HUBB Q3 2023 Earnings — Hubbell Incorporated Revenue & Financial Results | Market Cap Arena

HUBBHubbell Incorporated

$26B

Q3 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.4B+4.5% YoY

Gross Profit

$487M35.4% margin

Operating Income

$276M20.1% margin

Net Income

$200M14.5% margin

EPS (Diluted)

$3.70

QoQ Revenue Growth

+0.7%

Cash Flow

Operating Cash Flow

$194M

Free Cash Flow

$159M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$5.8B

Total Liabilities

$3.0B

Stockholders' Equity

$2.7B

Cash & Equivalents

$573M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+4.5%
Gross Profit	$487M	$399M	+22.3%
Operating Income	$276M	$204M	+35.7%
Net Income	$200M	$139M	+43.9%

Revenue Segments

Utility Solutions Segment

$838M61%

Electrical Segment

$538M39%