Hubbell Inc. (HUBB) Misses Q4 EPS by 1c, Revenues Miss; Offers FY21 EPS Guidance
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Hubbell Reports Fourth Quarter and Full Year 2020 Results
February 2, 2021 7:30 AM ESTShelton, CT, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Exhibit 99.1
HUBBELL REPORTS FOURTH QUARTER 2020 AND FULL YEAR RESULTS
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 $7.58 Includes 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 $8.10-$8.50SHELTON, CT. (February 2, 2021) Hubbell Incorporated (NYSE:... More
