Hubbell Inc. (HUBB) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus
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Hubbell Reports 2018 Fourth Quarter and Full Year Results
February 5, 2019 7:30 AM ESTShelton, CT, Feb. 05, 2019 (GLOBE NEWSWIRE) --
Q4 net sales up 25% (+5% organic, +20% acquisitions)Q4 adjusted diluted EPS of $1.72(1) Adjusted excludes Aclara acquisition-related costs ($0.12)Includes legacy intangible amortization ($0.12) Full year 2018 free cash flow of $421 million, 117% of net income (3)FY18 diluted EPS $6.54; adjusted diluted EPS of $7.29(1) Includes restructuring & related costs ($0.22)Includes legacy intangible amortization ($0.48)Adjusted excludes Aclara intangible amortization ($0.57) and acquisition costs ($0.18) FY19 diluted EPS expected range of $6.80 to $7.20; adjusted diluted EPS of $7.80 to $8.20(1) Includes restructuring & related costs (~$0.40), primarily footprint... More