Welcome to our dedicated page for Hubbell news (Ticker: HUBB), a resource for investors and traders seeking the latest updates and insights on Hubbell stock.
Hubbell Incorporated (NYSE: HUBB) is a manufacturer of utility and electrical solutions that support critical infrastructure in utility, commercial and industrial settings. This news page aggregates company announcements, earnings updates, capital markets activity and corporate developments related to HUBB stock, helping readers follow how Hubbell’s utility and electrical solutions business evolves over time.
Hubbell regularly issues earnings press releases and schedules analyst conference calls to discuss quarterly and full-year results. These updates include commentary on its Utility Solutions and Electrical Solutions operations, with details on Grid Infrastructure and Grid Automation performance, segment margins, pricing, productivity and non-GAAP measures such as adjusted operating income and adjusted diluted earnings per share.
Investors can also track capital structure and financing news, including offerings of senior notes, use of proceeds to redeem existing debt, and term loan agreements used to finance acquisitions. Announcements about acquisitions, such as the definitive agreement to acquire DMC Power and the subsequent completion of that transaction, provide insight into how Hubbell expands its Utility Solutions portfolio and connector technology offerings for high voltage power infrastructure.
Governance and shareholder-related items appear in the news flow as well. Examples include Board of Directors changes, executive succession plans, and decisions by the Board to increase the common stock dividend rate. Hubbell also communicates participation in investor conferences and the timing of upcoming earnings releases and webcasts.
By reviewing the news items associated with HUBB, readers can monitor Hubbell’s operational performance, portfolio moves, financing decisions and governance actions as disclosed in its public communications and related Form 8-K filings.
Hubbell reported a Q1 2021 diluted EPS of $1.42 and adjusted EPS of $1.72. Net sales decreased by 1% year-over-year, with organic sales down by 4%. Despite slight declines, the company anticipates an 8-10% annual sales growth, driven by expected improvements across various sectors. Hubbell's adjusted EPS guidance for FY21 is set at $8.20-$8.60. The company successfully refinanced $300 million of senior notes to enhance liquidity. Inflationary pressures affected margins, but operational efficiencies and restructuring efforts are expected to provide support.
The Board of Directors of Hubbell Incorporated (NYSE: HUBB) has declared a quarterly dividend of $0.98 per share on its common stock. This dividend will be paid on June 15, 2021, to shareholders recorded on May 31, 2021. Hubbell, a reputable manufacturer of electrical and utility solutions, achieved 2020 revenues of $4.2 billion and has operations worldwide from its headquarters in Shelton, CT.
Hubbell Incorporated (NYSE: HUBB) will announce its first quarter 2021 financial results on April 27, 2021, before market opening. Following the announcement, the company will host an Analysts' Conference Call at 10:00 AM ET to discuss the results. Investors can access the press release on Hubbell's corporate website and listen to the live audio of the conference call. Audio replays will be available through multiple channels, including via phone, the website, and as a podcast.
Hubbell priced an offering of $300 million in 2.300% senior notes maturing in 2031. The offering will close on March 12, 2021, subject to customary conditions. Proceeds will be utilized to fully redeem the company’s 3.625% Senior Notes due 2022, amounting to $300 million, covering the premium and accrued interest. BofA Securities, J.P. Morgan, and HSBC are the joint book-running managers. The registration statement has been filed with the SEC, making the prospectus available for potential investors.
The Board of Directors of Hubbell Incorporated (NYSE: HUBB) has appointed Lieutenant General Rhett A. Hernandez (U.S. Army, Retired) as a Director, effective March 1, 2021. Mr. David G. Nord, Executive Chairman, expressed enthusiasm over Hernandez's extensive experience in cybersecurity and leadership, highlighting his strategic insights as beneficial to Hubbell's goals. Hernandez, founder of CyberLens, LLC, brings a robust military background and serves on multiple boards, further enhancing the board's diversity. Hubbell, a manufacturer of electrical and utility solutions, reported revenues of $4.2 billion in 2020.
The Board of Directors of Hubbell declared a quarterly dividend of $0.98 per share on its common stock. This dividend will be paid on March 15, 2021, to shareholders recorded by February 26, 2021. Hubbell, a manufacturer of electrical and utility solutions, reported $4.6 billion in revenues for 2019 and operates globally from its headquarters in Shelton, CT.
Hubbell Incorporated (NYSE: HUBB) will release its third quarter 2020 financial results before market opening on October 27, 2020. Following the results announcement, the company will host a webcast Analysts' Conference Call at 10:00 AM ET. Interested parties can access the press release and call details on Hubbell's website. An audio replay of the conference call will be available via phone and as a podcast shortly after the event. Hubbell reported revenues of $4.6 billion in 2019, operating globally from its headquarters in Shelton, CT.
Hubbell Incorporated (NYSE: HUBB) announces that CEO Gerben Bakker will present at the Morgan Stanley Annual Laguna Conference on September 15, 2020, starting at 1:30 PM ET. The event will be webcast, and audio access is available via Hubbell's Investor Relations page. This information is crucial for stakeholders as it may offer insights into company strategies and future business directions. Hubbell generated $4.6 billion in revenue for 2019 and has manufacturing facilities globally, indicating a strong market presence.
Hubbell Incorporated announced the retirement of CEO David G. Nord effective October 1, 2020. Gerben W. Bakker, previously President and COO, will succeed him as President and CEO. The transition is part of the Board’s succession planning, ensuring continuity with Nord remaining as Executive Chairman until May 2021. Bakker, a 30-year company veteran, brings experience in driving strategic initiatives and post-COVID recovery efforts. The Board praised Nord for his leadership and significant contributions to Hubbell's growth and infrastructure solutions.
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