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Hubbell 8-K Report, Financial Results (Jul 28, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 28, 2026
Period End
July 28, 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. Material agreement8-K · Oct ’25Oct ’25

01—Abstract

Summary

Summary of the 8-K filed July 28, 2026. Cited figures are marked; the original filing is the authoritative source.

Hubbell Incorporated reported second-quarter 2026 results, with net sales of $1,711.8 milliona, up from $1,484.3 million a year earlier.

The company stated net sales grew 15%, including 10% organic growth and 5% from acquisitions. Diluted EPS was $4.52b, compared with $4.56 in the prior-year quarter. Adjusted diluted EPS was $5.52, up 12% year over year, and GAAP operating margin was 20.4% versus 22.7% a year earlier.

Adjusted operating margin was 23.9%, down 50 bps year over year. Utility Solutions net sales rose 10% to $1,025.8 millionc, and Electrical Solutions net sales rose 25% to $686.0 million, with organic growth of 18% in that segment. During the quarter Hubbell acquired NSI Electrical Buyer, Inc. (NSI Industries) for approximately $3.0 billion, funded with a $900 million unsecured term loan, $1.9 billion of senior notes and commercial paper.

Total debt rose to $5,372.6 milliond at June 30, 2026 from $2,325.4 million at December 31, 2025, and net debt to total capital was 52% versus 28% at year-end 2025. Second-quarter free cash flow was $212.8 million, compared with $220.7 million in the prior-year period. For full-year 2026, Hubbell expects total sales growth of 16-18%, including organic sales growth of 9-11%.

The company expects GAAP diluted EPS of $17.25 to $17.55 and raised its adjusted diluted EPS outlook to $20.25 to $20.55. Management expects free cash flow conversion of approximately 90% on adjusted net income and about $20 million of restructuring and related investment.

02—Key points

Key Highlights

  1. Q2 2026 net sales of $1,711.8 million, up 15% from $1,484.3 million, with organic growth of 10% and acquisitions contributing 5%.
  2. Q2 diluted EPS of $4.52 (versus $4.56) and adjusted diluted EPS of $5.52, up 12% year over year.
  3. Operating margin of 20.4% (versus 22.7%) and adjusted operating margin of 23.9%, down 50 bps year over year.
  4. Electrical Solutions net sales rose 25% to $686.0 million, with organic growth of 18%; Utility Solutions net sales rose 10% to $1,025.8 million.
  5. Acquired NSI Industries for approximately $3.0 billion, pushing total debt to $5,372.6 million and net debt to total capital to 52% from 28% at year-end 2025.
  6. Raised full-year adjusted diluted EPS outlook to $20.25-$20.55; GAAP diluted EPS expected at $17.25-$17.55.
  7. Q2 free cash flow of $212.8 million versus $220.7 million a year earlier; operating cash flow of $249.8 million.

03—Questions

Frequently Asked Questions

  1. How did Hubbell's second-quarter 2026 sales and earnings compare with the prior year?

    Net sales were $1,711.8 million versus $1,484.3 million, up 15%. Diluted EPS was $4.52 versus $4.56, while adjusted diluted EPS was $5.52 versus $4.93, up 12%. The adjusted figures exclude amortization of acquisition-related intangibles and transaction, integration and separation costs.

  2. What is the new full-year 2026 outlook?

    Hubbell expects total sales growth of 16-18%, including organic sales growth of 9-11%. GAAP diluted EPS is expected at $17.25-$17.55, and adjusted diluted EPS is now expected at $20.25-$20.55, which the company described as a raise. The guidance assumes an adjusted tax rate of 22.0%-22.5% and about $20 million of restructuring and related investment.

  3. How did the NSI Industries acquisition affect Hubbell's balance sheet?

    Hubbell acquired NSI Electrical Buyer, Inc. for approximately $3.0 billion, funded by a $900 million unsecured term loan, $1.9 billion of senior notes and commercial paper. Total debt increased to $5,372.6 million from $2,325.4 million at December 31, 2025, and net debt to total capital rose to 52% from 28%. Goodwill increased to $4,354.1 million from $3,060.8 million.

  4. Why did margins decline even as sales grew?

    The filing attributes segment margin changes mainly to higher cost inflation, raw material costs and tariffs, partly offset by volume growth, acquisitions, and favorable price and productivity. Electrical Solutions also incurred restructuring investment. Adjusted operating margin was 23.9%, down 50 bps, and GAAP operating margin was 20.4%, versus 22.7%.

  5. How much cash did Hubbell generate in the quarter?

    Net cash provided by operating activities was $249.8 million in the second quarter of 2026, versus $260.6 million a year earlier. After $37.0 million of capital expenditures, free cash flow was $212.8 million, compared with $220.7 million. Management expects full-year free cash flow conversion of approximately 90% on adjusted net income.

04—Continue

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