Hubbell Incorporated's Stock Analysis

Hubbell Incorporated Completes $400 Million Senior Notes Offering

Hubbell Incorporated has successfully completed a public offering of $400 million in 4.800% Senior Notes due in 2035. The net proceeds from this offering, approximately $392 million after expenses, will be used to redeem all outstanding 3.350% Senior Notes due 2026, with a full redemption scheduled for December 1, 2025. Interest on the new notes will be paid semi-annually starting May 15, 2026.

The Senior Notes will rank equally with other unsecured and unsubordinated debt of the company, but will be structurally subordinated to any secured debt and liabilities of its subsidiaries. The notes include provisions for redemption prior to maturity and a change in control event that allows holders to require cash purchase of their notes at a premium. Detailed terms of the offering are available in the attached prospectus documents.

Nov 14, 2025 16:33:18

Hubbell Announces $400 Million Senior Notes Offering Details

Hubbell Incorporated has entered into an underwriting agreement for a public offering of $400 million aggregate principal amount of its 4.800% Senior Notes due 2035. The offering is expected to close on November 14, 2025, and the proceeds will be used to redeem all of its outstanding 3.350% Senior Notes due 2026, totaling $400 million, along with any associated premiums and accrued interest. The offering is made under an effective shelf registration statement filed with the SEC.

BofA Securities, Inc., HSBC Securities (USA) Inc., and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. The notes will be offered by means of a prospectus supplement and accompanying prospectus. Hubbell, a manufacturer of utility and electrical solutions, reported revenues of $5.6 billion for 2024, and the successful pricing of these notes may influence the company's liquidity and financial strategy.

Nov 04, 2025 16:06:01

Hubbell Reports Third Quarter 2025 Financial Results and Outlook

Hubbell Incorporated reported its financial results for the third quarter of 2025, highlighting a diluted earnings per share (EPS) of $4.77, with an adjusted EPS of $5.17. The company experienced a 4% increase in net sales, with organic growth contributing 3%. The operating margin was reported at 22.0%, while the adjusted operating margin reached 23.9%. The Utility Solutions segment saw a 1% increase in net sales, driven by a 9% rise in Grid Infrastructure sales, despite an 18% decline in Grid Automation sales due to reduced project activity. The Electrical Solutions segment reported a 10% increase in net sales, largely attributed to strength in datacenter and light industrial markets.

Hubbell has raised its full-year 2025 diluted EPS outlook to a range of $16.55 to $16.75, with adjusted diluted EPS expected between $18.10 and $18.30. The company anticipates organic sales growth of 3-4% and strong adjusted operating margin expansion. The effective tax rate for the quarter decreased to 17.5%, benefiting from a significant tax benefit related to an international restructuring. Additionally, net cash provided by operating activities increased to $284 million, and free cash flow reached $254 million, indicating improved cash generation compared to the previous year.

Oct 28, 2025 08:11:27

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