Companies /Industrials

Hubbell Inc

NYSE: HUBB Electrical Equipment & Parts
$470.28
▼ $2.18 (−0.46%) today
Markets closed · 12:25am ET

Q1 2026 Earnings

Reported Apr 30, 2026, 8:03am ET · SEC source
$3.93
Beat +1.68%
EPS · est. $3.86
$1.5B
Beat +0.86%
Revenue · est. $1.5B
−11.1%
Trailing market
HUBB vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0Apr 30May 1report 8:03am ETearnings+1.2%−9.1%
−8%−4%0Apr 30May 1earnings+1.2%−9.1%
HUBB −9.1%S&P 500 +1.2%
−8%−4%0Apr 30May 1report 8:03am ETearnings+1.6%−9.1%
−8%−4%0Apr 30May 1earnings+1.6%−9.1%
HUBB −9.1%NASDAQ +1.6%
−4%0+4%+8%Apr 29May 8report 8:03am ETearnings+3.0%−5.0%
−4%0+4%+8%Apr 29May 8earnings+3.0%−5.0%
HUBB −5.0%S&P 500 +3.0%
−4%0+4%+8%Apr 29May 8report 8:03am ETearnings+5.9%−5.0%
−4%0+4%+8%Apr 29May 8earnings+5.9%−5.0%
HUBB −5.0%NASDAQ +5.9%
−6.92%
Day of report
+0.05%
Next session
−2.98%
One week
−5.45%
30 days

S&P 500 over the same 30 days: +5.69%.

Did HUBB Beat Earnings? Q1 2026 Results

Hubbell Incorporated posted a strong first quarter of 2026, reporting adjusted diluted EPS of $3.93, up 16% year-over-year, as net sales climbed 11% to $1.52 billion on a combination of robust organic momentum, acquisition contributions, and favorable foreign exchange. The standout driver behind the quarter's performance was Grid Infrastructure, where net sales surged approximately 18%, fueled by load growth spurring transmission and substation investment alongside aging infrastructure resiliency spending, helping the Utility Solutions segment reach $948.90 million in revenue with adjusted operating margin expanding 190 basis points to 21.8%. Electrical Solutions also delivered, generating $567.80 million in net sales with 11% organic growth, though margin contracted modestly under pressure from tariffs, raw material costs, and restructuring investment. Free cash flow improved to $46.00 million from $11.40 million a year ago, reflecting stronger operational execution. Looking ahead, Hubbell raised its full-year 2026 outlook, guiding for adjusted diluted EPS of $19.30 to $19.85 and total sales growth of 8-11%, signaling continued confidence despite a complex tariff environment.

Key Takeaways
  • Grid Infrastructure net sales increased approximately 18% driven by load growth in transmission and substation markets and aging infrastructure resiliency investment in distribution markets
  • Electrical Solutions organic growth of 11% driven by strong datacenter and light industrial markets
  • Volume growth in high margin businesses and effective management of price and productivity
  • Acquisitions contributed 2.3% to total net sales growth
  • Favorable foreign currency exchange added 0.6% to net sales growth

“Hubbell delivered strong performance in the first quarter, with double digit growth in sales, operating profit and earnings per share”

Hubbell CEO, on the earnings call

Forward Guidance & Outlook

Hubbell raised its full-year 2026 guidance, now expecting total sales growth of 8-11% including organic sales growth of 6-9%. GAAP diluted EPS is expected in the range of $17.45 to $18.00, and adjusted diluted EPS in the range of $19.30 to $19.85. Adjusted EPS excludes approximately $1.70 per share of acquisition-related intangible asset amortization and approximately $0.15 per share of transaction, integration, and separation costs. The outlook is based on an adjusted tax rate of approximately 22.5% and includes $15-20 million of anticipated restructuring and related investment. The company continues to expect full-year free cash flow conversion of 90% or greater on adjusted net income.

HUBB YoY Financials

Revenue$1.5B
Gross Profit$505.3M
Operating Income$263.8M
Net Income$181.8M

HUBB Revenue by Segment

Utility Solutions$948.9M+11.0%
Electrical Solutions$567.8M+12.0%

Figures from SEC filings and company reports. Not investment advice.