Hubbell, a leading manufacturer of utility and electrical solutions, reported revenues of $5.6 billion in 2024. The company specializes in enabling customers to operate critical infrastructure safely, reliably, and efficiently.

Hubbell (NYSE: HUBB) has announced that Chief Financial Officer Bill Sperry will present at the J.P. Morgan 2025 Industrials Conference on Tuesday, March 11, 2025, at 12:15 PM ET.

The presentation will be accessible via webcast through Hubbell's Investor Relations section on their website. Interested parties can access the live audio stream by visiting www.hubbell.com, selecting 'Investors' and navigating to 'Events/Presentations'. The audio recording will be archived and available for replay 24 hours after the event through the same pathway.

Hubbell (NYSE:HUBB) announced that its Board of Directors has approved a new share repurchase program of up to $500 million, which will be effective until February 2028. This authorization is additional to the company's existing buyback program, which has a remaining capacity of $260 million as of December 31, 2024, and is set to expire in October 2025.

Hubbell (NYSE: HUBB) reported its Q4 and full-year 2024 results, with Q4 diluted EPS of $3.64 and adjusted diluted EPS of $4.10, up 11% year-over-year. Q4 net sales decreased 1% (organic -3%; net M&A +3%), while operating margin reached 19.3% with adjusted operating margin at 21.8%, up 240bps year-over-year.

The Utility Solutions segment saw net sales increase 4% to $847 million, while Electrical Solutions segment sales decreased to $487 million. For full-year 2024, the company achieved diluted EPS of $14.37 and adjusted diluted EPS of $16.57.

Looking ahead to 2025, Hubbell projects total and organic sales growth of 4-5%, with diluted EPS expected between $16.00-$16.50 and adjusted diluted EPS of $17.35-$17.85. The company anticipates free cash flow conversion of 90% or greater on adjusted net income.

Hubbell Incorporated (NYSE:HUBB) has announced its Board of Directors has declared a regular quarterly dividend of $1.32 per share on the Company's common stock. The dividend will be paid on March 17, 2025 to shareholders of record as of February 28, 2025.

The company, which manufactures utility and electrical solutions for critical infrastructure operations, reported revenues of $5.4 billion in 2023. Hubbell's solutions focus on energizing economies and electrifying communities both in front of and behind the meter.

Hubbell Incorporated (NYSE: HUBB) has announced it will release its fourth quarter 2024 financial results before market opening on February 4th, 2025. The company will host an Analysts' Conference Call at 10:00 AM ET to discuss the results, which will be accessible via webcast.

The full press release and accompanying materials will be available on Hubbell's corporate website under the Press Release section and through the Investors portal. Hubbell, with 2023 revenues of $5.4 billion, is a leading manufacturer of utility and electrical solutions that enable customers to operate critical infrastructure.

Hubbell Incorporated (NYSE: HUBB) announced the election of Garrick J. Rochow to its Board of Directors, effective November 19, 2024. Rochow, currently President and CEO of CMS Energy and Consumers Energy Company, brings extensive utility industry experience to Hubbell's board. His appointment increases the board size to ten directors, with nine being independent. Rochow's 20-plus year career at CMS includes executive roles in operations, distribution, customer operations, and energy delivery. He holds a bachelor's degree in environmental engineering and an MBA from Western Michigan University.

Hubbell (HUBB) reported strong Q3 2024 results with adjusted diluted EPS of $4.49, up 14% year-over-year. Net sales increased 5%, driven by 6% from M&A while organic sales declined 1%. The company achieved an operating margin of 21.1% and adjusted operating margin of 23.2%, expanding 180 basis points year-over-year. Utility Solutions segment saw 11% sales growth to $933 million, while Electrical Solutions segment sales decreased to $510 million. The company raised its 2024 adjusted EPS guidance to $16.35-$16.55 and expects total sales growth of approximately 6% for the full year.

Hubbell Incorporated (NYSE:HUBB) announced an 8% increase in its common stock dividend rate. The new annual payment will be $5.28 per share ($1.32 quarterly), up from the previous $4.88 per share ($1.22 quarterly). The dividend is payable on December 16, 2024, to shareholders of record on November 29, 2024. The company, which manufactures utility and electrical solutions, reported 2023 revenues of $5.4 billion.