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Hubbell Incorporated - $HUBB STOCK NEWS

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

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 Incorporated'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 Incorporated's position in the market.

News
Hubbell Announces Sale of Residential Lighting Business
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
-
News
Comvest Partners Completes Sale of Systems Control to Hubbell
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%
Tags
none
-
News
Hubbell Incorporated Completes Acquisition of Systems Control
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
News
Comvest Partners Enters in Definitive Agreement to Sell Systems Control to Hubbell Incorporated
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
-
News
Hubbell Reports Third Quarter 2023 Results
Rhea-AI Summary
Hubbell Incorporated reports strong Q3 2023 results with diluted EPS from continuing operations of $3.70 and net sales growth of 5%. Operating margin expansion of 460 bps. Raises FY23 diluted EPS guidance to $14.00-$14.25.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.67%
Tags
earnings
-
News
Hubbell to Acquire Systems Control
Rhea-AI Summary
Hubbell Incorporated has announced its agreement to acquire Systems Control for $1.1 billion in cash. Systems Control is a leading manufacturer of substation control and relay panels, as well as turnkey substation control building solutions. The acquisition enhances Hubbell's Utility Solutions portfolio and is aligned with megatrends in aging infrastructure, grid automation, renewables, and electrification. The estimated 2024 sales for Systems Control is approximately $400 million. The transaction is expected to close by the end of 2023, subject to regulatory approvals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.67%
Tags
acquisition
News
Hubbell Incorporated Declares 9% Dividend Increase
Rhea-AI Summary
Hubbell Incorporated (NYSE:HUBB) has announced a 9% increase in its common stock dividend rate. The new annual payment will be $4.88 per share, compared to the former rate of $4.48 per share. The dividend will be paid on December 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
dividends
-
News
Hubbell to Announce Third Quarter 2023 Results on October 31, 2023
Rhea-AI Summary
Hubbell Incorporated to release third quarter 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.24%
Tags
earnings
-
News
Hubbell Incorporated to Present at Morgan Stanley Conference
Rhea-AI Summary
Hubbell Incorporated CEO to appear at Morgan Stanley annual Laguna Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
conferences
News
Hubbell Reports Second Quarter 2023 Results
Rhea-AI Summary
HUBB - Hubbell Reports Strong Q2 2023 Results with 9% Sales Growth and Operating Margin Expansion. Raises FY23 EPS Guidance. Utility Solutions segment net sales increased 14% with 13% organic growth. Adjusted EPS from continuing operations is expected to be $14.75-$15.25 for the full year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.57%
Tags
earnings
Stock HUBB logo
Hubbell Incorporated

NYSE:HUBB

HUBB Rankings

#506 Ranked by Market Cap
#970 Ranked by Stock Gains
#1708 Ranked by Dividends

HUBB Stock Data

20.83B
53.39M
0.35%
89.98%
1.8%
Current-Carrying Wiring Device Manufacturing
Manufacturing
Link
United States of America
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.