Hubbell Inc. (HUBB) Tops Q1 EPS by 6c
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Hubbell Reports First Quarter 2019 Results
April 30, 2019 7:30 AM EDTShelton, CT, April 30, 2019 (GLOBE NEWSWIRE) -- HUBBELL REPORTS FIRST QUARTER 2019 RESULTS;
FIRST QUARTER NET SALES OF $1,087 MILLION,EARNINGS PER DILUTED SHARE OF $1.32 ANDADJUSTED EARNINGS PER DILUTED SHARE OF $1.57(1)
Q1 net sales up 10% (organic +5%, acquisitions +5%)Q1 diluted EPS of $1.32; adjusted diluted EPS(1) of $1.57 Adjusted excludes intangible amortization ($0.25)Includes restructuring and related costs ($0.05) Reaffirm FY19 diluted EPS range of $6.80-$7.20; adjusted diluted EPS of $7.80-$8.20(1) Includes restructuring & related costs (~$0.40), primarily footprint consolidationAdjusted excludes intangible amortization (~$1.00) Reaffirm FY19 expected free cash flow conversion of ~110% of reported net... More