Hubbell Inc. (HUB-A) Tops Q1 EPS by 1c

Hubbell Inc. (NYSE: HUB-A) reported Q1 EPS of $1.08, $0.01 better than the analyst estimate of $1.07. Revenue for the quarter came in at $759.5 million versus the consensus estimate of $758.97 million.

CEO David Nord commented, Looking to our full year outlook for 2014, we expect overall sales to increase in the 5 to 6% range with completed acquisitions contributing between 3 and 4% of the growth. Despite the lower than anticipated demand to start the year, the relative strength of our March orders gives us cautious optimism about the remainder of the year. We also plan to expand our operating margins by approximately 20 to 30 basis points by remaining focused on executing our productivity and pricing plans to offset all cost increases, which should enable the higher organic volume to drive our margin improvement.

For earnings history and earnings-related data on Hubbell Inc. (HUB-A) click here.

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