HUBB Q2 2023 Earnings — Hubbell Incorporated Revenue & Financial Results | Market Cap Arena

HUBBHubbell Incorporated

$26B

Q2 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.4B+8.8% YoY

Gross Profit

$496M36.3% margin

Operating Income

$288M21.1% margin

Net Income

$207M15.1% margin

EPS (Diluted)

$3.82

QoQ Revenue Growth

+6.3%

Cash Flow

Operating Cash Flow

$228M

Free Cash Flow

$192M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.6B

Total Liabilities

$3.0B

Stockholders' Equity

$2.6B

Cash & Equivalents

$493M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+8.8%
Gross Profit	$496M	$383M	+29.5%
Operating Income	$288M	$191M	+51.0%
Net Income	$207M	$122M	+69.5%

Revenue Segments

Utility Solutions Segment

$831M61%

Electrical Segment

$535M39%