AI English summary of an SEC filing — figures as filed
Hubbell HUBBHubbell said net sales in 2024 were $5,628.5 million, an increase of $255.6 million, or 4.7%, compared to 2023. Organic net sales were flat, and acquisitions net of divestitures contributed 4.8% to net sales growth, the company said.
Key points
AI summaryHubbell said net sales in 2024 were $5,628.5 million, an increase of $255.6 million, or 4.7%, compared to 2023. Organic net sales were flat, and acquisitions net of divestitures contributed 4.8% to net sales growth, the company said.
Hubbell said Utility Solutions net sales in 2024 were approximately $3.6 billion, an increase of 10.4%, while organic net sales declined 2.4%. Electrical Solutions net sales were approximately $2.0 billion, a decrease of $83.4 million, or 3.9%.
The company said operating cash flow in 2024 was $991.2 million, higher than $880.8 million in 2023, and free cash flow was $810.8 million, higher than $715.1 million in the prior year. In 2024, Hubbell paid $267.3 million in shareholder dividends, invested $180.4 million in capital expenditures, and repurchased $40.0 million of shares.
Hubbell said it borrowed $600 million in a Term Loan in December 2023 in connection with the acquisition of Systems Control, repaid the balance in Q4 2024, and had no balance as of December 31, 2024. Long-term debt was $1,442.7 million at that date.
Key figures
Fiscal year ended December 31, 2024
- Revenue
- $5.6B
- Operating income
- $1.1B
- Net income
- $778M
- EPS
- $14.37
- Gross profit
- $1.9B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
2024 Net Sales $5,628.5 million; Organic Net Sales Flat
Hubbell said net sales in 2024 were $5,628.5 million, an increase of $255.6 million, or 4.7%, compared to 2023. Organic net sales were flat, and acquisitions net of divestitures contributed 4.8% to net sales growth, the company said.
Source · Based on the MD&A text of the filing
Utility Solutions and Electrical Solutions Segment Net Sales
Hubbell said Utility Solutions net sales in 2024 were approximately $3.6 billion, an increase of 10.4%, while organic net sales declined 2.4%. Electrical Solutions net sales were approximately $2.0 billion, a decrease of $83.4 million, or 3.9%.
Source · Based on the MD&A text of the filing
Operating Cash Flow $991.2 million; Free Cash Flow $810.8 million
The company said operating cash flow in 2024 was $991.2 million, higher than $880.8 million in 2023, and free cash flow was $810.8 million, higher than $715.1 million in the prior year. In 2024, Hubbell paid $267.3 million in shareholder dividends, invested $180.4 million in capital expenditures, and repurchased $40.0 million of shares.
Source · Based on the MD&A text of the filing
Term Loan Repayment and Long-Term Debt Balance at End of 2024
Hubbell said it borrowed $600 million in a Term Loan in December 2023 in connection with the acquisition of Systems Control, repaid the balance in Q4 2024, and had no balance as of December 31, 2024. Long-term debt was $1,442.7 million at that date.
Source · Based on the MD&A text of the filing
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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