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.
The Board of Directors of Hubbell Incorporated (NYSE:HUBB) has declared a quarterly dividend of $1.12 per share, payable on March 15, 2023, to shareholders of record by February 28, 2023. This reflects the company's commitment to returning value to its investors. Hubbell, a leading manufacturer of utility and electrical solutions, recorded $4.2 billion in revenue for 2021, highlighting its capacity to support critical infrastructure. The corporate headquarters is located in Shelton, CT.
Hubbell Incorporated (NYSE: HUBB) announced it will release its fourth quarter 2022 financial results before the market opens on January 31, 2023. Following the announcement, an Analysts' Conference Call will be held at 10:00 AM ET to discuss the results. Investors can find the full press release on Hubbell's corporate website under the Press Releases section. With 2021 revenues of $4.2 billion, Hubbell is known for its utility and electrical solutions that support critical infrastructure across communities.
Hubbell reported strong Q3 2022 results, with diluted EPS of $2.78 and adjusted EPS of $3.08, reflecting a 21% sales increase. The Utility Solutions segment saw a remarkable 29% sales growth, driven by robust demand in grid modernization and electrification. Operating margin expanded significantly, with adjusted operating income reaching $144.1 million. For FY 2022, the company raised its EPS guidance to $9.10-$9.30. Free cash flow improved to $194.3 million, showcasing strong operational performance despite ongoing supply chain challenges.
On October 21, 2022, Hubbell Incorporated (NYSE:HUBB) announced a 7% increase in its common stock dividend, raising the annual payment to $4.48 per share. The new quarterly dividend of $1.12 will be distributed on December 15, 2022, to shareholders of record by November 30, 2022. In addition, the company authorized a $300 million share repurchase program set to expire in October 2025. These financial moves reflect Hubbell's ongoing commitment to enhancing shareholder value, following reported revenues of $4.2 billion in 2021.
Hubbell Incorporated (NYSE: HUBB) will release its third quarter 2022 financial results on October 25, 2022, before market opening. Following the release, a live Analysts' Conference Call will take place at 10:00 AM ET, where results will be discussed. Interested parties can access the webcast and related materials via Hubbell's corporate website. In 2021, Hubbell generated revenues of $4.2 billion, providing utility and electrical solutions to support critical infrastructure.
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.
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