Hubbell (NYSE:HUBB) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Hubbell beat Q1 estimates with adjusted EPS of $3.93 (vs. $3.87 expected) and revenue of $1.517 billion (+11.1% YoY), and raised FY2026 guidance to adjusted EPS of $19.30–$19.85 and total sales growth of 8%–11% (6%–9% organic).
• Management cited strong end‑market momentum—double‑digit growth in Utility Solutions and ~40% growth in data‑center markets—and highlighted a ~$1.5 billion 10‑year addressable opportunity in 765 kV high‑voltage transmission with early project wins.
• The company is prioritizing cash returns and conversion, announcing a quarterly dividend of $1.42 (annualized $5.68, ~1.1% yield), repurchasing $168 million of stock in Q1, and targeting at least 90% free‑cash‑flow conversion on adjusted net income.

Hubbell (NYSE:HUBB - Get Free Report) announced its earnings results on Thursday. The industrial products company reported $3.93 EPS for the quarter, topping analysts' consensus estimates of $3.87 by $0.06, Briefing.com reports. The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. Hubbell updated its FY 2026 guidance to 19.300-19.850 EPS.

Here are the key takeaways from Hubbell's conference call:

• Hubbell reported strong Q1 results with $1.517 billion in net sales (up 11%), 8% organic growth, adjusted operating profit up 18% and adjusted EPS of $3.93 (up 16%).
• Management raised full‑year guidance to 8%–11% total sales growth, 6%–9% organic growth and adjusted EPS of $19.30–$19.85, and expects at least 90% free cash‑flow conversion on adjusted net income.
• Company highlighted a long‑term opportunity in 765 kV high‑voltage transmission—an addressable market of about $1.5 billion over 10 years—with early project wins, product development and capacity investments that could add roughly a point of upside to transmission growth.
• Segment trends are robust—Utility Solutions drove double‑digit growth led by grid infrastructure and margin expansion, while Electrical Solutions delivered ~40% growth in data center markets (now guided >25% for the year); meter/AMI and grid automation remain weak but are expected to stabilize.
• Inflation accelerated versus prior assumptions but management says pricing and productivity offset costs dollar‑for‑dollar in Q1; they are increasing capacity and restructuring investments (R&R roughly $13M in Q1) and repurchased $168M of stock that is neutral to 2026 EPS but expected to be accretive in 2027.

Hubbell Trading Up 0.0%

HUBB stock traded up $0.13 during mid-day trading on Friday, reaching $508.30. The company had a trading volume of 694,791 shares, compared to its average volume of 567,624. The company has a market capitalization of $27.02 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.76 and a beta of 1.00. The firm has a 50 day moving average of $508.77 and a 200 day moving average of $476.92. Hubbell has a 12 month low of $346.07 and a 12 month high of $565.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, May 29th. Hubbell's dividend payout ratio is currently 34.07%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore raised their price target on Hubbell from $575.00 to $585.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 target price on shares of Hubbell in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Hubbell in a research note on Thursday, January 22nd. Wells Fargo & Company upped their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an "overweight" rating in a report on Friday. Finally, Stephens reissued an "overweight" rating and issued a $550.00 price objective on shares of Hubbell in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $537.25.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president directly owned 2,769 shares of the company's stock, valued at $1,386,161.40. The trade was a 44.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the sale, the chief executive officer owned 64,420 shares of the company's stock, valued at $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 over the last three months. Company insiders own 0.63% of the company's stock.

Institutional Trading of Hubbell

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Hubbell by 16.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,001 shares of the industrial products company's stock worth $2,221,000 after acquiring an additional 695 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Hubbell by 16.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,668 shares of the industrial products company's stock valued at $741,000 after purchasing an additional 234 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Hubbell by 10.2% in the 4th quarter. Corient Private Wealth LLC now owns 7,544 shares of the industrial products company's stock worth $3,350,000 after purchasing an additional 697 shares during the period. Alpine Woods Capital Investors LLC lifted its position in shares of Hubbell by 79.2% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 1,541 shares of the industrial products company's stock worth $684,000 after purchasing an additional 681 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Hubbell by 173.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,051 shares of the industrial products company's stock valued at $6,684,000 after purchasing an additional 9,544 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Hubbell News Roundup

Here are the key news stories impacting Hubbell this week:

• Positive Sentiment: Wells Fargo raised its price target on HUBB to $560 (from $530) and assigned an "overweight" rating, implying roughly a double-digit upside from current levels — a notable analyst endorsement that can attract momentum buyers. Read More.
• Positive Sentiment: Management set FY2026 adjusted EPS guidance of $19.30–$19.85 and raised its sales growth outlook to 8%–11%, signaling confidence in revenue expansion and margin sustainability for the year. That guidance aligns with street expectations and reduces forecast uncertainty. Read More.
• Positive Sentiment: Q1 results beat: EPS of $3.93 vs. $3.87 expected and revenue of $1.52B vs. $1.50B expected; revenue was +11.1% YoY and margins/ROE remain strong — concrete evidence the business is executing. Read More.
• Positive Sentiment: Management’s earnings call emphasized a “confident growth path,” reinforcing the upbeat guidance and giving investors more color on end-market demand and product momentum. Read More.
• Neutral Sentiment: Wider coverage and analysis (earnings transcripts and analyst write-ups) are being published today, providing detail for investors but no new material surprises beyond the beat and guidance. Read More.
• Neutral Sentiment: Multiple outlets (Zacks, Kalkine, MarketBeat) note the quarter’s metrics and guidance; these pieces may help reaffirm the view but are largely confirmatory. Read More.

About Hubbell

Hubbell Incorporated NYSE: HUBB is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company's offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.

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