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Hubbell 8-K Report, Financial Results (Apr 30, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 30, 2026
Period End
April 30, 2026
Security
HUBB
In the record · 2016–202610-K1110-Q338-K110

HUBB filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 110 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Jan ’17Jan ’17
  2. Leadership change8-K · Mar ’19Mar ’19
  3. Material agreement8-K · Mar ’21Mar ’21
  4. Leadership change8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed April 30, 2026. Cited figures are marked; the original filing is the authoritative source.

Hubbell Incorporated reported first-quarter 2026 results in a press release furnished as Exhibit 99.1.

Net sales rose to $1,516.7 milliona from $1,365.2 million, and the release states that net sales grew 11%, with organic net sales growth of 8.2%, foreign exchange adding 0.6%, and acquisitions adding 2.3%. GAAP operating income was $263.8 million, or 17.4% of net sales, and adjusted operating margin was 19.8%, up 110 basis points. GAAP diluted EPS was $3.41 versus $3.03 a year earlier, and adjusted diluted EPS was $3.93 versus $3.38, up 16%.

Adjusted EBITDA was $324.0 millionb versus $277.3 million. The Utility Solutions segment grew net sales 11% to $948.9 million, with Grid Infrastructure up approximately 18% and Grid Automation down approximately 7%. Electrical Solutions grew net sales 12% to $567.8 million, with organic growth of 11%, driven by datacenter and light industrial markets.

Management attributed margin expansion to volume growth in high-margin businesses and price and productivity, partly offset by cost inflation and restructuring investment. Hubbell raised its full-year 2026 outlook. GAAP diluted EPS is now expected at $17.45 to $18.00c and adjusted diluted EPS at $19.30 to $19.85.

The company expects total sales growth of 8% to 11%, including organic growth of 6% to 9%, and free cash flow conversion of 90% or greater on adjusted net income. Q1 operating cash flow was $86.6 milliond and free cash flow was $46.0 million, compared with $11.4 million a year earlier. Net debt rose to $1,956.3 million at March 31, 2026, from $1,729.1 million at December 31, 2025, and net debt to total capital was 31%.

02—Key points

Key Highlights

  1. Q1 2026 net sales of $1,516.7 million, up 11% from $1,365.2 million, with organic growth of 8.2%, FX adding 0.6%, and acquisitions adding 2.3%.
  2. GAAP diluted EPS of $3.41 (up from $3.03) and adjusted diluted EPS of $3.93 (up 16% from $3.38).
  3. Adjusted operating margin of 19.8%, up 110 basis points; GAAP operating margin of 17.4%.
  4. Electrical Solutions net sales up 12% to $567.8 million with 11% organic growth; Utility Solutions net sales up 11% to $948.9 million with Grid Infrastructure up approximately 18%.
  5. FY 2026 adjusted diluted EPS guidance raised to $19.30–$19.85 (GAAP diluted EPS $17.45–$18.00), with total sales growth of 8%–11% and organic growth of 6%–9%.
  6. Free cash flow of $46.0 million versus $11.4 million; operating cash flow of $86.6 million versus $37.4 million.
  7. Total debt rose to $2,573.0 million from $2,325.4 million, and net debt to total capital was 31% versus 28% at year-end 2025; $167.5 million of common shares were repurchased in the quarter.

03—Questions

Frequently Asked Questions

  1. How did Hubbell perform in the first quarter of 2026?

    Net sales were $1,516.7 million, up 11% from $1,365.2 million. GAAP operating income was $263.8 million, and GAAP diluted EPS was $3.41 versus $3.03. Adjusted diluted EPS was $3.93, up 16%, and adjusted EBITDA was $324.0 million versus $277.3 million.

  2. What drove the sales growth?

    Organic net sales grew 8.2%, with FX adding 0.6% and acquisitions adding 2.3%. Management cited double-digit organic growth in Electrical Solutions, driven by datacenter and light industrial markets, and Grid Infrastructure strength in Utility Solutions, where transmission, substation and distribution markets were described as strong.

  3. What is Hubbell's updated full-year 2026 outlook?

    Hubbell expects GAAP diluted EPS of $17.45 to $18.00 and adjusted diluted EPS of $19.30 to $19.85. Total sales growth is expected at 8% to 11%, including 6% to 9% organic growth. The ranges assume an adjusted tax rate of approximately 22.5% and $15 to $20 million of restructuring and related investment, and the company expects free cash flow conversion of 90% or greater on adjusted net income.

  4. How does Hubbell's cash flow and balance sheet look?

    Free cash flow was $46.0 million, compared with $11.4 million in the prior-year period. Total debt increased to $2,573.0 million, and net debt rose to $1,956.3 million from $1,729.1 million at December 31, 2025, with net debt to total capital at 31%. During the quarter the company repurchased $167.5 million of common shares and paid $75.4 million in dividends.

04—Continue

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