Earnings Releases·Oct 27, 2026, 8:05 AM ET

Hubbell Incorporated — Third Quarter 2026 Earnings Summary

Q3 2026 net sales rose 25% YoY to $1,872.5 million (11% organic, 13% M&A), while adjusted diluted EPS increased 14% YoY to $5.91 and adjusted operating margin expanded 160 basis points to 25.5%.
Full-year 2026 adjusted diluted EPS guidance was raised to $20.40–$20.60, with total sales growth anticipated at 18–19% and free cash flow conversion expected at approximately 90% of adjusted net income.
Significant balance sheet shifts occurred due to aggressive M&A activity, including $3,005.7 million in acquisitions and $2,787.5 million in debt issuance, pushing total debt to $5,120.2 million and the debt-to-capital ratio to 55%.
Electrical Solutions sales surged 51% YoY to $845 million driven by datacenter demand, while Utility Solutions grew 9% YoY; management cited strong integration of acquired entities (NSI, Ventev, Nicor, DMC Power) as a key growth driver.