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Investing.com - Hubbell Inc. (NYSE:HUBB) reported first quarter earnings that fell short of analyst expectations, but the company’s stock rose 2.4% as investors focused on its strong full-year outlook.
The electrical and electronic products manufacturer posted adjusted earnings per share of $3.50 for the first quarter, missing the analyst consensus of $3.72. Revenue came in at $1.37 billion, slightly below estimates of $1.39 billion and down 2% YoY.
Despite the earnings miss, Hubbell maintained its full-year 2025 adjusted EPS guidance of $17.35 to $17.85, which is above the current analyst consensus. The company also reaffirmed its outlook for 6-8% total and organic sales growth for the year.
"Hubbell is uniquely positioned in attractive end markets with long-term growth tailwinds from grid modernization and electrification," said Chairman, President and CEO Gerben Bakker.
"We are seeing healthy end customer activity across utility and electrical markets."
The company’s Electrical Solutions segment saw 5% organic growth, driven by strength in datacenter markets. However, this was offset by softness in Grid Automation and higher cost inflation.
Hubbell expects full-year 2025 free cash flow conversion of 90% or greater on adjusted net income. The company’s stock was up 2.4% following the earnings release, suggesting investors are optimistic about Hubbell’s outlook despite the Q1 miss.
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