NYSE$HUBB
Hubbell Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong Q3 2022 results with significant operating margin expansion and operating profit growth.
Hubbell reported a strong third quarter with net sales up 21% and organic sales up 20%. Diluted EPS was $2.78, and adjusted diluted EPS was $3.08. The company raised its full-year EPS guidance to $9.10-$9.30 and adjusted diluted EPS to $10.25-$10.45.
- Q3 diluted EPS of $2.78; adjusted diluted EPS of $3.08
- Q3 net sales +21% (organic +20%)
- Operating margin expansion of 200 bps; adjusted operating margin expansion of 190 bps
- Raised FY22 diluted EPS to $9.10-$9.30; adjusted diluted EPS of $10.25-$10.45
Headline financials
Revenue & EPS history
Hubbell · Revenue · Quarterly
$1.32B
Revenue by segment
Hubbell · $1.32B total across 2 segments · Q3 2022
- Utility Solutions$775M—58.8%
- Electrical Solutions$542M—41.2%
Forward guidance
For the full year 2022, Hubbell anticipates diluted earnings per share in the range of $9.10-$9.30 and anticipates adjusted diluted earnings per share in the range of $10.25-$10.45. Hubbell anticipates full year 2022 total sales growth of +18-19% and organic net sales growth of +17-18%, as compared to full year 2021.
Tailwinds
- Full year 2022 total sales growth of +18-19%
- Organic net sales growth of +17-18%
- Net M&A contributing +1% to full year sales growth
- Net M&A contributing approximately $0.10 of full year Adjusted EPS
- Full year 2022 free cash flow conversion of approximately 90% of adjusted net income
Headwinds
- Anticipates amortization of acquisition-related intangible assets, which the Company expects to be approximately $1.05 for the full year
- Anticipates approximately $0.10 due to a pension settlement charge
- Anticipates accelerated investments in the fourth quarter of 2022
- Expects approximately $0.30-$0.40 per share of restructuring and related investments for the full year 2022
- Earnings per share and adjusted earnings per share ranges are based on an adjusted tax rate of ~22%
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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