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) 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.
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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.
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.