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 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.
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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.
The Board of Directors of Hubbell Incorporated declared a 7% increase in its common stock dividend, raising the annual rate to $4.20 per share, or $1.05 quarterly, up from $3.92 per share. This dividend will be paid on December 15, 2021, to shareholders on record as of November 30, 2021. In 2020, the company reported revenues of $4.2 billion, highlighting its strong position as a manufacturer of utility and electrical solutions.
Hubbell Incorporated (NYSE: HUBB) will announce its third quarter 2021 financial results on October 26, 2021, before the market opens. An Analysts' Conference Call will follow at 10:00 AM ET to discuss these results. Investors can access the full press release on Hubbell's website under the Press Release section. Live audio and materials from the conference call will also be available on their Events and Presentations page. Replays of the call will be accessible via phone and online until November 25, 2021.