Hubbell Reports Fourth Quarter and Full Year 2020 Results
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Hubbell Inc. (HUBB) Misses Q4 EPS by 1c, Revenues Miss; Offers FY21 EPS Guidance
February 2, 2021 7:36 AM ESTHubbell Inc. (NYSE: HUBB) reported Q4 EPS of $1.76, $0.01 worse than the analyst estimate of $1.77. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.06 billion.
Q4 diluted EPS of $1.48; adjusted diluted EPS of $1.76Q4 net sales decreased 6% (organic -7%, Acquisitions +1%)Closed three accretive bolt-on acquisitions in the fourth quarterFull Year 2020 diluted EPS of $6.43; adjusted diluted EPS of $7.58Includes restructuring and related investment ($0.43)Full Year 2020 free cash flow of $560 millionFY21 diluted EPS expected range of $6.95-$7.35; adjusted diluted EPS of... More