Hubbell Inc
Description
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies. It also designs and manufactures various industrial controls, and communication systems for use in the non-residential and industrial markets, as well as in the oil and gas, and mining industries. This segment sells its products through electrical and industrial distributors, home centers, retail and hardware outlets, lighting showrooms, and residential product-oriented internet sites; and special application products primarily through wholesale distributors to contractors, industrial customers, and original equipment manufacturers. The Utility Solution segment designs, manufactures, and sells electrical distribution, transmission, substation, and telecommunications products, such as arresters, insulators, connectors, anchors, bushings, and enclosures cutoffs and switches; and utility infrastructure products, including smart meters, communications systems, and protection and control devices. This segment sells its products to distributors. Its brand portfolio includes Hubbell, Kellems, Bryant, Burndy, CMC, Bell, TayMac, Wiegmann, Killark, Hawke, Aclara, Fargo, Quazite, Hot Box, etc. The company was founded in 1888 and is headquartered in Shelton, Connecticut.
About
CEO
Mr. Gerben W. Bakker
Employees
18,000
Instrument type
Common Stock
Sector
Industrials
Industry
Electrical Equipment & Parts
MIC code
XNYS
Address
40 Waterview Drive, Shelton, CT 06484-1000, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 27, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 4, 2025 | 4.02 | — | — | — |
| Oct 29, 2024 | 4.45 | 4.49 | 0.04 | 0.90% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 10 | — | 14 |
| Average estimate | — | 3.82 | — | 17.70 |
| Low estimate | — | 3.65 | — | 17.02 |
| High estimate | — | 3.99 | — | 18.59 |
| Last year EPS | — | 3.60 | — | 16.41 |
[stock_revenue_estimate]
Growth estimates
Current qtr
8.860%
Next qtr. (Mar 2025)
6.210%
Current year
7.070%
Next year (Dec 2025)
7.840%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 5.37B | 4.95B | 4.19B | 3.68B | 3.95B |
| Cost of revenue | 3.48B | 3.48B | 3.04B | 2.60B | 2.78B |
| Gross profit | 1.89B | 1.47B | 1.15B | 1.09B | 1.17B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 849.60M | 769.50M | 619.20M | 591.30M | 644.90M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 1.04B | 702.10M | 532.30M | 494.50M | 526.70M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 36.70M | 49.60M | 54.70M | 60.10M | 68.60M |
| Other income expense | -18.50M | 4.50M | -18.30M | -9.90M | 11.10M |
| Pretax income | 983.30M | 657.00M | 459.30M | 424.50M | 469.20M |
| Tax provision | 217.30M | 140.20M | 88.20M | 89.80M | 101.20M |
| Net income | 766.00M | 551.40M | 405.60M | 355.90M | 368.00M |
| Basic EPS | 14.14 | 9.49 | 7.33 | 6.46 | 7.35 |
| Diluted EPS | 14.05 | 9.43 | 7.28 | 6.43 | 7.31 |
| Basic average shares | 53.60M | 53.70M | 54.30M | 54.20M | 54.40M |
| Diluted average shares | 53.60M | 53.70M | 54.30M | 54.20M | 54.40M |
| EBITDA | 1.17B | 855.10M | 686.80M | 629.10M | 652.50M |
| Net income from continuing op. | 766.00M | 516.80M | 371.10M | 334.70M | 368.00M |
| Minority interests | -6.20M | -5.50M | -6.10M | -4.70M | -6.50M |
| Preferred stock dividends | 1.80M | 1.40M | 1.20M | 1.30M | -39.40M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 6.91B | 5.40B | 5.28B | 5.09B | 4.90B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 336.10M | 440.50M | 286.20M | 258.60M | 182.00M |
