Hubbell Inc Stock Price, News & Analysis

Hubbell reported strong Q4 2021 results with a diluted EPS from continuing operations of $1.81 and net sales growth of 20%, attributed to price realization and acquisitions. The full year 2021 diluted EPS was $6.66, with a positive outlook for 2022, projecting diluted EPS of $7.75-$8.25. The Electrical Solutions segment saw a 22% sales increase, while Utility Solutions grew by 19%. Despite challenges like material inflation and supply chain disruptions, Hubbell anticipates continued growth driven by robust end markets.

Hubbell Incorporated (NYSE: HUBB) has successfully finalized the sale of its Commercial and Industrial Lighting business to GE Current, a Daintree company. This business specializes in LED lighting and control solutions tailored for commercial and industrial sectors. The sale reflects Hubbell's strategy to streamline operations and focus on core segments. In 2020, Hubbell recorded revenues of $4.2 billion, underscoring its position as a key player in utility and electrical solutions.

The Board of Directors of Hubbell (NYSE: HUBB) declared a quarterly dividend of $1.05 per share, payable on March 15, 2022, to shareholders on record by February 28, 2022.

With 2020 revenues of $4.2 billion, Hubbell is a leading manufacturer of reliable electrical and utility solutions and operates globally from its headquarters in Shelton, CT.

Hubbell Incorporated (NYSE: HUBB) has corrected the date for its fourth quarter 2021 earnings release to February 3, 2022. The financial results will be disclosed before market opening, followed by a conference call at 10:00 AM ET to discuss the outcomes. Investors can find the full press release on Hubbell's corporate website under the 'Press Release' section. Additionally, audio replays of the call will be available through various methods, including phone, website, and podcast.

Hubbell Incorporated (NYSE: HUBB) will announce its fourth quarter 2021 financial results before market opening on February 3, 2021. Following this, the company will host a webcast Analysts' Conference Call at 10:00 AM ET to discuss the results. Interested parties can access the full press release and conference call materials via Hubbell's corporate website under the 'Press Releases' and 'Events and Presentations' sections. Audio replays will be available through multiple channels, including a dedicated phone number and podcast format.

Hubbell reported Q3 2021 earnings with a diluted EPS of $1.98 and adjusted EPS of $2.24, reflecting a 9% increase in net sales year-over-year. Despite challenges from material inflation and supply chain issues, price increases helped mitigate operational headwinds. The company anticipates full-year sales growth of 12-13% and adjusted EPS between $8.30 and $8.50. Operational highlights include a strong customer demand for utility solutions, although unit volumes were slightly down due to supply constraints. Free cash flow for Q3 was $70 million, down from $135.2 million in the prior year.

Hubbell Incorporated (NYSE: HUBB) announced the sale of its Commercial and Industrial Lighting business to GE Current for $350 million. This transaction aims to streamline Hubbell's portfolio, focusing on higher growth and margin opportunities. The lighting business generated approximately $515 million in sales in 2020. The deal is expected to close in Q1 2022, pending regulatory approvals, with proceeds potentially used for acquisitions and share repurchases. The CEO expressed confidence in the strategic partnership with GE Current.