Hubbell reports Q4 adjusted EPS $4.10, consensus $4.02

Reports Q4 revenue $1.33B, consensus $1.41B. “Hubbell (HUBB) delivered double-digit growth in operating profit, earnings per share and free cash flow in the fourth quarter” said Gerben Bakker, Chairman, President and CEO. “While organic growth was below our expectations in the quarter, continued operational execution resulted in significant margin expansion and we delivered earnings per share ahead of our prior outlook range. On a full year basis, Hubbell delivered strong financial results and demonstrated our ability to compound off a multi-year base of significant outperformance. We made strong progress in unifying our HES segment to compete collectively, achieved attractive growth across key utility and electrical verticals, proactively managed price/cost/productivity and drove significant shareholder value creation through portfolio transformation and strategic capital allocation. We are confident in our ability to deliver on our initial 2025 outlook which anticipates continued attractive growth in net sales, operating margin, operating profit and free cash flow. Our outlook is consistent with our long-term financial framework which we believe will deliver differentiated performance for shareholders in 2025 and beyond.”