The company said net sales for Q2 2024 were $1,452.5 million ($1,365.9 million a year earlier), with an operating margin of 20.7%, diluted EPS of $3.94 and adjusted diluted EPS of $4.37. It said net sales rose 6%, and organic net sales rose 2%.

1. 01

   The company said net sales for Q2 2024 were $1,452.5 million ($1,365.9 million a year earlier), with an operating margin of 20.7%, diluted EPS of $3.94 and adjusted diluted EPS of $4.37. It said net sales rose 6%, and organic net sales rose 2%.

2. 02

   Hubbell said Utility Solutions net sales for Q2 rose 12% to $927 million, and Electrical Solutions net sales were $526 million ($535 million a year earlier). It also said Electrical Solutions organic net sales rose 7%, while a divestiture reduced segment net sales by 9%.

3. 03

   Hubbell said net cash provided by operating activities for Q2 2024 was $240 million ($228 million a year earlier), and free cash flow was $206 million ($192 million in the comparable period a year earlier).

4. 04

   Hubbell said it expects diluted EPS for fiscal 2024 of $14.30 to $14.60 and adjusted diluted EPS of $16.20 to $16.50, and that it is raising its full-year outlook. It expects total sales growth of 7 to 8% and organic net sales growth of approximately 3%, and free cash flow of approximately $800 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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