Hubbell Reports Q3 Earnings Beat and Raises Full-Year Adjusted EPS Guidance
Hubbell Incorporated (NYSE: HUBB) reported third-quarter financial results that exceeded analyst expectations on both the top and bottom lines. The company posted Non-GAAP earnings per share of $5.91, surpassing estimates by $0.16, while revenue reached $1.87 billion, a 24.7% increase year-over-year and a $20 million beat against consensus. The growth was driven by a 25% increase in net sales, comprising 11% organic growth and 13% attributed to mergers and acquisitions. Following these strong results, Hubbell raised its full-year adjusted diluted EPS guidance to a range of $20.40-$20.60, which sits slightly above the previous consensus estimate.
Tickers: $HUBB
Topics: earnings beat financial results guidance raise revenue growth
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