Street Calls of the Week
SHELTON, Connecticut - Hubbell Incorporated (NYSE:HUBB), a $23.5 billion market cap company with an impressive InvestingPro Financial Health Score of "GREAT," announced Wednesday that Chief Financial Officer Bill Sperry will retire effective December 31, 2025, after 17 years with the company, including 14 years as CFO.
Joseph Capozzoli, currently Vice President of Finance for the company’s Electrical Solutions segment, will succeed Sperry as Senior Vice President and Chief Financial Officer, effective January 1, 2026.
Sperry will work with Capozzoli throughout 2025 to facilitate the transition and will continue as Executive Vice President into 2026.
"Bill’s financial and strategic leadership have helped shape Hubbell into the company it is today," said Gerben Bakker, Chairman, President and CEO, in a press release statement. Bakker noted Sperry’s contributions to performance, portfolio management, and capital deployment during his tenure.
Regarding the incoming CFO, Bakker expressed confidence in Capozzoli’s capabilities, citing his role in driving financial performance and margin expansion in the Electrical Solutions segment.
Capozzoli joined Hubbell in April 2013 as Vice President, Controller and served as the company’s Principal Accounting Officer until January 2021. He subsequently held the position of Vice President, Business Transformation before becoming the Electrical Solutions segment finance leader in January 2023.
Prior to Hubbell, Capozzoli spent over 15 years in leadership positions at major multi-national corporations. He holds an MBA in Finance from Villanova University and a Bachelor of Science degree in Business Administration from LaSalle University. He is also a certified public accountant.
Hubbell, headquartered in Shelton, Connecticut, manufactures utility and electrical solutions for critical infrastructure with 2024 revenues of $5.6 billion. The company has maintained a strong financial position with a P/E ratio of 28.5 and has consistently raised its dividend for 17 consecutive years. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with 10+ additional exclusive insights available to subscribers. For detailed analysis and comprehensive metrics, investors can access the full Pro Research Report, available among 1,400+ top US stocks on InvestingPro.
In other recent news, Hubbell Incorporated reported its second-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $4.93, which exceeded forecasts of $4.43, marking an 11.29% surprise. However, the company’s revenue slightly missed expectations, coming in at $1.48 billion compared to the anticipated $1.51 billion. In another development, Hubbell announced a definitive agreement to acquire DMC Power for $825 million in cash and debt, a move expected to enhance its utility infrastructure offerings. The transaction is anticipated to close by the end of 2025. Analyst firms Mizuho and Bernstein have raised their price targets for Hubbell, citing an improved outlook and strong earnings performance. Mizuho increased its target to $475, while Bernstein raised it to $511, maintaining an Outperform rating. These adjustments follow encouraging signs of growth in the company’s end markets and a strong earnings report.
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