Jeffrey Sprague's questions to Hubbell Inc (HUBB) leadership • Q3 2024
Question
In a follow-up, Jeffrey Sprague of Vertical Research Partners requested more detail on the organic growth of the recently acquired Systems Control business and asked for the current percentage of COGS that is U.S.-based.
Answer
CFO William Sperry described Systems Control's growth as 'very handsome' but noted it is not perfectly linear. Executive Daniel Innamorato clarified the business is on track for its $400 million revenue expectation this year. Both Sperry and CEO Gerben Bakker stated that a 'significant portion' of COGS is now North American-based but did not provide a specific percentage.