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 reports developments tied to its utility and electrical solutions business, including products used in power lines, substations, and commercial and industrial buildings. Recurring updates cover operating results, demand in utility transmission and distribution markets, Grid Infrastructure products, and activity in the Electrical Solutions segment serving markets such as datacenters and light industrial applications.
Company news also includes regular dividend declarations, investor conference participation, acquisition-related announcements, and management commentary on pricing, productivity, cost inflation, restructuring investment, and growth initiatives across Hubbell's infrastructure-focused portfolio.
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.
Hubbell Incorporated (NYSE: HUBB) has announced it will release its third quarter 2024 financial results before the market opens on October 29, 2024. The company will host an Analysts' Conference Call to discuss the results at 10:00 AM ET on the same day. The full press release and accompanying materials will be available on Hubbell's corporate website under the Press Release section and the Events and Presentations section.
Investors can access this information by visiting www.hubbell.com and selecting 'Investors' from the options at the bottom of the page, then choosing either 'Press Releases' or 'Events/Presentations' from the drop-down menu. Hubbell Incorporated is a leading manufacturer of utility and electrical solutions, enabling customers to operate critical infrastructure. The company reported revenues of $5.4 billion in 2023.
Hubbell Incorporated (NYSE: HUBB) has announced that its Chairman, President, and CEO, Gerben Bakker, will present at the Morgan Stanley annual Laguna Conference on September 13, 2024, at 7:30AM PT. The event will be webcast live and accessible through Hubbell's Investor Relations section on their website. Hubbell, a leading manufacturer of utility and electrical solutions, reported revenues of $5.4 billion in 2023.
The presentation will be archived 24 hours after the event and can be accessed through the company's website. Hubbell's solutions play a important role in enabling customers to operate critical infrastructure reliably and efficiently, energizing economies and electrifying communities both in front of and behind the meter.
Hubbell Incorporated (NYSE: HUBB) reported strong second quarter 2024 results, with diluted EPS of $3.94 and adjusted diluted EPS of $4.37. Net sales increased by 6% (2% organic growth, 5% from M&A). The company achieved an operating margin of 20.7% and an adjusted operating margin of 22.8%, up 40 basis points year-over-year.
Highlights include:
- Electrical Solutions segment saw robust organic growth and margin expansion
- Utility Solutions segment growth driven by acquisitions and strong performance in transmission/substation infrastructure
- Full-year 2024 outlook raised: diluted EPS of $14.30-$14.60; adjusted diluted EPS of $16.20-$16.50
- Free cash flow of $206 million in Q2 2024
- Full-year 2024 total sales growth projected at 7-8%, with organic growth of approximately 3%
Hubbell Incorporated (NYSE:HUBB), a leading manufacturer of utility and electrical solutions, has declared a regular quarterly dividend of $1.22 per share on its common stock. The dividend will be paid on September 16, 2024 to shareholders of record as of August 30, 2024. This announcement demonstrates Hubbell's commitment to returning value to its shareholders.
Hubbell, with its corporate headquarters in Shelton, CT, reported revenues of $5.4 billion in 2023. The company specializes in providing critical infrastructure solutions that enable customers to operate reliably and efficiently, both in front of and behind the meter, energizing economies and electrifying communities.
Hubbell Incorporated (NYSE: HUBB) has announced it will release its second quarter 2024 financial results before the market opens on July 30, 2024. The company will host an Analysts' Conference Call at 10:00 AM ET to discuss the results. Investors can access the full press release and live audio of the conference call on Hubbell's corporate website under the Investors section.
Hubbell is a leading manufacturer of utility and electrical solutions, enabling customers to operate critical infrastructure. The company reported revenues of $5.4 billion in 2023. Hubbell's solutions play a important role in electrifying economies and energizing communities. The company's corporate headquarters is located in Shelton, CT.
Hubbell (NYSE: HUBB) is hosting its 2024 Investor Day at the New York Stock Exchange on June 4, 2024, starting at 8:30am ET.
Senior management will outline the Company's strategic plans for growth, margin expansion, and free cash flow generation and deployment.
Live audio and materials from the event are available on Hubbell's website under the Investors section, with an archive accessible 24 hours post-event.
Hubbell Incorporated (NYSE: HUBB) reported a Q1 diluted EPS of $2.73 and adjusted diluted EPS of $3.60. Q1 net sales increased by 9% (organic +2%; net M&A +6%). Operating margin decreased by 310 bps year-over-year, with adjusted operating margin down by 100 bps. The company anticipates FY24 diluted EPS of $14.10-$14.60 and reaffirms adj. diluted EPS of $16.00-$16.50. Hubbell had a solid start in 2024 with strong organic growth in Electrical Solutions and continued strength in Utility Solutions. However, Telcom markets were weak in the quarter. The company's first quarter results position them well to achieve their reaffirmed 2024 outlook.