Market Overview

Hubbell: Q3 Earnings Insights

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Shares of Hubbell (NYSE:HUBB) decreased 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 1.71% year over year to $2.30, which beat the estimate of $2.02.

Revenue of $1,109,000,000 decreased by 7.89% from the same period last year, which beat the estimate of $1,090,000,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $7.45 and $7.60.

How To Listen To The Conference Call

Date: Oct 27, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/n9syvuoy

Price Action

52-week high: $155.00

Company's 52-week low was at $85.62

Price action over last quarter: Up 10.39%

Company Overview

Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments--electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.

 

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Posted-In: Earnings News

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