Quarterly ResultApr 30, 2026, 07:31 AM
HUBB Q1 Adj. EPS $3.93 (+16% YoY); Net Sales +11%; Raises FY26 Outlook
AI Summary
Hubbell Inc. reported strong first-quarter 2026 results, with diluted EPS of $3.41 and adjusted diluted EPS of $3.93, a 16% increase year-over-year. Net sales grew 11%, driven by 8.2% organic growth and double-digit growth in both Electrical Solutions and Grid Infrastructure. The company also expanded its adjusted operating margin by 110 basis points to 19.8% and raised its full-year 2026 adjusted diluted EPS guidance to $19.30-$19.85, citing confidence in its market positions and strategy.
Key Highlights
- Q1 diluted EPS $3.41; adjusted diluted EPS $3.93, up 16% YoY.
- Q1 net sales increased 11% to $1.517 billion (organic 8.2%).
- Q1 operating margin 17.4%; adjusted operating margin 19.8%, up 110 bps YoY.
- Utility Solutions net sales increased 11% to $949 million; organic sales up 7%.
- Electrical Solutions net sales increased 12% to $568 million; organic sales up 11%.
- Net cash from operating activities was $87 million; free cash flow was $46 million.
- Raised FY 2026 diluted EPS guidance to $17.45-$18.00; adjusted EPS to $19.30-$19.85.
- Anticipates FY 2026 total sales growth of 8-11%, with organic sales growth of 6-9%.