Hubbell Stock Earnings Reports

Hubbell reported a strong start to 2026 with double-digit growth in sales, adjusted operating profit and adjusted EPS. Q1 net sales were $1.517B, up 11% (8% organic, 3% acquisitions). Electrical Solutions and grid infrastructure within Utility Solutions drove organic growth, led by robust data center (≈40% growth in Q1; guidance >25% for full year) and transmission/substation demand. Management raised full-year guidance: total sales growth to 8%–11%, organic growth to 6%–9%, and adjusted EPS to $19.30–$19.85. Adjusted operating profit increased 18% in Q1 with margins expanding ~110 bps; full-year margin expansion expected to be modest (~20 bps at midpoint) and to lean toward Utility Solutions. Inflation accelerated vs. prior outlook, but pricing and productivity actions offset inflation dollar-for-dollar in Q1. Management is investing to expand capacity (notably for high-voltage transmission and data center demand) and completed $168M of share repurchases in Q1—net neutral to 2026 EPS but accretive in 2027. The company highlighted a multiyear growth opportunity in 765 kV high-voltage transmission (estimated $1.5B addressable over 10 years) and sees continued strength in secular end markets (utility T&D and data center) with a healthy M&A pipeline and disciplined capital allocation.