Oct 27, 8:05 AM ET
Hubbell reported third-quarter 2026 net sales of $1.87 billion, up 25% from $1.50 billion a year earlier, with organic growth of 11% and acquisitions adding 13%. The company raised its full-year 2026 adjusted diluted EPS outlook to $20.40-$20.60, while its GAAP diluted EPS range is $17.30-$17.50. Interest expense, net rose to $58.0 million in the quarter from $13.6 million a year earlier.
- Q3 diluted EPS was $4.94, up from $4.77; adjusted diluted EPS was $5.91, up 14% year over year
- Q3 operating margin was 21.8%, compared with 22.0% a year earlier; adjusted operating margin was 25.5%, up 160 basis points
- Full-year 2026 GAAP diluted EPS expected at $17.30-$17.50; adjusted diluted EPS raised to $20.40-$20.60
- Q3 free cash flow was $280 million, versus $254 million in the prior-year quarter
Read the filing on SEC.gov ↗
Jul 28, 8:02 AM ET
Hubbell reported second-quarter 2026 net sales of $1,711.8 million, up from $1,484.3 million a year earlier, with adjusted diluted EPS of $5.52, up 12%. GAAP diluted EPS was $4.52, down from $4.56, and the company raised its full-year 2026 adjusted diluted EPS range to $20.25 to $20.55 while setting its GAAP diluted EPS range at $17.25 to $17.55. The results include the acquisition of NSI Industries for approximately $3.0 billion, funded with debt.
- Q2 2026 net sales rose 15% to $1,711.8 million; organic net sales grew 10%, and acquisitions added 5%.
- Q2 diluted EPS was $4.52 versus $4.56 a year earlier; adjusted diluted EPS was $5.52.
- Q2 operating margin was 20.4% versus 22.7% a year earlier; adjusted operating margin was 23.9%, down 50 basis points.
- Full-year 2026 adjusted diluted EPS guidance was raised to $20.25 to $20.55; GAAP diluted EPS guidance is $17.25 to $17.55.
Read the filing on SEC.gov ↗
Jun 8, 4:14 PM ET
Hubbell agreed on June 2, 2026 to sell $1.9 billion of senior notes due 2031, 2033 and 2036, and the notes were issued on June 8, 2026. Hubbell expects to use the net proceeds of about $1,869.6 million, with cash on hand and other borrowings, to fund part of its previously announced acquisition of NSI Industries and to repay NSI debt. If the NSI acquisition is not completed by the deadline in the filing, Hubbell must redeem the notes at 101% of principal, so the debt is tied to that deal closing.
- $500 million of 4.650% notes due June 15, 2031; $700 million of 4.900% notes due June 15, 2033; and $700 million of 5.150% notes due June 15, 2036
- Net proceeds of approximately $1,869.6 million after underwriting discount and estimated offering expenses
- Proceeds intended to fund part of the NSI Acquisition, repay NSI Industries indebtedness and pay related fees and expenses
- If the NSI Acquisition is not consummated by the date five business days after the later of May 1, 2027 or any agreed later Outside Date, Hubbell must redeem the notes at 101% of principal plus accrued interest
Read the filing on SEC.gov ↗
May 15, 5:00 PM ET
Hubbell entered a Term Loan Agreement on May 15, 2026, allowing it to borrow up to $900 million on an unsecured basis. The proceeds are to finance the NSI Acquisition, repay certain existing NSI debt, and cover related fees and expenses. The loan adds debt for shareholders to weigh, and funding depends on the NSI Acquisition closing.
- Borrowing capacity of up to $900 million, available in a single draw on the NSI Acquisition closing date
- Loans are due on the third anniversary of the borrowing date and bear interest at Alternate Base Rate or Term SOFR plus a margin based on Hubbell's credit ratings
- Financial covenant requires total indebtedness to total capitalization of no more than 65% at each fiscal quarter-end
- Default triggers include other debt acceleration above $100 million and a change of control of Hubbell
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
