Hubbell Q4 adjusted EPS beats estimates on margin expansion

Overview

• Utility and electrical solutions firm's Q4 revenue rose 12%, meeting analyst expectations

• Adjusted EPS for Q4 beat analyst expectations, rising 15% yr/yr

• Company expects continued growth in 2026 with strong sales and earnings outlook

Outlook

• Hubbell anticipates 2026 total sales growth of 7-9%

• Company expects 2026 adjusted EPS between $19.15 and $19.85

• Company sees 2026 free cash flow conversion of 90% or greater

Result Drivers

• ELECTRICAL SOLUTIONS - 9% organic sales growth driven by demand in datacenter projects, load growth, and infrastructure investments

• MARGIN EXPANSION - Margin expansion attributed to strong organic growth and operational execution

• UTILITY SOLUTIONS - Growth supported by volume increases in Grid Infrastructure and favorable pricing

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 is $515.00, about 3.9% above its February 2 closing price of $495.59

• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nGNX5Y9PZg

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