Hubbell Q4 Earnings Beat View, Revenues Miss; Sees Growth In FY25; Stock Down In Pre-market

Hubbell

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Kaufen / Verkaufen

(RTTNews) - Electrical and electronic products maker Hubbell Inc. (HUBB), while reporting higher fourth-quarter profit, above market estimates, on Tuesday issued fiscal 2025 outlook, expecting year-over-year growth. Meanwhile, revenues for the quarter edged down and missed Street estimates.

In pre-market activity on the NYSE, Hubbell shares were losing around 7 percent to trade at $380.00.

For the full year 2025, Hubbell expects earnings per share from continuing operations in the range of $16.00 to $16.50 and adjusted earnings per share from continuing operations in the range of $17.35 to $17.85.

The Wall Street analysts on average expect the company to report earnings of $17.70 per share. Analysts' estimates typically exclude special items.

In fiscal 2024, reported earnings were $14.37 per share and adjusted earnings were $16.57 per share. Further, Hubbell anticipates fiscal 2025 total sales growth and organic sales growth of 4 percent to 5 percent.

Gerben Bakker, Chairman, President and CEO, said, "We are confident in our ability to deliver on our initial 2025 outlook which anticipates continued attractive growth in net sales, operating margin, operating profit and free cash flow. Our outlook is consistent with our long-term financial framework which we believe will deliver differentiated performance for shareholders in 2025 and beyond."

For the fourth quarter, Hubbell's earnings came in at $197.0 million or $3.64 per share, compared with $171.0 million or $3.16 per share, last year.

Adjusted earnings were $221.8 million or $4.10 per share for the period. Analysts had expected the company to earn $4.02 per share.

The company's revenue for the period fell 0.8 percent to $1.334 billion from $1.345 billion last year. The Street was looking for revenues of $1.41 billion for the quarter.

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