Hubbell Inc (HUBB) Q1 Earnings: Adjusted EPS Beats Estimates Amidst Challenging Margins

GuruFocus.com04-30

Reported Q1 diluted EPS of $2.73, falling short of estimates of $3.54. Adjusted diluted EPS for Q1 was $3.60, slightly surpassing the estimated $3.54. Q1 net income reached $147.8 million, below the ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHubbell Inc (HUBB) Q1 Earnings: Adjusted EPS Beats Estimates Amidst Challenging Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-30 21:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hubbell-inc-hubb-q1-earnings-133244785.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reported Q1 diluted EPS of $2.73, falling short of estimates of $3.54.\nAdjusted diluted EPS for Q1 was $3.60, slightly surpassing the estimated $3.54.\nQ1 net income reached $147.8 million, below the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hubbell-inc-hubb-q1-earnings-133244785.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUBB","symbol_name":"哈勃集团","start_time":0,"source_url":"https://finance.yahoo.com/news/hubbell-inc-hubb-q1-earnings-133244785.html","article_id":"2431266533","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/PP5H50DCiPo3LcKmJyg9aw--~B/aD01NTc7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/7a0fbf0cbee8daca69837ee628117d0e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431266533","pubTimestamp":1714483964,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Reported Q1 diluted EPS of $2.73, falling short of estimates of $3.54.Adjusted diluted EPS for Q1 was $3.60, slightly surpassing the estimated $3.54.Q1 net income reached $147.8 million, below the estimated $191.33 million.Q1 revenue totaled $1,399.1 million, exceeding the estimated $1,392.23 million.Operating margin decreased to 16.3% from 19.4% year-over-year.Free cash flow for Q1 was $52 million, a decrease from $80 million in the previous year.Anticipates full-year 2024 adjusted diluted EPS in the range of $16.00-$16.50, aligning closely with annual estimates.On April 30, 2024, Hubbell Inc  disclosed its first-quarter results through an 8-K filing, revealing a mixed financial landscape influenced by strategic acquisitions and market-driven challenges. The company reported a diluted EPS of $2.73 and an adjusted diluted EPS of $3.60, surpassing the analyst estimate of $3.54.Hubbell Inc, a pivotal player in the electrical components sector, operates through two segments: Utility Solut","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HUBB":"哈勃集团"},"translate_title":"Hubbell Inc.Q1盈利：调整后每股收益超出预期，利润率极具挑战性","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUBB":1},"content_text":"Reported Q1 diluted EPS of $2.73, falling short of estimates of $3.54.\nAdjusted diluted EPS for Q1 was $3.60, slightly surpassing the estimated $3.54.\nQ1 net income reached $147.8 million, below the estimated $191.33 million.\nQ1 revenue totaled $1,399.1 million, exceeding the estimated $1,392.23 million.\nOperating margin decreased to 16.3% from 19.4% year-over-year.\nFree cash flow for Q1 was $52 million, a decrease from $80 million in the previous year.\nAnticipates full-year 2024 adjusted diluted EPS in the range of $16.00-$16.50, aligning closely with annual estimates.\n\n\nWarning! GuruFocus has detected 6 Warning Signs with BGC.\n\nOn April 30, 2024, Hubbell Inc (NYSE:HUBB) disclosed its first-quarter results through an 8-K filing, revealing a mixed financial landscape influenced by strategic acquisitions and market-driven challenges. The company reported a diluted EPS of $2.73 and an adjusted diluted EPS of $3.60, surpassing the analyst estimate of $3.54.\n  \nHubbell Inc, a pivotal player in the electrical components sector, operates through two segments: Utility Solutions and Electrical Solutions. The company's products are crucial for the U.S. electrical supply chain, addressing needs across transmission, distribution, and various commercial and residential markets.\nFinancial Highlights and Segment Performance\nFor Q1 2024, Hubbell reported net sales of $1,399.1 million, a 9% increase from the previous year, driven by both organic growth and strategic mergers and acquisitions. This performance aligns closely with the estimated revenue of $1,392.23 million. The Utility Solutions segment saw a notable increase in sales, reaching $894 million, up from $782 million in Q1 2023. This rise was primarily due to acquisitions, which contributed an additional 14% in sales, although organic sales remained flat.\nThe Electrical Solutions segment slightly increased its net sales to $505 million from $504 million in the previous year, with organic sales growth reported at 6%. Despite these gains, the segment faced challenges, including a divestiture that reduced net sales by 6%.\nOperating income for the quarter was reported at $228.5 million, or 16.3% of net sales, compared to $248.8 million, or 19.4% of net sales, in the same period last year. This decline in operating margin reflects increased investments in long-term growth and productivity initiatives.\nChallenges and Strategic Moves\nHubbell's leadership highlighted several challenges during the quarter, including continued inventory management in distribution markets and weak performance in telecom sectors. However, strengths were noted in grid protection and controls products, along with robust growth in transmission markets. The company also recognized a loss of $5.3 million from the disposition of its residential lighting business, which closed in Q1.\nFrom a strategic perspective, Hubbell's focus on electrification and segment unification within the Electrical Solutions segment has begun to yield margin expansion and profit growth, despite the backdrop of broader market challenges.\nOutlook and Forward Guidance\nLooking ahead to the remainder of 2024, Hubbell anticipates diluted EPS to range between $14.10 and $14.60 and adjusted diluted EPS between $16.00 and $16.50. The company expects total sales growth of 8-10% and organic net sales growth of 3-5%. These projections include the impact of recent acquisitions and divestitures, which are expected to contribute approximately 5% to full-year sales growth.\nHubbell's management remains optimistic about navigating the current market complexities, focusing on strategic growth areas and maintaining robust service levels to support price traction.\nConclusion\nDespite facing margin pressures and some segment-specific challenges, Hubbell Inc's strategic acquisitions and focus on core growth areas appear to position the company favorably for the upcoming periods. Investors and stakeholders will likely watch closely how the company's strategies unfold in the increasingly electrified and infrastructure-focused market landscape.\n Explore the complete 8-K earnings release (here) from Hubbell Inc for further details. This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431266533"}