Hubbell Inc

HUBB

Equity

ISIN null / Valor 30890825

New York Stock Exchange, Inc (2025-11-20)

USD 407.36-2.80%

Hubbell Inc
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About company

Hubbell Incorporated, with a history stretching back to the late 19th century, has established itself as a key player in the development and manufacturing of electrical and electronic products for a wide range of applications. Founded during the industrial revolution by Harvey Hubbell, the company initially focused on tooling and equipment to meet the burgeoning demand for assembly and manufacturing machinery. The advent of commercial electric power and the invention of the light bulb opened new avenues for innovation, leading to Hubbell's early patents for the “pull chain lamp socket” and “separable plug and receptacle.” Today, Hubbell continues to prioritize growth and innovation, producing high-quality, dependable products for businesses, manufacturers, utilities, and homeowners. The company operates with a strong support system, including knowledgeable customer care teams and a network of distributors and retailers. These partnerships are crucial for delivering Hubbell's products to the market, ensuring sales support, local inventory, and expertise for the end consumer. This collaborative approach has been instrumental in supporting Hubbell's sustained growth and its ability to meet the evolving needs of its customer base.

Summarized from source with an LLMView SourceSector: Technology

Quarterly Earnings

In the fourth quarter of 2023, Hubbell Inc achieved a diluted earnings per share (EPS) from continuing operations of $3.16. The adjusted diluted EPS from continuing operations stood at $3.69, reflecting robust profitability.

Sales Growth

Net sales from continuing operations increased by 10% in the fourth quarter of 2023, with organic growth contributing 8%. This growth underscores the company's effective sales strategies and market expansion efforts.

Full Year 2023 Performance

For the full year 2023, Hubbell Inc reported a diluted EPS from continuing operations of $14.05 and an adjusted diluted EPS of $15.33. These figures highlight the company's strong financial performance over the year.

2024 Outlook

Looking ahead to 2024, Hubbell Inc expects diluted EPS from continuing operations to range between $14.40 and $14.90, with adjusted diluted EPS projected between $16.00 and $16.50. The company also anticipates total sales growth of 8-10% and organic sales growth of 3-5%, bolstered by acquisitions contributing approximately 5% to total sales growth.

Summarized from source with an LLMView Source

Key figures

-8.58%1Y

60.7%3Y

159%5Y

Performance

31.8%1Y

30.0%3Y

28.5%5Y

Volatility