Hubbell Incorporated

HUBB
Sector

Industrials

Industry

Electrical Equipment & Parts

Market Cap

$23.13B

Employees

18.3K

Company Overview

Hubbell Incorporated is a global manufacturer of electrical and utility solutions. They provide products for electrical distribution, transmission, and telecommunications, as well as solutions for smart meters and energy management. Hubbell has a strong market position with a wide range of brands and a global presence, with manufacturing facilities in the US, Canada, Mexico, China, and Europe.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

The 10-K reports that net sales reached $5,628.5 million, a 4.7% increase from 2023. This was primarily due to favorable price realization, although unit volume was slightly down. This indicates improved pricing power and demand for Hubbell's products.

The 10-K notes that operating margin increased by 10 basis points, while adjusted operating margin increased by 90 basis points. This suggests that adjustments, such as excluding amortization of acquisition-related intangible assets, had a positive impact on profitability.

The 10-K indicates that operating cash flow increased to $991.2 million and free cash flow increased to $810.8 million. This demonstrates improved cash generation capabilities, which can be used for strategic investments, acquisitions, and shareholder returns.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

2 Insights

Operational Efficiency

2 Insights

Innovation & Technology

1 Insight

Capital Allocation

3 Insights

ESG Initiatives

2 Insights

Market Environment

2 Insights