Hubbell Inc. reported strong third-quarter results, with double-digit adjusted earnings growth driven by robust performance in Electrical Solutions and Grid Infrastructure, leading to an upward revision of the full-year outlook.
- Adjusted earnings grew significantly, fueled by high single-digit organic growth in both Electrical Solutions and Grid Infrastructure.
- The acquisition of DMC Power, closed in October, is expected to enhance Hubbell’s utility connector offerings and contribute approximately $0.20 to adjusted earnings per share in 2026.
- Successful pricing and productivity measures outpaced cost inflation, driving positive price/cost productivity.
- Anticipated continued organic growth across the portfolio as market dynamics improve heading into 2026.
- Bill Sperry will retire as CFO at year-end, with Joe Capozzoli named as his successor, ensuring leadership continuity.
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