Hubbell Inc filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$HUBB
Electrical Products
Technology
Get the next $HUBB alert in real time by email
hubb-20240430
0000048898false00000488982024-04-302024-04-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 30, 2024 
HUBBELL INCORPORATED
(Exact name of registrant as specified in its charter)
 
Connecticut1-295806-0397030
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
40 Waterview Drive
Shelton,Connecticut06484
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (475882-4000
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock - par value $0.01 per shareHUBBNew York Stock Exchange




Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨



ITEM 2.02 Results of Operations and Financial Condition.
On April 30, 2024, Hubbell Incorporated (the “Company”) issued a press release announcing results for the first quarter and three months ended March 31, 2024.
The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and hereby incorporated in this Item 2.02 by reference. The information in this Item 2.02, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS — Certain of the statements contained in this report and the exhibit attached hereto, including, without limitation, statements as to management’s good faith expectations and belief are forward-looking statements. Forward-looking statements are made based upon management’s expectations and belief concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management. Investors should consider this cautionary statement as well as the "Risk Factors" and other factors described in our periodic reports filed with the Securities and Exchange Commission when evaluating our forward-looking statements.

ITEM 9.01 Financial Statements and Exhibits.
 
EXHIBIT NO.DOCUMENT DESCRIPTION
104*Cover Page Interactive Data File (formatted as Inline XBRL)
*Filed herewithin.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
HUBBELL INCORPORATED
By:/s/ Jonathan M. Del Nero
Name:Jonathan M. Del Nero
Title:Vice President, Controller
Date: April 30, 2024

Get the next $HUBB alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$HUBB

DatePrice TargetRatingAnalyst
11/26/2024$493.00 → $473.00Buy → Hold
Deutsche Bank
11/5/2024$535.00Outperform
Bernstein
10/10/2024$385.00 → $454.00Overweight → Neutral
JP Morgan
9/6/2024$431.00 → $441.00Hold → Buy
Deutsche Bank
9/6/2024$407.00Equal-Weight
Morgan Stanley
3/11/2024$427.00Hold
Deutsche Bank
12/8/2023$338.00Outperform
TD Cowen
12/4/2023$325.00Equal Weight
Barclays
More analyst ratings

$HUBB
Press Releases

Fastest customizable press release news feed in the world

See more
  • Hubbell Incorporated Declares New Share Repurchase Program

    Shelton, CT, Feb. 12, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today approved a new share repurchase authorization of up to $500 million, set to expire in February 2028. This new program is in addition to the existing share repurchase program set to expire in October 2025, under which the Company's remaining authorization was $260 million as of December 31, 2024. About the Company Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2024 revenues of $5.6 billion, Hubbell solutions electrify economies and energize communit

    $HUBB
    Electrical Products
    Technology
  • Hubbell Reports Fourth Quarter 2024 and Full Year Results

    Shelton, CT, Feb. 04, 2025 (GLOBE NEWSWIRE) -- HUBBELL REPORTS FOURTH QUARTER 2024 AND FULL YEAR RESULTS Q4 diluted EPS of $3.64; adjusted diluted EPS of $4.10 (up 11% y/y)Q4 net sales -1% (organic -3%; net M&A +3%)Q4 operating margin 19.3%; adjusted operating margin 21.8% (up 240bps y/y)FY 2024 diluted EPS of $14.37; adjusted diluted EPS of $16.57FY 2025 diluted EPS expected range of $16.00-$16.50; adj. diluted EPS of $17.35-$17.85 SHELTON, CT. (February 4, 2025) – Hubbell Incorporated (NYSE:HUBB) today reported operating results for the fourth quarter and full year ended December 31, 2024. "Hubbell delivered double-digit growth in operating profit, earnings per share and free cash f

    $HUBB
    Electrical Products
    Technology
  • Hubbell Incorporated Declares Regular Quarterly Dividend

    Shelton, CT, Jan. 31, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a regular quarterly dividend of $1.32 per share on the Company's common stock. The dividend will be paid March 17, 2025 to shareholders of record on February 28, 2025.  Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently. With 2023 revenues of $5.4 billion, Hubbell solutions energize economies and electrify communities in front of and behind the meter. The corporate headquarters is located in Shelton, CT. Contact:     Dan Innamorato                    Hubbell I

    $HUBB
    Electrical Products
    Technology

$HUBB
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$HUBB
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$HUBB
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$HUBB
SEC Filings