| Other short term investments | 12.60M | 14.30M | 9.40M | 9.30M | 14.20M |
| Accounts receivable | 805.50M | 778.00M | 695.70M | 574.10M | 696.80M |
| Other receivables | 29.70M | 22.10M | 24.90M | 21.70M | 29.90M |
| Inventory | 832.90M | 740.70M | 662.10M | 526.70M | 633.00M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | 70.50M | — | 179.50M | 167.90M | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 129.70M | 84.30M | 66.80M | 71.80M | 62.00M |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 34.90M | 29.80M | 28.10M | 27.10M | 37.70M |
| Machinery furniture equipment | 992.40M | 905.70M | 846.60M | 812.90M | 896.00M |
| Construction in progress | 131.60M | 99.00M | 69.50M | 53.70M | 35.30M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -756.10M | -718.60M | -694.40M | -668.70M | -749.10M |
| Goodwill | 6.26B | 4.61B | 4.42B | 4.52B | 4.41B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.20B | 669.90M | 681.50M | 770.60M | 781.50M |
| Investments and advances | 75.80M | 65.90M | 69.10M | 71.10M | 55.70M |
| Other non current assets | 289.00M | 146.90M | 320.80M | 344.00M | 174.60M |
| Total liabilities | 4.02B | 3.03B | 3.04B | 3.00B | 2.94B |
| Current liabilities | |||||
| Accounts payable | 563.50M | 529.90M | 532.80M | 339.20M | 347.70M |
| Accrued expenses | 436.60M | 458.30M | 366.10M | 295.40M | 346.20M |
| Short term debt | 148.00M | 35.20M | 36.80M | 183.70M | 95.00M |
| Deferred revenue | 111.50M | 45.80M | 16.70M | 29.80M | 31.00M |
| Tax payable | 21.10M | 4.50M | 4.80M | 4.50M | 6.00M |
| Pensions | — | — | — | — | — |
| Other current liabilities | 24.60M | — | 91.30M | 79.70M | — |
| Non current liabilities | |||||
| Long term debt | 2.14B | 1.52B | 1.49B | 1.51B | 1.58B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 240.30M | 113.80M | 114.70M | 126.80M | 126.80M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 128.50M | 111.30M | 112.10M | 131.60M | 115.00M |
| Shareholders equity | |||||
| Common stock | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 |
| Retained earnings | 3.18B | 2.71B | 2.56B | 2.39B | 2.28B |
| Other shareholders equity | -312.40M | -345.20M | -330.80M | -329.20M | -332.90M |
| Total shareholders equity | 2.89B | 2.37B | 2.24B | 2.09B | 1.96B |
| Additional paid in capital | 6.10M | — | — | 4.90M | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | 12.30M | 9.70M | 10.90M | 15.40M | 13.40M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 766.00M | 516.80M | 371.10M | 334.70M | 368.00M | 366.10M | 249.90M | 297.80M | 282.10M | 327.20M | 329.80M | 302.10M | 270.20M | 218.80M | 181.30M | 223.20M | 208.30M | 158.10M | 165.10M | 154.70M | 115.10M | 83.20M | 48.30M | 138.20M | 145.80M | 169.40M | 130.30M | 141.50M | 121.90M | 106.50M | 66.30M | 94.10M | 90.60M | 86.00M | 79.40M |
| Depreciation | 149.70M | 148.50M | 149.10M | 144.50M | 137.90M | 148.40M | 98.20M | 90.90M | 85.20M | 79.20M | 70.60M | 66.80M | 68.20M | 72.50M | 70.60M | 63.10M | 60.20M | 55.40M | 50.40M | 48.90M | 52.60M | 49.80M | 53.00M | 54.90M | 52.80M | 48.10M | 43.20M | 39.30M | 36.20M | 34.00M | 30.10M | 26.80M | 22.20M | 17.70M | 16.60M |
| Deferred Taxes | -16.20M | -27.80M | 9.20M | 1.40M | 4.00M | 49.00M | -14.30M | 12.70M | -4.50M | 21.10M | 4.90M | 11.90M | 10.60M | 15.30M | 32.30M | 700,000 | -3.70M | 11.40M | 6.40M | 17.10M | 12.40M | 300,000 | -16.60M | 2.20M | 8.50M | 5.20M | -11.50M | -1.40M | 2.60M | 6.30M | -21.20M | -3.20M | 400,000 | -1.30M | 400,000 |
