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Hubbell Inc. - HUBB STOCK NEWS

Welcome to our dedicated news page for Hubbell (Ticker: HUBB), a resource for investors and traders seeking the latest updates and insights on Hubbell.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hubbell's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hubbell's position in the market.

News
Rhea-AI Summary
Hubbell Incorporated (NYSE: HUBB) will host an investor conference on June 4, 2024, to provide an overview of the business and discuss the Company's outlook with institutional investors and security analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
conferences
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Rhea-AI Summary
Kingswood Capital Management acquires Progress Lighting from Hubbell Incorporated, forming a partnership with existing management. Progress Lighting focuses on residential and light commercial decorative lighting solutions. The acquisition aims to enhance the company's focus, agility, and customer service. Kingswood plans to invest in the business for continued growth in the residential lighting sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
acquisition
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Rhea-AI Summary
Hubbell Incorporated (NYSE: HUBB) completes the sale of its Residential Lighting business to Kingswood Capital Management, LP, focusing on indoor and outdoor lighting solutions for the residential market.
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End-of-Day
-- %
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Rhea-AI Summary
Hubbell Incorporated (NYSE: HUBB) reported strong Q4 2023 and full-year results, with Q4 net sales from continuing operations up 10% and organic sales up 8%. The company delivered over 40% operating profit and earnings growth for shareholders in FY 2023. Hubbell anticipates 2024 GAAP diluted EPS from continuing operations in the range of $14.40 to $14.90 and adjusted diluted EPS from continuing operations in the range of $16.00 to $16.50.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.53%
Tags
earnings
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Rhea-AI Summary
Hubbell Incorporated (NYSE:HUBB) has declared a regular quarterly dividend of $1.22 per share on the Company’s common stock, to be paid on March 15, 2024. With 2022 revenues of $4.9 billion, Hubbell is a leading manufacturer of utility and electrical solutions, energizing economies and electrifying communities. The corporate headquarters is located in Shelton, CT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
dividends
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Rhea-AI Summary
Hubbell Incorporated (NYSE: HUBB) announced the release of its fourth quarter 2023 financial results on January 30, 2024. The company will webcast its Analysts' Conference Call to discuss the results at 10:00 AM ET. Hubbell is a leading manufacturer of utility and electrical solutions with 2022 revenues of $4.9 billion, headquartered in Shelton, CT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
earnings
Rhea-AI Summary
Hubbell Incorporated (NYSE: HUBB) has announced the sale of its Residential Lighting business to Kingswood Capital Management, LP for $131 million. The business is expected to generate approximately $190 million in sales in 2023. The transaction reflects the company's strategy to focus on grid modernization and electrification megatrends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none
-
Rhea-AI Summary
Comvest Partners completes sale of Systems Control to Hubbell Incorporated (NYSE: HUBB)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
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none
-
Rhea-AI Summary
Hubbell Incorporated (NYSE: HUBB) has completed the acquisition of Systems Control, a leading manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. The acquisition was financed with net proceeds from borrowings under a new unsecured term loan facility of $600 million, cash on hand, and issuances of commercial paper.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
acquisition
Rhea-AI Summary
Comvest Partners has announced the sale of Systems Control to Hubbell Incorporated. Systems Control is a leading manufacturer of substation control and relay panels for the electric transmission and distribution industry. The transaction is expected to close by the end of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
none
Hubbell Inc.

NYSE:HUBB

HUBB Rankings

HUBB Stock Data

19.71B
53.40M
0.35%
90.23%
0.89%
Current-Carrying Wiring Device Manufacturing
Manufacturing
Link
US
Shelton

About HUBB

hubbell incorporated is an international manufacturer of quality electrical and electronic products for a broad range of residential and non-residential construction, industrial and utility applications. with 2019 revenues of $4.6 billion, hubbell incorporated operates manufacturing facilities in the united states and around the world. the corporate headquarters is located in shelton, ct.