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Hubbell's Q2 Adjusted Earnings, Revenue Rise; 2024 Outlook Updated
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Hubbell's Q2 Adjusted Earnings, Revenue Rise; 2024 Outlook Updated
Jul 30, 2024 5:30 AM

08:06 AM EDT, 07/30/2024 (MT Newswires) -- Hubbell Inc ( HUBB ) reported Q2 adjusted earnings Tuesday of $4.37 per diluted share, up from $4.07 a year earlier.

Analysts polled by Capital IQ expected $4.21.

Net sales for the quarter ended June 30 were $1.45 billion, up from $1.37 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.48 billion.

The company said it now expects 2024 adjusted earnings of $16.20 to $16.50 per diluted share. That compares with its prior guidance of $16 to $16.50. Analysts polled by Capital IQ expect $16.32.

Sales for the year are now projected to grow 7% to 8%, the company said. That compares with 8% to 10% previously.

Price: 370.22, Change: +3.33, Percent Change: +0.91

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