Hubbell Inc. FY2024 net sales rise to USD 5,628.5 million, up 4.7%

Reuters
Feb 12
Hubbell Inc. FY2024 net sales rise to USD 5,628.5 million, up 4.7%

Hubbell Inc. reported its financial results for the full year ending December 31, 2025. Net sales for the period reached USD 5.84 billion. Gross profit was USD 2.06 billion, representing 35.3% of net sales. Operating income stood at USD 1.21 billion, or 20.7% of net sales, while net income was USD 891.9 million, accounting for 15.3% of net sales. Net income attributable to shareholders totaled USD 887.1 million. The average number of diluted shares outstanding during the period was 53.5 million. Within its Electrical Solutions segment, Hubbell reported net sales of USD 2.17 billion and operating income of USD 418.9 million for the year. Adjusted operating income for this segment was USD 438.8 million. The company noted that its performance benefited from favorable price realization and improved operational productivity. This was partially offset by margin contraction due to material and other cost inflation, including tariff expenses. Hubbell highlighted its continued focus on providing utility and electrical solutions that support critical infrastructure reliability and efficiency, as well as ongoing initiatives in energy infrastructure and productivity.

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