HUBB Q1 2024 Earnings — Hubbell Incorporated Revenue & Financial Results | Market Cap Arena

HUBBHubbell Incorporated

$26B

Q1 2024 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.4B+8.8% YoY

Gross Profit

$448M32.0% margin

Operating Income

$229M16.3% margin

Net Income

$148M10.6% margin

EPS (Diluted)

$2.73

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$92M

Free Cash Flow

$52M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$3.9B

Stockholders' Equity

$2.9B

Cash & Equivalents

$388M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+8.8%
Gross Profit	$448M	$448M	-0.1%
Operating Income	$229M	$249M	-8.2%
Net Income	$148M	$182M	-18.7%

Revenue Segments

Utility Solutions Segment

$894M64%

Electrical Segment

$505M36%