| Stock-Based Compensation | 26.50M | 24.50M | 17.50M | 21.90M | 14.50M | 24.20M | 22.30M | 22.30M | 17.00M | 16.40M | 14.30M | 15.80M | 15.10M | 11.40M | 10.30M | 12.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -14.80M | -9.20M | 2.40M | -14.60M | 8.50M | -20.60M | 2.70M | -5.20M | -14.70M | -21.80M | 1.30M | -23.30M | -26.50M | -23.90M | -5.20M | 1.60M | 5.80M | 8.90M | 9.60M | 16.90M | -16.50M | 300,000 | — | — | -5.60M | 900,000 | 2.50M | 6.70M | -6.40M | 4.60M | 100,000 | — | — | — | — |
| Accounts Receivable | -1.90M | -74.20M | -124.80M | 41.70M | 35.40M | -75.40M | 3.90M | -42.30M | 1.90M | -17.80M | -30.90M | -1.80M | -51.60M | -26.10M | 85.50M | -3.70M | 27.80M | -30.70M | -16.90M | -61.50M | -5.80M | 20.60M | 43.80M | 17.60M | -15.60M | -200,000 | -13.50M | -20.70M | 3.10M | -12.30M | 8.90M | -15.40M | 2.00M | -1.00M | -12.70M |
| Accounts Payable | 13.20M | -15.30M | 195.10M | 20.70M | -29.30M | 21.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -44.50M | 55.00M | -126.20M | 38.10M | -1.60M | 7.90M | 17.80M | 40.60M | -28.10M | -11.50M | -8.40M | -22.80M | 52.90M | -3.10M | 51.10M | 33.20M | 63.20M | -66.70M | 5.50M | 40.60M | 86.90M | -5.60M | 47.00M | -28.10M | -1.30M | -25.30M | -44.90M | 23.80M | -4.80M | -17.30M | -400,000 | -12.70M | 11.00M | -2.00M | 9.60M |
| Operating Cash Flow | 878.00M | 618.30M | 493.40M | 588.40M | 537.40M | 521.10M | 380.50M | 416.80M | 338.90M | 392.80M | 381.60M | 348.70M | 338.90M | 264.90M | 425.90M | 330.60M | 361.60M | 136.40M | 220.10M | 216.70M | 244.70M | 148.60M | 175.50M | 184.80M | 184.60M | 198.10M | 106.10M | 189.20M | 152.60M | 121.80M | 83.80M | 89.60M | 126.20M | 99.40M | 93.30M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -50.80M | -86.20M | -73.40M | -39.10M | -26.20M | -19.80M | -15.60M | 35.70M | -16.30M | -86.10M | -81.70M | -39.10M | -38.20M | -163.20M | -25.10M | -62.90M | -23.10M | -55.90M | -21.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -1.21B | 155.70M | 8.60M | -239.60M | -37.20M | -1.12B | -184.10M | -173.40M | -163.40M | -183.80M | -96.50M | -83.90M | -29.60M | — | -355.80M | -267.40M | -52.90M | -145.70M | -39.70M | 10.70M | — | -270.20M | -13.70M | -43.60M | -38.30M | -78.40M | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -25.40M | -33.70M | -11.40M | -35.10M | -14.20M | -16.60M | -20.90M | -20.00M | -24.50M | -17.60M | -11.10M | -9.50M | -23.80M | -25.40M | -5.20M | -16.60M | -41.20M | -153.60M | -293.00M | -415.00M | -187.90M | -53.10M | -104.90M | -5.60M | -37.40M | -36.00M | -50.80M | -9.80M | -13.60M | -11.50M | -41.30M | -103.90M | -48.50M | -4.90M | -10.70M |
| Sale of Investments | 21.80M | 23.00M | 11.50M | 28.90M | 12.50M | 20.50M | 17.40M | 13.30M | 13.80M | 12.10M | 10.50M | 19.40M | 9.40M | 14.90M | 14.70M | 20.80M | 38.60M | 317.40M | 374.10M | 329.00M | 82.30M | 97.80M | 162.20M | 19.40M | 27.90M | 44.20M | 15.40M | 15.20M | 47.40M | 47.20M | 17.00M | 3.50M | 24.70M | 5.30M | 13.10M |
| Investing Cash Flow | -1.21B | 147.40M | 18.10M | -240.50M | -35.20M | -1.11B | -165.90M | -163.00M | -172.50M | -182.30M | -92.30M | -67.00M | -31.10M | -7.40M | -343.70M | -257.00M | -105.70M | -66.70M | -30.40M | -108.70M | -122.20M | -237.50M | 32.60M | 14.50M | -66.20M | -196.90M | -102.30M | -74.20M | -2.30M | -126.10M | -71.10M | -165.70M | -99.30M | -54.20M | -19.20M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 600.00M | — | 298.70M | 225.00M | — | 947.50M | 297.60M | 397.00M | — | — | — | — | — | 297.50M | — | 297.70M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -2.20M | -4.80M | -467.60M | -334.90M | -225.80M | -206.80M | -311.60M | -51.50M | -2.00M | -800,000 | -100,000 | -3.10M | — | -201.70M | — | -39.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -33.80M | -20.70M | -44.10M | -17.10M | -24.30M | -22.70M | -16.50M | -15.30M | -213.00M | 7.50M | 6.90M | 14.30M | 6.20M | 5.90M | 1.00M | 800,000 | 7.30M | 6.00M | — | — | — | — | — | — | — | — | — | 100,000 | -100,000 | — | — | -100,000 | 100,000 | -100,000 | — |
