HUBB Q2 2024 Earnings — Hubbell Incorporated Revenue & Financial Results | Market Cap Arena

HUBBHubbell Incorporated

$26B

Q2 2024 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.5B+6.3% YoY

Gross Profit

$514M35.4% margin

Operating Income

$306M21.1% margin

Net Income

$218M15.0% margin

EPS (Diluted)

$4.01

QoQ Revenue Growth

+3.8%

Cash Flow

Operating Cash Flow

$240M

Free Cash Flow

$206M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$3.8B

Stockholders' Equity

$3.1B

Cash & Equivalents

$397M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.4B	+6.3%
Gross Profit	$514M	$496M	+3.5%
Operating Income	$306M	$288M	+6.4%
Net Income	$218M	$207M	+5.2%

Revenue Segments

Utility Solutions Segment

$927M64%

Electrical Segment

$526M36%