See more

$HUBB
Leadership Updates

Live Leadership Updates

See more
  • Booz Allen Appoints Debra L. Dial to Board of Directors

    Booz Allen Hamilton Holding Corporation (NYSE:BAH), the parent company of consulting firm Booz Allen Hamilton Inc., announced today that it has appointed Debra L. Dial to the Board of Directors, effective January 2, 2025. Dial is the former Senior Vice President, Chief Accounting Officer, and Controller of global telecommunications company AT&T Inc. (NYSE:T). She previously served as Vice President of Finance for AT&T Capital Management, where she was responsible for capital allocation, budgeting, and governance, and as Chief Financial Officer for the AT&T Chief Information and Technology Officers. Prior to joining AT&T in 1996, Dial spent ten years with KPMG's audit practice. With more

    $BAH
    $DOW
    $HUBB
    $T
    Professional Services
    Consumer Discretionary
    Major Chemicals
    Industrials
  • Lululemon Athletica & Hubbell Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

    NEW YORK, Oct. 13, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the opening of trading on Wednesday, October 18: Lululemon Athletica Inc. (NASD:LULU) will replace Activision Blizzard Inc. (NASD:ATVI) in the S&P 500. S&P 500 and S&P 100 constituent Microsoft Corp. (NASD: MSFT) acquired Activision Blizzard in a transaction completed today, October 13.  S&P MidCap 400 constituent Hubbell Inc. (NYSE:HUBB) will replace Organon & Co. (NYSE:OGN) in the S&P 500, S&P SmallCap 600 constituent Onto Innovation Inc. (NYSE:ONTO) will replace Hubbell in the S&P MidCap 400, and Organon & Co will re

    $ATVI
    $HUBB
    $LULU
    $MSFT
    Computer Software: Prepackaged Software
    Technology
    Electrical Products
    Apparel
  • Hubbell Announces New Segment Leadership

    Shelton, CT, June 07, 2023 (GLOBE NEWSWIRE) -- Hubbell Announces New Segment Leadership Allan Connolly, current President of Hubbell Utility Solutions segment retiringGreg Gumbs appointed President of Hubbell Utility Solutions segmentMark Mikes appointed President of Hubbell Electrical Solutions segment Shelton, CT, June 7, 2023 - Hubbell Incorporated (NYSE:HUBB) ("Hubbell" or the "Company") today announced that Allan Connolly, President of Hubbell Utility Solutions ("HUS"), will retire effective July 1, 2023. Greg Gumbs will serve as President of HUS upon Mr. Connolly's retirement. The Company further announced today the appointment of Mark Mikes as President of the Hubbell Electrica

    $HUBB
    Electrical Products
    Technology

$HUBB
Financials

Live finance-specific insights

See more
  • Hubbell Reports Fourth Quarter 2024 and Full Year Results

    Shelton, CT, Feb. 04, 2025 (GLOBE NEWSWIRE) -- HUBBELL REPORTS FOURTH QUARTER 2024 AND FULL YEAR RESULTS Q4 diluted EPS of $3.64; adjusted diluted EPS of $4.10 (up 11% y/y)Q4 net sales -1% (organic -3%; net M&A +3%)Q4 operating margin 19.3%; adjusted operating margin 21.8% (up 240bps y/y)FY 2024 diluted EPS of $14.37; adjusted diluted EPS of $16.57FY 2025 diluted EPS expected range of $16.00-$16.50; adj. diluted EPS of $17.35-$17.85 SHELTON, CT. (February 4, 2025) – Hubbell Incorporated (NYSE:HUBB) today reported operating results for the fourth quarter and full year ended December 31, 2024. "Hubbell delivered double-digit growth in operating profit, earnings per share and free cash f

    $HUBB
    Electrical Products
    Technology
  • Hubbell Incorporated Declares Regular Quarterly Dividend

    Shelton, CT, Jan. 31, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a regular quarterly dividend of $1.32 per share on the Company's common stock. The dividend will be paid March 17, 2025 to shareholders of record on February 28, 2025.  Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently. With 2023 revenues of $5.4 billion, Hubbell solutions energize economies and electrify communities in front of and behind the meter. The corporate headquarters is located in Shelton, CT. Contact:     Dan Innamorato                    Hubbell I

    $HUBB
    Electrical Products
    Technology
  • Hubbell to Announce Fourth Quarter 2024 Results on February 4, 2025

    Shelton, CT, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE:HUBB) today announced it will release its fourth quarter 2024 financial results prior to the opening of the market on February 4th, 2025. The Company will then webcast its Analysts' Conference Call to discuss the results at 10:00 AM ET.  The full text of the press release announcing the results will be posted on Hubbell's corporate website under the Press Release section. You can also access this information by going to www.hubbell.com and selecting "Investors" from the options at the bottom of the page and then "Press Releases" from the drop-down menu.  The live audio of the conference call and accompanying materi

    $HUBB
    Electrical Products
    Technology

$HUBB
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more