Hubbell 4Q Net, Sales Up, Co Sees '26 Growth Amid AI Data-Center Demand

Dow Jones
02/03

By Rob Curran

 

Hubbell's fourth-quarter profit and sales rose sharply and the electrical-equipment company forecast more growth this year amid data-center development, load growth and grid investment.

The manufacturer of electrical and utility products such as wiring and plugs posted earnings of $224.2 million, or $4.19 a share, up from $198.2 million or $3.66 a share, a year earlier.

Stripping out certain one-time items such as 50 cents a share related to amortization of acquired assets, Hubbell posted earnings of $4.73 a share, topping the mean analyst estimate of $4.71 a share, as per FactSet.

Hubbell's sales surged 12% to $1.49 billion, in line with the average analyst estimate, as per FactSet.

Sales at the utility solutions unit rose 10% to $936 million. Rising demand for grid infrastructure products offset weakness in grid automation sales.

Electrical solutions sales rose 14% to $557 million.

For 2026, Hubbell, of Shelton, Conn., forecast earnings per share in a range between $17.30 and $18 a share, compared to $16.54 a share in 2025. Hubbell projected 2026 adjusted earnings of $19.15-to-$19.85 a share.

The company forecast sales growth of 7% to 9% from 2025 levels of $5.84 billion. Hubbell targeted organic sales growth, excluding the impact of acquisitions and other skew factors, of 5% to 7%.

U.S. electricity demand is rising steadily in the U.S. because of the artificial-intelligence boom.

 

Write to Rob Curran at rob.curran@dowjones.com

 

(END) Dow Jones Newswires

February 03, 2026 07:54 ET (12:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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