
• Reported GAAP EPS of $3.42 up 8.23% YoY • Reported revenue of $1.52B up 11.10% YoY • Hubbell raised its FY 2026 diluted EPS outlook to $17.45-$18.00 and adjusted diluted EPS to $19.30-$19.85, while anticipating total sales growth of 8-11% and 90% free cash flow conversion.
Bullish
Hubbell reported strong Q1 net sales growth, driven by organic expansion in key segments, coupled with significant adjusted operating margin expansion and improved free cash flow generation.
Bearish
Hubbell faced margin pressures from higher cost inflation, raw material costs, and restructuring investments, alongside a 7% decline in Grid Automation sales and decreased Electrical Solutions adjusted operating margin.