Hubbell Incorporated Reports Third Quarter 2025 Results

Hubbell Incorporated, a leading manufacturer of utility and electrical solutions, has released its financial results for the third quarter of 2025. The company reported strong performance driven by organic growth in key segments and favorable market conditions.

Financial Highlights

For the third quarter ended September 30, 2025, Hubbell reported:

• Diluted EPS of $4.77, with adjusted diluted EPS at $5.17.
• Net sales increased by 4% to $1.50 billion, with organic net sales growth of 3%.
• Operating margin stood at 22.0%, with an adjusted operating margin of 23.9%.
• Net cash provided by operating activities was $284 million, up from $227 million in the same period last year.
• Free cash flow increased to $254 million from $189 million in the third quarter of 2024.

Business and Operational Highlights

Hubbell's Utility Solutions segment saw a 1% increase in net sales to $944 million, driven by a 9% increase in Grid Infrastructure net sales, despite an 18% decline in Grid Automation net sales. The Electrical Solutions segment experienced a 10% increase in net sales to $559 million, with 8% organic growth and a 1% contribution from acquisitions.

Operationally, the company managed to exceed cost inflation through price and productivity improvements across both segments.

Strategic Initiatives and Corporate Developments

Hubbell has raised its 2025 diluted EPS outlook to a range of $16.55-$16.75, with adjusted diluted EPS expected to be between $18.10 and $18.30. The company anticipates total sales growth and organic net sales growth of 3-4% for the full year 2025.

Additionally, the company expects a full-year free cash flow conversion of approximately 90% on adjusted net income.

Management's Perspective

Gerben Bakker, Chairman, President, and CEO, commented on the results, highlighting the double-digit adjusted earnings per diluted share growth driven by strong organic growth in Electrical Solutions and Grid Infrastructure products. He also noted the company's success in managing cost structures and achieving operational efficiencies.

Future Outlook

Looking ahead, Hubbell anticipates continued growth with a focus on innovation, commercial alignment, and operational efficiencies. The company expects to benefit from ongoing investments in grid infrastructure and datacenter markets, along with a lower full-year tax rate than previously anticipated.

Original SEC Filing: HUBBELL INC [ HUBB ] - 8-K - Oct. 28, 2025