Hubbell (HUBB): The $0.16 Beat Hides a $0.45 Tariff Refund
Hubbell beat Q3 EPS by $0.16 and raised guidance. A $31M tariff refund is worth about $0.45 a share, more than half of sales growth was bought, and net debt is up 170%.
Earnings release · HUBB
Hubbell Inc. · Filed · SEC Form 8-K, Item 2.02
Revenue grew 13% year on year, and EPS was $4.94. The company lifted its guidance, which is usually read as management's view of coming periods improving.
Written automatically by Stocknote's note engine from the figures on this page and the company's previous release. Every number in this note is checked against those figures. Not investment advice.
n/a +13% vs a year ago
…Grid Infrastructure net sales increased approximately 13% and Grid Automation net sales decreased approximately 4%.…
$4.94
…Q3 diluted EPS of $4.94; adjusted diluted EPS of $5.91 (up 14% y/y)…
Guidance raised
…Bakker concluded, "We are raising our full year 2026 outlook, primarily driven by stronger anticipated Electrical Solutions growth.". 1.…
Hubbell beat Q3 EPS by $0.16 and raised guidance. A $31M tariff refund is worth about $0.45 a share, more than half of sales growth was bought, and net debt is up 170%.
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