Hubbell: Q4 Earnings Insights

Shares of Hubbell HUBB were flat in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 7.85% over the past year to $1.76, which missed the estimate of $1.77.

Revenue of $1,038,000,000 declined by 5.89% year over year, which missed the estimate of $1,060,000,000.

Outlook

Hubbell said it sees FY21 adjusted EPS of $8.10-$8.50.

Details Of The Call

Date: Feb 02, 2021

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/7cq3pyty

Price Action

Company's 52-week high was at $172.17

52-week low: $85.62

Price action over last quarter: Up 10.21%

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.