Overview

* Hubbell Q3 revenue grows 4% yr/yr but misses analyst expectations

* Adjusted EPS for Q3 beats analyst estimates, reflecting strong operational performance

* Company raises 2025 adjusted EPS outlook, citing strong margin expansion and lower tax rate

Outlook

* Hubbell raises 2025 adjusted EPS outlook to $18.10-$18.30

* Company anticipates 3-4% organic sales growth for 2025

* Hubbell expects 2025 free cash flow conversion of approximately 90%

Result Drivers

* ELECTRICAL SOLUTIONS GROWTH - 8% organic growth driven by demand in datacenter and light industrial markets

* GRID INFRASTRUCTURE GROWTH - 8% organic growth in Grid Infrastructure due to strong T&D markets and infrastructure investment

* LOWER TAX RATE - Decreased tax rate contributed to earnings growth, driven by international restructuring benefits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $1.50 $1.54

Revenue bln bln (10

Analysts

)

Q3 Beat $5.17 $4.98

Adjusted (11

EPS Analysts

)

Q3 EPS $4.77

Q3 Net $256.70

Income mln

Q3 23.90%

Adjusted

Operatin

g Margin

Q3 Free $254 mln

Cash

Flow

Q3 22%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 ( HUBB ) is $458.00, about 5.2% above its October 27 closing price of $433.98

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)