Hubbell: Winning The Electricity Mega-Trends
Hubbell, founded in 1888, manufactures critical T&D and behind-meter components, serving a diverse customer base including electric utilities and contractors. Hubbell is the leader in several product market niches where components represent low upfront cost but have a high cost of failure, which gives Hubbell strong pricing power. The company benefits from secular growth drivers like increased energy demand, grid modernization, and a shift to renewables, which will all require increase T&D capex from utilities.
Hubbell: Confident In Its Own Growth Trajectory
Hubbell has robust earnings and free cash flow growth in the recent quarters. The company has a strong industrial and macro backdrop for both of its segments. Its frequent M&A actions in the past 12-18 months show confidence and focus on Utility Solutions, but further expansion in Electrical Solutions could be expected as well.
Hubbell Incorporated (HUBB) Q2 2024 Earnings Call Transcript
Hubbell Incorporated (NYSE:HUBB ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Dan Innamorato - Vice President of Investor Relations Gerben Bakker - President and CEO Bill Sperry - EVP and CFO Conference Call Participants Jeffrey Sprague - Vertical Research Partners Stephen Tusa - JPMorgan Nigel Coe - Wolfe Research Julian Mitchell - Barclays Brett Linzey - Mizuho Joe O'Dea - Wells Fargo Christopher Glynn - Oppenheimer Scott Graham - Seaport Research Partners Nicole DeBlase - Deutsche Bank Securities Operator Good day, and thank you for standing by. Welcome to the Hubbell Incorporated Second Quarter 2024 Earnings Conference Call.
Here's What Key Metrics Tell Us About Hubbell (HUBB) Q2 Earnings
The headline numbers for Hubbell (HUBB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Hubbell (HUBB) Surpasses Q2 Earnings Estimates
Hubbell (HUBB) came out with quarterly earnings of $4.37 per share, beating the Zacks Consensus Estimate of $4.23 per share. This compares to earnings of $4.07 per share a year ago.
Hubbell (HUBB) Earnings Expected to Grow: What to Know Ahead of Q2 Release
Hubbell (HUBB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
