Hubbell Incorporated's Stock Analysis

Hubbell Completes Acquisition of DMC Power for $825 Million

Hubbell Incorporated has completed the acquisition of DMC Power for $825 million in cash, which was finalized on October 1, 2025. The acquisition was financed through a combination of a $600 million unsecured term loan and commercial paper issuances. DMC Power specializes in connector technology systems for high voltage power infrastructure and operates two manufacturing facilities in California and Mississippi, along with several distribution centers across North America.

To facilitate the acquisition, Hubbell entered into a Term Loan Agreement with a syndicate of lenders, allowing it to borrow up to $600 million. The loan is due on September 29, 2028, and is subject to certain financial covenants. Notably, the agreement includes a stipulation that total indebtedness to total capitalization must not exceed 65% at the end of each fiscal quarter. Failure to meet these conditions could lead to an event of default, allowing lenders to accelerate outstanding loans.

Oct 01, 2025 16:30:21

Hubbell Appoints New Chief Financial Officer Effective 2026

Hubbell Incorporated has announced the promotion of Joseph A. Capozzoli to Senior Vice President and Chief Financial Officer, effective January 1, 2026. He will succeed William R. Sperry, who will retire as CFO on December 31, 2025, after 17 years with the company, including 14 years in the CFO role. Capozzoli has been with Hubbell since 2013 and has held various leadership positions, most recently serving as Vice President of Finance for the Electrical Solutions segment. He will work closely with Sperry throughout 2025 for a smooth transition.

As part of his new role, Capozzoli's base salary will increase from $440,000 to $550,000, and his annual short-term incentive award target will rise from 25% to 75% of his base salary. He will also be eligible for long-term incentive awards and will participate in the company’s health, welfare, and retirement plans. Additionally, he will receive a Change in Control Severance Agreement that provides significant benefits in case of qualifying termination, including a lump sum payment and continued insurance benefits for two years.

Sep 10, 2025 17:25:13

Hubbell Elects Edward H. Baine as New Board Director

Hubbell Incorporated has elected Edward H. Baine as an independent director, effective August 29, 2025. Mr. Baine will serve on the Board’s Compensation and Finance Committees. He has a background in the utility industry, currently holding the position of executive vice president at Dominion Energy, where he oversees operations serving over four million customers. Baine received a restricted stock award valued at $160,000 upon his election and will participate in standard non-employee director compensation arrangements.

With this addition, the total number of directors on Hubbell's Board increases to eleven, with ten being independent. Mr. Baine's extensive experience in the utility sector is expected to contribute to Hubbell’s focus on infrastructure solutions and operational excellence. The company's revenues for 2024 are reported at $5.6 billion, indicating its significant role in providing utility and electrical solutions.

Aug 29, 2025 17:05:32

Hubbell Acquires DMC Power for $825 Million Cash

Hubbell Incorporated has announced a definitive agreement to acquire DMC Power, LLC for $825 million in cash, with the transaction expected to close by the end of 2025. The acquisition aims to enhance Hubbell's Utility Solutions portfolio, particularly in utility substation and transmission markets, which are anticipated to see increased investment due to factors such as load growth and aging infrastructure. Hubbell plans to finance the acquisition using existing cash and debt, and expects it to be accretive to adjusted earnings per share in 2026.

DMC Power specializes in connector technology systems for high voltage power infrastructure and is projected to generate approximately $130 million in revenue and $60 million in EBITDA for 2026. The acquisition is subject to customary closing conditions, including regulatory approvals. The transaction is positioned to strengthen Hubbell's market presence and technology offerings, particularly through DMC's swage connection system, which complements existing solutions and supports the buildout of critical infrastructure.

Aug 14, 2025 16:32:31

Hubbell Reports Second Quarter 2025 Financial Results and Outlook

Hubbell Incorporated announced its financial results for the second quarter ended June 30, 2025, reporting a diluted earnings per share (EPS) of $4.56 and an adjusted diluted EPS of $4.93. Net sales increased by 2%, with organic growth also at 2%. The company's operating margin was reported at 22.7%, while the adjusted operating margin stood at 24.4%. A transition to FIFO inventory accounting resulted in a decrease of $29 million in cost of goods sold for the quarter, positively impacting earnings per share by $0.42. The Utility Solutions segment saw a 1% increase in net sales, with Grid Infrastructure achieving 7% organic growth, while the Electrical Solutions segment reported a 4% increase in net sales driven by strength in datacenter markets.

For the full year 2025, Hubbell raised its diluted EPS outlook to a range of $16.25-$16.75 and adjusted diluted EPS to $17.65-$18.15. The company anticipates total sales growth and organic net sales growth of 4-6% for the year. Adjusted EPS excludes amortization of acquisition-related intangible assets, which is expected to be approximately $1.40 per share. Hubbell expects free cash flow conversion of around 90% on adjusted net income, indicating a stable financial outlook for investors.

