Hubbell said net sales for Q1 2025 were $1,365.2 million, down 2.4%, driven by a 1.2% decline from divestitures net of acquisitions and a 0.6% contraction in organic net sales from lower volume.

1. 01

   Hubbell said net sales for Q1 2025 were $1,365.2 million, down 2.4%, driven by a 1.2% decline from divestitures net of acquisitions and a 0.6% contraction in organic net sales from lower volume.

2. 02

   The company said operating margin for Q1 2025 expanded 120 basis points to 17.5%, while adjusted operating margin contracted 40 basis points to 19.3%. Hubbell cited material and other cost inflation, including tariff expense, and lower volume as factors in the adjusted operating margin contraction.

3. 03

   Hubbell said net income attributable to Hubbell Incorporated for Q1 2025 was $169.7 million, up 14.8% from the prior-year period, while adjusted net income was $188.6 million, down 3.4%. Diluted earnings per share increased 15%.

4. 04

   The company said short-term debt and current portion of long-term debt as of March 31, 2025 were $816.1 million, with the increase in commercial paper used to repurchase $125.0 million of treasury stock and to fund the $73.3 million acquisition of Ventev.

Key figures

Quarter ended March 31, 2025

Revenue

$1.4B

Operating income

$239M

Net income

$170M

EPS

$3.15

Gross profit

$451M

Operating cash flow

$37M

Analysis 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.

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.