| Financing Cash Flow | 386.30M | -441.90M | -584.60M | -247.80M | -471.80M | 468.50M | -216.00M | -110.90M | -381.00M | -218.80M | -133.40M | -189.60M | -220.20M | -5.50M | 44.10M | 48.90M | -216.20M | -130.70M | -110.50M | -55.60M | -57.20M | -66.30M | -81.50M | -219.90M | -129.70M | -151.60M | -87.10M | -64.90M | -62.20M | -49.30M | -48.70M | -51.30M | -41.60M | -43.10M | -42.50M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 336.10M | 440.50M | 286.20M | 258.60M | 179.80M | 189.00M | 375.00M | 437.60M | 343.50M | 653.90M | 740.70M | 645.00M | 569.60M | 520.70M | 258.50M | 178.20M | 77.50M | 45.30M | 110.60M | 139.90M | 119.10M | 40.00M | 33.40M | 74.80M | 24.00M | 30.10M | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 715.10M | 453.90M | 453.60M | 565.20M | 504.90M | 420.90M | 299.30M | 343.80M | 262.30M | 331.20M | 323.00M | 300.00M | 279.60M | 218.90M | 368.30M | 269.80M | 279.30M | 53.10M | 110.70M | 145.00M | 221.30M | 156.90M | 170.70M | 75.20M | 122.30M | 104.30M | 66.90M | 150.10M | 114.40M | -41.40M | 93.40M | 22.30M | 106.20M | 43.50M | 74.40M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,701,477 | 682.14M | 3.17% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 1,405,984 | 563.67M | 2.62% |
| Fidelity Contrafund Inc | Nov 30, 2024 | 745,595 | 298.92M | 1.39% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 671,861 | 269.36M | 1.25% |
| Price (T.Rowe) New Horizons Fund | Sep 30, 2024 | 672,780 | 269.72M | 1.25% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 664,020 | 266.21M | 1.24% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 663,328 | 265.93M | 1.24% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 606,853 | 243.29M | 1.13% |
| Vanguard Mid-Cap Index Fund | Sep 30, 2024 | 568,335 | 227.85M | 1.06% |
| Massachusetts Investors Growth Stock Fund | Nov 30, 2024 | 473,195 | 189.71M | 0.88% |
Article
Hubbell Incorporated (HUBB) Q4 2024 Earnings Call Transcript
Hubbell Incorporated (NYSE:HUBB ) Q4 2024 Results Conference Call February 4, 2025 10:00 AM ET Company Participants Dan Innamorato - Vice President of Investor Relations Gerben Bakker - President and Chief Executive Officer Bill Sperry - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Sprague - Vertical Research Nigel Coe - Wolfe Research Stephen Tusa - JPMorgan Julian Mitchell - Barclays Chris Snyder - Morgan Stanley Tommy Moll - Stephens Christopher Glynn - Oppenheimer Joseph O'Dea - Wells Fargo Brett Linzey - Mizuho Chad Dillard - Bernstein Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2024 Hubbell Incorporated Earnings Conference Call.
Feb 4, 2025
Article
Here's What Key Metrics Tell Us About Hubbell (HUBB) Q4 Earnings
The headline numbers for Hubbell (HUBB) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Feb 4, 2025
Article
Hubbell (HUBB) Beats Q4 Earnings Estimates
Hubbell (HUBB) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $4.02 per share. This compares to earnings of $3.69 per share a year ago.
Feb 4, 2025
