Hubbell Reports Stronger-Than-Expected Second Quarter Results
Hubbell (HUBB) reported second-quarter results that exceeded expectations, with Non-GAAP earnings per share of $5.52, surpassing the estimated $5.39 by $0.13. Revenue reached $1.71 billion, a year-over-year increase of 15.5%, and beat forecasts by $30 million. The company reiterated its full-year FY2026 guidance, maintaining an adjusted EPS range of $20.25 to $20.55—above the consensus estimate—and reaffirming GAAP diluted EPS between $17.25 and $17.55. Hubbell also provided additional financial outlook details including a projected tax rate in the 22.0%-22.5% range, with free cash flow conversion expected to be approximately 90% of adjusted net income. The results reflect strong performance across its business segments and reinforce confidence among investors despite ongoing concerns about valuation levels and margin pressures.
Tickers: $HUBB
Topics: Earnings Guidance Revenue Beat