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 Incorporated (NYSE: HUBB) reported strong first-quarter results for 2023, showing a diluted EPS from continuing operations of $3.37 and an adjusted diluted EPS of $3.61. Net sales increased by 11%, with organic growth at 10%. The operating margin expanded by 700 basis points, with adjusted operating margin growth of 680 basis points. The company raised its FY23 diluted EPS forecast to $12.00-$12.50 and adjusted EPS to $13.00-$13.50.
Utility Solutions experienced robust demand, with net sales rising 20% to $782 million, while Electrical Solutions remained flat at $504 million. Hubbell expects total sales growth of 8-10% and organic net sales growth of 7-9% for the full year.
Hubbell Incorporated (NYSE: HUBB) has declared a quarterly dividend of $1.12 per share on its common stock. This dividend, payable on June 15, 2023, is set for shareholders on record as of May 31, 2023. The company reported revenues of $4.9 billion in 2022, emphasizing its role as a leading manufacturer in the electrical and utility solutions sector.
Hubbell's products are essential for the reliable and efficient operation of critical infrastructure, supporting energy delivery both in front of and behind the meter. The corporate headquarters is located in Shelton, CT.
Hubbell Incorporated (NYSE: HUBB) announced it will release its first quarter 2023 financial results on April 25, 2023, prior to market opening. Following this, a webcast of the Analysts' Conference Call will take place at 10:00 AM ET to discuss the results. This information will be available on Hubbell's corporate website in the Press Release section. For investors, a live audio of the conference and related materials will be accessible via the Events and Presentations section of the website. In 2022, Hubbell reported revenues of $4.9 billion, emphasizing its role as a key manufacturer of utility and electrical solutions that ensure the safe, reliable, and efficient operation of critical infrastructure.
Hubbell announced its fourth quarter and full year 2022 financial results, reporting Q4 diluted EPS from continuing operations of $2.27 and adjusted diluted EPS of $2.60. Net sales grew 11% year-over-year, with organic growth at 10%. For full year 2022, diluted EPS from continuing operations was $9.43, while adjusted EPS reached $10.62. Looking ahead, Hubbell projects 2023 diluted EPS between $10.00-$10.50, with adjusted EPS of $11.00-$11.50. The company anticipates 5-7% total sales growth and strong demand in Utility Solutions despite a softening in Electrical Solutions.
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