Jul 29, 2025 08:04:47

Hubbell Reports Q1 2025 Results and Adjusted EPS Outlook

Hubbell Incorporated announced its first-quarter results for 2025, reporting a diluted earnings per share (EPS) of $3.15 and an adjusted diluted EPS of $3.50. The company experienced a 2% decrease in net sales, attributed to a combination of organic decline and foreign exchange impacts. The Electrical Solutions segment showed organic growth of 5%, while the Grid Automation segment faced a significant sales drop. Operating margins were reported at 17.5%, with an adjusted operating margin of 19.3%. Cash flow from operations was $37 million, down from $92 million in the previous year.

For the full year 2025, Hubbell anticipates a diluted EPS range of $15.95 to $16.45 and an adjusted diluted EPS ranging from $17.35 to $17.85. The company expects total sales growth and organic net sales growth of 6-8%, factoring in pricing actions due to inflation. Hubbell continues to focus on its strategic initiatives to mitigate inflationary pressures and enhance productivity, indicating confidence in its market position amid ongoing economic challenges.

May 01, 2025 08:01:33

Company Terminates Existing Credit Agreement for New Revolving Credit

The Company announced the termination of all commitments under its existing Credit Agreement as of March 25, 2025, in connection with the entry into a new Revolving Credit Agreement. This move indicates a shift in the Company's financial arrangements, involving its subsidiaries and lenders, including JPMorgan Chase Bank, N.A.

The press release does not provide specific details regarding the financial implications of this change, nor does it mention any potential risks or negative aspects related to the termination of the previous Credit Agreement. The information is presented in compliance with the Securities Exchange Act of 1934.

Mar 26, 2025 16:22:48

Hubbell Reports Q4 2024 Adjusted EPS of $4.10

Hubbell Incorporated announced its fourth quarter 2024 results, highlighting a diluted earnings per share (EPS) of $3.64 and an adjusted diluted EPS of $4.10, reflecting an 11% increase year-over-year. The company achieved significant margin expansion with an adjusted operating margin of 21.8%, up 240 basis points from the previous year. However, net sales declined by 1%, with organic sales down 3% and net growth from mergers and acquisitions contributing positively by 3%. The Utility Solutions segment saw a 4% increase in net sales, while the Electrical Solutions segment experienced a decrease of 8% due to a divestiture and a 1% decline in organic sales. 

Despite the overall decline in net sales, Hubbell's operational execution led to improved profitability metrics. The company reported an increase in free cash flow to $364 million, compared to $284 million in the same period last year. However, organic growth fell short of expectations, with declines in certain segments, particularly Grid Automation, which saw an 11% decrease in sales. The company is also facing challenges in the telecommunications and residential markets, which may impact future performance.

Feb 04, 2025 08:08:27

Hubbell Incorporated Elects New Director; 2023 Revenues at $5.4 Billion

Hubbell Incorporated has announced the election of Garrick J. Rochow to its Board of Directors, increasing the total number of Directors to ten, with nine being independent. The company's Chairman, Gerben Bakker, expressed confidence in Rochow's leadership and expertise in the utility industry, which is expected to enhance the Board's ability to support critical infrastructure solutions related to grid modernization and electrification.

Hubbell reported revenues of $5.4 billion for the year 2023, highlighting its role as a key manufacturer of utility and electrical solutions. While the addition of Rochow is seen as a positive step for the company, the press release does not mention any specific challenges or negative points regarding its current operations or market position.

Nov 19, 2024 17:22:55

Hubbell Reports Strong Third Quarter Performance and Outlook

Hubbell Incorporated reported a strong third quarter for 2024, with diluted earnings per share (EPS) rising to $4.05 and adjusted EPS increasing by 14% year-over-year to $4.49. The company experienced a 5% increase in net sales, driven primarily by acquisitions in its Utility Solutions segment, which saw an 11% sales boost. Operating margins also expanded, reflecting effective management and productivity improvements. The Electrical Solutions segment, while facing challenges from divestitures, still managed to show organic growth and improved operating income compared to the previous year. Overall, the company is optimistic about its position in the market, particularly in the context of ongoing grid modernization trends.

However, there are concerns regarding the performance of the telecommunications markets, which remained weak during the quarter, and the impact of customer inventory normalization in utility distribution markets. The Electrical Solutions segment's net sales decreased compared to last year, primarily due to a divestiture. Despite these challenges, Hubbell raised its adjusted diluted EPS outlook for the year, indicating confidence in its long-term performance. The company continues to anticipate strong free cash flow and overall sales growth, although it acknowledges potential market headwinds.

Oct 29, 2024 08:09:21