Hubbell Reports Third Quarter 2019 Results
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Hubbell Inc. (HUBB) Tops Q3 EPS by 7c; Narrows FY19 EPS Outlook Below Consensus; Raises FCF Outlook
October 29, 2019 7:33 AM EDTHubbell Inc. (NYSE: HUBB) reported Q3 EPS of $2.34, $0.07 better than the analyst estimate of $2.27. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.21 billion.
HUBBELL REPORTS THIRD QUARTER 2019EARNINGS PER DILUTED SHARE OF $2.38 ANDADJUSTED EARNINGS PER DILUTED SHARE OF $2.34(1)
Q3 net sales up 2% (organic +3%, divestiture -1%)Q3 diluted EPS of $2.38; adjusted diluted EPS of $2.34(1)Includes restructuring and related investment ($0.10)Tighten FY19 adjusted diluted EPS to $7.95-$8.10(1); GAAP diluted EPS of $6.95-$7.10Includes restructuring and related investment (~$0.40)Raise free cash flow... More