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Hubbell Inc beats Q3 revenue on Electrical Solutions growth, raises FY outlook

By Reuters News


Overview

  • U.S. utility and electrical solutions maker's Q3 revenue rose 25% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 increased 14% and beat analyst expectations

  • Company raised full-year adjusted EPS outlook on strong Electrical Solutions growth


Outlook

  • Hubbell expects 2026 total sales growth of 18-19%, with organic growth of 10-11%

  • Company raises 2026 adj diluted EPS outlook to $20.40-$20.60

  • Hubbell sees 2026 free cash flow conversion at about 90% of adjusted net income


Result Drivers

  • ELECTRICAL SOLUTIONS GROWTH - Co said >20% organic growth in Electrical Solutions was driven by strong datacenter markets, content gains and capacity expansion investments

  • NSI ACQUISITION - Co said strong NSI results and faster-than-expected integration contributed to performance

  • UTILITY SOLUTIONS DEMAND - Co said Utility Solutions segment growth was led by distribution, transmission and substation markets


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.87 bln

$1.85 bln (12 Analysts)

Q3 Adjusted EPS

Beat

$5.91

$5.75 (14 Analysts)

Q3 EPS

$4.94

Q3 Net Income

$264.60 mln

Q3 Adjusted Operating Margin

25.50%

Q3 Free Cash Flow

$280 mln

Q3 Operating Margin

21.80%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the electrical components & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Hubbell Inc is $550.00, about 19.7% above its October 26 closing price of $459.40

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 25 three months ago


Reuters Recommended Reads

  • Oct 27 - American Tower beats Q3 estimates on data center strength, raises FY outlook

  • Oct 27 - Nvidia, Meta deepen AI ties with $3 billion investment deal

  • Oct 27 - Australia's AirTrunk bags $3 billion green loan to expand Sydney data centre


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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