HUBBHubbell Incorporated

$26B

Q1 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.3B+11.2% YoY

Gross Profit

$448M34.9% margin

Operating Income

$249M19.4% margin

Net Income

$182M14.2% margin

EPS (Diluted)

$3.37

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$114M

Free Cash Flow

$80M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$5.5B

Total Liabilities

$3.0B

Stockholders' Equity

$2.5B

Cash & Equivalents

$430M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.2B	+11.2%
Gross Profit	$448M	$323M	+38.7%
Operating Income	$249M	$143M	+74.1%
Net Income	$182M	$180M	+0.9%

Revenue Segments

Utility Solutions Segment

$782M61%

Electrical Segment

$504M39%

HUBB Q1 2023 Earnings — Hubbell Incorporated Revenue & Financial Results | Market Cap Arena