Hubbell Inc.
Hubbell Reports 11% Increase in Adjusted Diluted EPS for Q4 2024
Summary
Hubbell Incorporated reported Q4 2024 results with adjusted diluted EPS of $4.10, showing an 11% year-over-year increase. The company's Q4 net sales declined by 1% to $1,334.3 million, while operating margin increased by 2.5 percentage points to 19.3%. For the full year 2024, diluted EPS was $14.37, and adjusted diluted EPS was $16.57. Hubbell anticipates continued growth in 2025 with expected diluted EPS between $16.00 and $16.50 and adjusted diluted EPS between $17.35 and $17.85.
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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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