Hubbell Inc.
Hubbell Reports Q3 2024 Financial Results
Summary
Hubbell Incorporated reported a 14% year-over-year increase in adjusted diluted EPS to $4.49 for Q3 2024, and raised its full-year 2024 adjusted diluted EPS outlook to $16.35-$16.55. Net sales increased by 5%, driven by acquisitions, while organic net sales decreased by 1%. The company maintained solid operating margins and free cash flow. A press release with further details is furnished as Exhibit 99.1.
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Exhibits (1)
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About Hubbell Inc.
Hubbell Inc. is a prominent manufacturer of electrical and electronic products globally. The company primarily focuses on designing, manufacturing, and selling quality electrical and utility solutions that play a crucial role in improving overall infrastructure efficiency and safety. Hubbell's extensive product range includes lighting fixtures, wiring devices, power distribution units, and other electrical components vital for residential, commercial, and industrial applications. Serving sectors like construction, energy, utility, and telecommunications, its products facilitate essential electrical and power connections and controls across various infrastructure projects. Founded in 1888, Hubbell has a rich history of innovation and adaptability, positioning itself as a significant player in enhancing operational reliability and connectivity in the markets it serves. With a commitment to meeting the evolving needs of a forward-moving society, Hubbell Inc. continues to influence the development and modernization of critical infrastructure systems around the world, underscoring its importance in the global market.
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