Hubbell Inc.
HUBB - Insider Information
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+ FollowMarket Cap$22.32B
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Earnings Call Q3 2026
October 27, 2026 - AI Summary
Strong Q3 results + broad-based demand (good):
- Q3 net sales $1.873B (+25% YoY); organic growth +11% (vs prior year).
- Segment growth: Electrical Solutions +22% organic (very strong), Utility Solutions +5% organic.
- NSI acquisition contributed 13% of growth overall; DMC Power also contributing to Utility.
- Profitability: Adjusted operating profit $477M (+33%), adjusted operating margin 25.5% (+160 bps YoY).
- Earnings: Adjusted EPS $5.91 (+14% YoY); Free cash flow $280M (+10%).
Electrical Solutions outperformance driven by data centers + NSI (good/surprising):
- Electrical Solutions net sales $845M (+51% YoY); adjusted operating profit $210M (+80%).
- Data center sales increased >80% (organic) in Q3, described as driven by content gains, new product introductions, and capacity additions.
- NSI integration ahead of expectations, with NSI contributing ~29 percentage points to Electrical Solutions growth; accretive adjusted operating margins.
- Electrical margin expansion (+400 bps YoY to 24.8%)—but management notes this level is helped by seasonality (Q3 is typically strongest margin quarter).
Utility Solutions solid but slightly conservative due to specific operational timing (bad/negative):
- Utility Solutions sales +9%, adjusted operating profit +10%.
- Grid Automation -4% organic in Q3 due to a meters component availability headwind, expected to resolve by end of Q4, shifting ~$15M of revenue from Q3 to Q4.
- Guidance softness in Utility attributed to two items:
1) Meters production slowdown (discrete component shortage at contract manufacturer) resolved and returning to full production.
2) Substation “Systems Control / control house” timing—ramping harder than expected; flat sequentially Q2→Q3 but expected to ramp in 2027 after continued capacity additions.
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Share Statistics
| Market cap | $22.32 Billion |
|---|---|
| Enterprise Value | $27.31 Billion |
| Annual dividend | $5.68 |
| Dividend yield | 1.34% |
| Earnings per Share | $16.63 |
| Beta | 0.85 |
| Outstanding Shares | 52,900,000 |
Return
| Return on Equity | 23.17% |
|---|---|
| Return on Assets | 7.67% |
| Return on Invested Capital | 13.17% |
Valuation & Multiples
| P/E Ratio | 24.69 |
|---|---|
| PEG | 901.17 |
| Price to Sales | 3.53 |
| Price to Book Ratio | 5.92 |
| Enterprise Value to Revenue | 4.14 |
| Enterprise Value to EBIT | 20.79 |
| Enterprise Value to Net Income | 30 |
| Total Debt to Enterprise | 0.2 |
| Debt to Equity | 1.37 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 27, 2026
EPS Estimate
$5.75
Consensus analyst estimateRevenue Estimate
$1.85 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 2, 2027
EPS Estimate
$5.22
Consensus analyst estimateRevenue Estimate
$1.82 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 65.64% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | 1,500▼ 99.01% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 8.84%▼ 87.84% |
|---|---|
| Total Invested | $2.04B▼ 92.40% |
| Investors Holding | 342▼ 705.00% |
About Hubbell Inc.
CEO: Craig Hubbell
