HUBBELL INC Chief Human Resources Officer Alyssa R. Flynn reported a stock-based compensation event. She received 543 shares of common stock as a performance share award that vested at 147% of its target, based on the company’s relative sales growth versus the Standard & Poor's Capital Goods 900 Index over a three-year period.
Upon vesting, 252 shares were withheld to cover taxes, a routine non‑market disposition, leaving her with 4,224 shares of common stock held directly.
Hubbell Inc. vice president and controller Jonathan M. Del Nero reported compensation-related stock activity tied to a performance share award. On vesting of this award, he acquired 232 shares of common stock, while 73 shares were withheld to cover taxes at an implied value of $513.18 per share. The performance award, originally granted on February 7, 2023, vested at 147% of its target amount based on Hubbell’s relative sales growth versus companies in the Standard & Poor's Capital Goods 900 Index over a three-year period. Following these transactions, Del Nero directly holds 3,480 Hubbell common shares. No open-market purchases or sales were reported; the filing reflects equity compensation vesting and associated tax withholding.
Hubbell Inc Senior Vice President and CFO Joseph Anthony Capozzoli reported routine equity compensation activity in company Common Stock. A performance share award granted on February 7, 2023 vested based on the company’s relative sales growth versus the Standard & Poor's Capital Goods 900 Index, paying out at 147% of its target. Upon vesting, he acquired 310 shares, while 98 shares were withheld to cover tax obligations at a reference price of $513.18 per share, a non-market disposition. Following these transactions, he directly holds about 6,624.641 shares, including reinvested dividends.
Hubbell Inc. Chairman, President & CEO Gerben Bakker reported routine equity compensation activity. He received 5,781 shares of common stock from a performance share award that vested based on the company’s relative sales growth, and 2,679 shares were withheld to cover taxes. Following these transactions, he directly owns 79,081 shares of Hubbell common stock.
Hubbell Incorporated held its 2026 Annual Meeting of Shareholders, where investors voted on board members, executive pay and the external auditor. Shareholders elected eleven directors to serve until the 2027 annual meeting, with each nominee receiving more votes in favor than against.
Investors also approved the non-binding advisory vote on compensation for the Named Executive Officers, with 40,178,603 affirmative votes versus 4,972,204 negative votes. In addition, shareholders ratified the selection of PricewaterhouseCoopers LLP as Hubbell’s independent registered public accounting firm for 2026, supported by 42,197,403 votes in favor.
Hubbell Incorporated has agreed to acquire NSI Industries by purchasing all of NSI’s stock for $3.0 billion in cash, subject to customary adjustments. NSI supplies electrical fittings, connectors, components and wire management products serving industrial, infrastructure and commercial markets.
The deal is expected to close in mid-2026, after antitrust clearance under the Hart-Scott-Rodino Act and other standard conditions, including no Material Adverse Effect. Hubbell plans to fund the purchase with cash and debt and has secured commitments for up to $2.8 billion of senior unsecured bridge loans.
NSI anticipates 2026 revenue of about $570 million, and Hubbell expects the transaction to be accretive to adjusted EPS in 2026 and to Hubbell Electrical Solutions’ adjusted operating margins, while supporting long-term organic growth through cross-selling and channel opportunities.
Hubbell Incorporated reported higher first-quarter 2026 results, with net sales rising to $1,516.7 million from $1,365.2 million, an 11.1% increase driven by 8.2% organic growth from better pricing and higher volume.
Net income attributable to Hubbell reached $181.8 million, up from $163.2 million, while diluted EPS increased to $3.41 from $3.03. Adjusted diluted EPS was $3.93, reflecting add-backs for acquisition-related amortization and transaction costs. Utility Solutions sales grew to $948.9 million and Electrical Solutions to $567.8 million, with strong demand in grid infrastructure, datacenter, and light industrial markets partly offset by softer grid automation and heavy industrial activity.
Gross margin expanded to 33.3% as pricing, productivity, and volume gains more than offset material, tariff, and other cost inflation. Operating margin improved to 17.4%, or 19.8% on an adjusted basis. Operating cash flow strengthened to $86.6 million, helped by higher earnings and lower pension contributions, while the balance sheet showed $501.6 million in cash, $2,037.0 million of long-term debt, and $536.0 million of short-term debt after financing 2025 acquisitions, including DMC Power.
Hubbell Inc reported a Schedule 13G showing Vanguard Capital Management beneficially owns 3,978,074 shares, equal to 7.50% of common stock. The filing states Vanguard has sole dispositive power over 3,978,074 shares and sole voting power for 519,838 shares. The filing is signed by Vanguard's Head of Global Fund Administration on 04/30/2026.
Hubbell Incorporated reported strong first quarter 2026 results with net sales of $1.52 billion, up 11% from 2025, driven by growth in both Utility Solutions and Electrical Solutions. GAAP diluted EPS rose to $3.41, while adjusted diluted EPS reached $3.93, a 16% year-over-year increase.
Operating margin expanded to 17.4%, and adjusted operating margin improved to 19.8%, reflecting volume growth in higher-margin businesses and favorable price and productivity. Free cash flow improved to $46 million from $11.4 million a year earlier.
For full-year 2026, Hubbell now expects total sales growth of 8–11%, organic growth of 6–9%, GAAP diluted EPS of $17.45–$18.00, and adjusted EPS of $19.30–$19.85, including $15–$20 million of anticipated restructuring and related investment.
Vanguard Portfolio Management reported beneficial ownership of 2,685,064 shares of Hubbell Inc Common Stock, representing 5.06% of the class as of 03/31/2026. The filing states Vanguard Portfolio Management has sole power to dispose of 2,685,064 shares and sole voting power over 6,488 shares. The filing notes these holdings include securities held for Vanguard funds and managed accounts and clarifies no other single person holds more than 5% of the class. The filing was signed on 04/29/2026.