NYSE$HUBB

Hubbell Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Hubbell reported flat net sales with solid operating performance, driven by utility markets and strong free cash flow, while facing challenges from COVID-19 disruptions.

Hubbell's Q1 2020 earnings showed flat net sales and solid operating performance, driven by strong demand in utility markets. The company faced challenges from COVID-19 disruptions, which impacted earnings by approximately $0.10 per diluted share. Despite these headwinds, Hubbell maintained strong free cash flow and implemented cost management actions to navigate the uncertain environment.

  • Net sales remained flat year-over-year, with organic sales also flat.
  • Diluted EPS was reported at $1.37, and adjusted diluted EPS at $1.64, including restructuring and related investment costs.
  • Free cash flow for the quarter was $91 million, driven by working capital management.
  • 2020 guidance was withdrawn due to the uncertainty related to the COVID-19 pandemic.

Headline financials

Total Revenue

$1.09B

Previous: $1.09B+0.3%
EPS (adj)

$1.64

Previous: $1.57+4.5%
Operating Margin

10.9%

No prior period
Free Cash Flow

$75M

Previous: $72.3M+3.7%
Net Income

$75M

Previous: $72.3M+3.7%
Operating Income

$119M

Previous: $121M-1.7%
Gross Profit

$314M

Previous: $307M+2.0%
Cash & Equivalents

$300M

Previous: $205M+46.1%
Total Assets

$4.96B

Previous: $4.98B-0.3%
Stock-Based Comp

$11.6M

Previous: $4.1M+182.9%

Revenue & EPS history

Hubbell · Revenue · Quarterly

$1.09B

Q1 2020+0.3%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Hubbell · $1.29B total across 2 segments · Q1 2023

  • Utility Solutions
    $782M
  • Electrical Solutions
    $504M

Forward guidance

Due to uncertainty relating to COVID-19 pandemic, 2020 guidance was withdrawn.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.9%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.1%

Avg return

30 days after

69%

47 / 68 earnings

Positive

+11.9%

Q1 2023

Best reaction

-16.1%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-7.0%-13.3%
Q4 2025+1.7%+1.7%-3.8%
Q3 2025+4.9%+8.3%-1.3%
Q1 2025-5.5%-4.1%+7.3%
Q4 2024-1.9%-1.9%-15.3%
Q3 2024-4.0%-5.3%+2.0%
Q2 2024+7.8%-0.2%+7.8%
Q1 2024-8.3%-6.7%-4.1%
Q4 2023+0.9%+6.5%+14.5%
Q3 2023-1.5%-0.5%+5.9%
Q2 2023-7.1%-7.1%-5.2%
Q1 2023+11.9%+15.9%+23.3%
Q4 2022+3.7%+4.9%+8.5%
Q3 2022+6.7%+6.2%+14.7%
Q2 2022+7.3%+12.0%+12.8%
Q1 2022+3.7%+3.2%-1.4%
Q4 2021-0.9%+0.1%-4.0%
Q3 2021+0.2%+4.8%+9.6%
Q2 2021+0.8%+3.2%+5.7%
Q1 2021+0.5%+0.8%-0.4%
Q4 2020+1.5%+1.9%+10.0%
Q3 2020-3.2%-2.3%+9.1%
Q2 2020+0.8%+2.3%+9.0%
Q1 2020-3.7%-4.1%-3.4%
Q4 2019+1.9%-0.1%-6.2%
Q3 2019+2.4%+2.6%+5.8%
Q2 2019+3.6%+2.0%+3.2%
Q1 2019+3.1%+5.2%-5.0%
Q4 2018+3.6%+3.7%+7.5%
Q3 2018-16.1%-17.8%-12.1%
Q2 2018+6.6%+7.0%+9.2%
Q1 2018-9.2%-11.8%-6.5%
Q4 2017-1.5%-3.0%-6.2%
Q3 2017+3.8%+3.8%-0.3%
Q2 2017+1.8%+2.7%-5.4%
Q1 2017-6.1%-6.9%-3.8%
Q4 2016+3.7%+6.7%+2.5%
Q3 2016+0.3%-0.3%+7.8%
Q2 2016+1.7%+3.5%+3.8%
Q1 2016-0.6%
Q4 2015+4.8%
Q3 2015+7.6%
Q2 2015-0.1%
Q1 2015-0.8%
Q4 2014+1.4%
Q3 2014+1.0%
Q2 2014+0.8%
Q1 2014-0.6%
Q4 2013+1.5%
Q3 2013+0.8%
Q2 2013+3.1%
Q1 2013+1.3%
Q2 2012+0.4%
Q4 2012+0.4%
Q3 2012-1.9%
Q1 2012-0.5%
Q2 2011+0.5%
Q4 2011+0.5%
Q3 2011+5.9%
Q1 2010-0.6%
Q1 2011-0.6%
Q4 2008+1.9%
Q2 2010+1.9%
Q4 2010+1.9%
Q3 2010+2.2%
Q3 2009+2.2%
Q2 2009+4.6%
Q4 2009+4.6%

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