HUBBELL (HUBB) Company Report

On November 14, 2025, Hubbell completed a public offering of $400 million aggregate principal amount of 4.800% Senior Notes due 2035.
Net proceeds of $392.0 million are expected to be used, together with cash on hand, to redeem in full $400 million of existing 3.350% Senior Notes due 2026, with redemption set for December 1, 2025.
The Notes are unsecured, unsubordinated obligations under the Base Indenture (dated September 15, 1995), bear interest at 4.800% per annum payable semi-annually on May 15 and November 15, and mature on November 15, 2035.
The Notes are redeemable at the company’s option and include a change-of-control provision allowing holders to require the company to repurchase the Notes at 101% of principal plus accrued interest.

Nov 14, 2025, 9:33 PM

8-K

Hubbell prices $400M 4.80% senior notes due 2035

HUBB

Debt Issuance

Hubbell Inc. priced a $400 million offering of 4.80% senior notes due 2035 on October 30, 2025
The offering is expected to close November 14, 2025, and net proceeds, together with cash on hand, will fully redeem the company’s 3.350% notes due March 1, 2026
BofA Securities, HSBC Securities and J.P. Morgan acted as joint book-running managers for the issuance

Nov 4, 2025, 9:06 PM

8-K

Hubbell reports Q3 2025 results

HUBB

Earnings

Guidance Update

CFO Change

Sales grew 4% to $1.5 billion, operating profit rose 4% to $358 million, adjusted EPS increased 12%, and free cash flow climbed 34%.
Achieved strong high single-digit organic growth in Electrical Solutions and Grid Infrastructure; Grid Automation sales declined 18% but are forecast to normalize in Q4.
Raised full-year 2025 adjusted EPS guidance to $18.10–18.30, driven by margin improvements and a lower tax rate.
Completed acquisition of DMC Power in October, projected to add approximately $0.20 to adjusted EPS in 2026.
Announced CFO Bill Sperry will retire at year-end, with Joe Capozzoli appointed as successor effective 2026.

Oct 28, 2025, 2:00 PM

Transcript

Hubbell reports Q3 2025 results and raises full-year outlook

HUBB

Earnings

Guidance Update

CFO Change

Q3 sales increased 4% to $1.5 billion, operating profit rose 4% to $358 million, adjusted EPS grew 12%, and free cash flow jumped 34% to $254 million.
Organic growth was driven by high single-digit gains in Electrical Solutions and Grid Infrastructure, while Grid Automation declined 18%, with normalization expected in Q4.
Full-year 2025 EPS guidance was raised to $18.10–$18.30 (previously $17.65–$18.15), underpinned by 3–4% organic growth and 50–100 bps of margin expansion.
Closed the acquisition of DMC Power (adding ~$0.20 EPS accretion in 2026) and announced CFO Bill Sperry’s retirement, with Joe Capozzoli named successor effective 2026.

Oct 28, 2025, 2:00 PM

Transcript

Hubbell reports Q3 2025 results

HUBB

Earnings

Guidance Update

M&A

Hubbell’s Q3 sales rose 4% to $1.5 billion, operating profit increased 4% to $358 million, adjusted EPS grew 12%, and free cash flow jumped 34% to $254 million.
In the utility segment, sales climbed 1% to $944 million, driven by high single-digit growth in grid infrastructure offset by an 18% decline in grid automation, while the electrical segment delivered 10% sales growth, 8% organic growth and 140 bps of margin expansion on strong data center demand.
Full-year 2025 adjusted EPS guidance was raised to $18.10–$18.30 (midpoint $18.20), reflecting 3–4% organic growth, 50–100 bps of margin expansion and a lower tax rate.
Closed the acquisition of DMC Power in early October, expected to add approximately $0.20 of adjusted EPS in 2026.

Oct 28, 2025, 2:00 PM

Transcript

Hubbell reports Q3 2025 earnings and raises 2025 outlook

HUBB

Earnings

Guidance Update

M&A

Q3 net sales of $1,502 million (+4%), adjusted operating profit of $358 million (+4%), adj. diluted EPS of $5.17 (+12%) and free cash flow of $254 million (+34%).
Electrical Solutions delivered $559 million in sales (+10%; organic +8%) with a 20.8% adjusted operating margin, while Utility Solutions posted $944 million in sales (+1%; grid infrastructure +8%, grid automation –18%).
Raised full-year 2025 adjusted diluted EPS guidance to $18.10–$18.30 (up 3–4%), with expected double-digit Q4 EPS growth and ~90% free cash flow conversion on adjusted income.
Closed acquisition of DMC Power, financed with a $600 million term loan and $225 million commercial paper; anticipate ~$130 million revenue and $0.20 EPS accretion in 2026.

Oct 28, 2025, 2:00 PM

Presentation

Hubbell reports Q3 2025 results

HUBB

Earnings

Guidance Update

Hubbell delivered Q3 diluted EPS of $4.77 and adjusted diluted EPS of $5.17, with net sales of $1.502 billion (+4% YoY, organic +3%) and GAAP operating margin of 22.0% (adjusted 23.9%).
Utility Solutions net sales grew 1% to $944 million (organic +1%), led by Grid Infrastructure +9% and offset by Grid Automation −18%, while Electrical Solutions net sales rose 10% to $559 million (organic +8%).
Effective tax rate decreased to 17.5% (vs 21.0%), supporting cash generation: operating cash flow of $284 million and free cash flow of $254 million in Q3 2025.
Raised full-year 2025 guidance to diluted EPS of $16.55–$16.75 and adjusted EPS of $18.10–$18.30, expecting 3–4% organic sales growth and a 20.5–21.0% tax rate.

Oct 28, 2025, 12:11 PM

8-K

Hubbell increases dividend by 8%

HUBB

Dividends

The Board declared an 8% increase in the annual common stock dividend, raising it to $5.68 per share from $5.28 per share.
The quarterly dividend will be $1.42, up from $1.32.
The dividend is payable on December 15, 2025 to shareholders of record on November 28, 2025.
Hubbell reported 2024 revenues of $5.6 billion and is headquartered in Shelton, CT.

Oct 24, 2025, 4:00 PM

Press Release

Hubbell completes acquisition of DMC Power

HUBB

M&A

Debt Issuance

On October 1, 2025, Hubbell Incorporated closed its acquisition of DMC Power, LLC from Golden Gate Capital for $825 million in cash.
The transaction was financed with $600 million of unsecured term loans and issuances of commercial paper under a new credit facility.
DMC Power is a designer and manufacturer of high-voltage connector technology with over 350 employees across two U.S. manufacturing sites and multiple distribution centers.
Hubbell reported 2024 revenues of $5.6 billion, highlighting its position as a leading utility and electrical solutions provider.

Oct 1, 2025, 8:30 PM

8-K

Hubbell completes acquisition of DMC Power

HUBB

M&A

Debt Issuance

Hubbell Incorporated completed the acquisition of DMC Power, LLC from an affiliate of Golden Gate Capital.
The acquisition was financed with net proceeds from borrowings under a new unsecured term loan facility of $600 million and issuances of commercial paper.
DMC Power, a designer and manufacturer of connector technology systems for high-voltage power infrastructure, has over 350 employees, two manufacturing facilities (Carson, CA; Olive Branch, MS) and multiple North American distribution centers.
Hubbell reported 2024 revenues of $5.6 billion, underscoring its scale in utility and electrical solutions.

Oct 1, 2025, 8:05 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for HUBBELL.

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