Hubbell Reports Second Quarter 2019 Results
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Hubbell Inc. (HUBB) Tops Q2 EPS by 15c; Affirms FY19 EPS Outlook
July 30, 2019 7:39 AM EDTHubbell Inc. (NYSE: HUBB) reported Q2 EPS of $2.31, $0.15 better than the analyst estimate of $2.16. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.21 billion.
Q2 net sales up 3% (organic +3%)Q2 diluted EPS of $1.75; adjusted diluted EPS of $2.31(1)Includes restructuring and related costs ($0.11)Tighten FY19 adjusted diluted EPS to $7.85-$8.15(1); GAAP diluted EPS of $6.55-$6.85Includes restructuring and related costs (~$0.40)Raise FY19 free cash flow expectation to ~100% of adjusted net income(1,3)"Hubbell delivered another strong quarter of... More
