Hubbell Inc Stock Price, News & Analysis

Hubbell Incorporated (NYSE: HUBB) announced the departure of Pete Lau as President of the Electrical Solutions (HES) segment, effective September 30, 2022. This mutual decision aims to transition HES into new leadership as Mr. Lau pursues other opportunities. Hubbell is currently searching for a successor and will consider both internal and external candidates. During this interim period, the heads of HES's four business units will report to Gerben Bakker, Chairman and CEO. Bakker remains confident in HES's financial outlook and ability to deliver customer value.

Hubbell Incorporated (NYSE: HUBB) will have its CFO, Bill Sperry, present at the Morgan Stanley Annual Laguna Conference on September 16, 2022, at 8:10 AM PT. The event will be webcasted, with live audio available through the company’s Investor Relations section. Hubbell, known for its utility and electrical solutions, achieved 2021 revenues of $4.2 billion, providing essential services to communities. Following the conference, the audio will be accessible on their website for those unable to attend the live session.

Hubbell reported robust Q2 2022 earnings per diluted share of $2.51 and adjusted EPS of $2.81, with net sales growing 19%, driven by a 20% organic increase. The company raised its FY2022 EPS guidance to $8.25-$8.65, while adjusted EPS is now projected at $9.40-$9.80. Key drivers include strong utility solutions orders, grid modernization, and acquisitions of PCX and Ripley Tools. Utility Solutions segment net sales surged by 24% to $729 million, with operating income rising to $111 million. The outlook remains positive with anticipated sales growth of 14-16% for the full year.

The Board of Directors of Hubbell declared a quarterly dividend of $1.05 per share on common stock, payable on September 15, 2022, to shareholders of record by August 31, 2022. In 2021, Hubbell generated revenues of $4.2 billion and is recognized as a leading manufacturer of utility and electrical solutions. With a global presence and headquarters in Shelton, CT, the company emphasizes the reliability and efficiency of critical infrastructure operations.

Hubbell Incorporated (NYSE: HUBB) will release its Q2 2022 financial results on July 26, 2022, before market open. The company will host a conference call at 10:00 AM ET to discuss these results. Interested parties can access the press release on Hubbell's corporate website under the Press Release section. Live audio and materials from the call will also be available in the Events and Presentations section of the site. Audio replays will be accessible via phone and online until August 25, 2022. Hubbell reported revenues of $4.2 billion in 2021.

Hubbell Incorporated (NYSE: HUBB) held its 2022 Investor Day, outlining a long-term strategy emphasizing growth and margin expansion. The company anticipates double-digit adjusted EPS growth through 2025, forecasting 2022 adjusted EPS between $9.00 to $9.40 per share. Hubbell's leadership highlighted its strong positioning in utility and electrical solutions, capitalizing on trends in grid modernization. The presentation is available on its website, reinforcing its commitment to creating value for customers and shareholders.

Hubbell reported first-quarter 2022 earnings with a diluted EPS of $1.88 and adjusted EPS of $2.12, reflecting a 21% increase in net sales. The company raised its FY22 diluted EPS guidance to $8.00-$8.40, and adjusted EPS to $9.00-$9.40. Significant demand in Utility and Electrical Solutions segments drove sales growth, with organic sales increasing by 21%. Margins improved year-over-year despite ongoing supply chain challenges. Net cash used in operating activities was $14.4 million, contrasting with a positive cash flow from 2021. The company anticipates total sales growth of 11-13% for the year.

The Board of Directors of Hubbell Incorporated (NYSE: HUBB) declared a quarterly dividend of $1.05 per share on its common stock. This dividend is scheduled for payment on June 15, 2022, to shareholders of record by May 31, 2022. In 2021, Hubbell reported revenues of $4.2 billion and is recognized as a leading manufacturer of utility and electrical solutions. The company's operational footprint includes manufacturing facilities in both the United States and internationally.

Hubbell Incorporated (NYSE: HUBB) will announce its first quarter 2022 financial results on April 26, 2022, prior to market opening. Following the announcement, a conference call will be held at 10:00 AM ET to discuss the results. Interested parties can find the full press release on Hubbell's corporate website under the Press Release section. Access to the live audio and related materials will be available in the Events and Presentations section of the Investors page. Audio replays can be accessed via phone, the website, or as a podcast after the call.