Acquisitions, particularly Systems Control, contributed significantly to net sales growth, especially within the Utility Solutions segment. This offset a 4% contraction in organic net sales in the Utility Solutions segment.

The divestiture of the residential lighting business in the Electrical Solutions segment contributed to a 3% decline in consolidated net sales compared to the third quarter of 2023, highlighting the impact of portfolio reshaping.

Hubbell continues to invest in restructuring and related programs to maintain a competitive cost structure, drive operational efficiencies and mitigate the impact of rising material costs and administrative cost inflation.

Favorable price realization and improvements in operational productivity were key drivers of margin expansion during the quarter. Management's focus on productivity is yielding tangible results.

The company is actively integrating recent acquisitions, as evidenced by the transaction, integration, and separation costs reported. The successful integration of these acquisitions is crucial for realizing synergies and long-term value.

The effective tax rate decreased to 20.9%, primarily due to the tax benefits of an international restructuring completed during the third quarter of 2024, indicating proactive tax management.

The filing states that there have been no material changes in the Company's risk factors from those disclosed in the annual report, suggesting a stable risk environment.

Organic net sales growth in the Electrical Solutions segment was strong, led by datacenter and renewables verticals, indicating a favorable competitive position in these growth areas.

The Utility Solutions segment experienced a 4% contraction in organic net sales, reflecting the impact of customer inventory normalization, suggesting competitive pressures or market adjustments.

Improvements in operational productivity are cited as a key factor driving margin expansion, indicating successful efficiency initiatives.

Ongoing restructuring activities, including facility consolidations and workforce reductions, aim to optimize the manufacturing footprint and cost structure.

Selling and administrative expenses decreased as a percentage of net sales, indicating improved operational efficiency and cost control.

The company repurchased $30.0 million of shares during the quarter, indicating a continued commitment to returning capital to shareholders.

Capital expenditures increased by $8.6 million YoY, reflecting investments in footprint optimization, automation, and productivity initiatives.

The company made significant principal payments on its term loan, reducing overall debt and leverage.

Continued material and other cost inflation partially offset margin expansion, indicating ongoing challenges from the macroeconomic environment.

Higher net interest expense, attributable to debt incurred for acquisitions and rising market rates, increased total other expense, reflecting the impact of the interest rate environment.

The unfavorable impact of foreign currency exchange rates on cash primarily related to strengthening of the U.S. Dollar against the Mexican Peso, Brazilian Real and Canadian Dollar.