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Hubbell Anticipates 16-18% Sales Growth in 2026
Consensus $19.97. The company said, "For the full year 2026, Hubbell anticipates total sales growth of 16-18% including organic sales growth of 9-11%. Hubbell expects 2026 GAAP diluted earnings per share in the range of $17.25 to $17.55 and adjusted diluted earnings per share in the range of $20.25 to $20.55. For the full year, Adjusted EPS excludes amortization of acquisition-related intangible assets, which the Company expects to be approximately $2.50 per share, and transaction, integration, and separation costs, which the Company expects to be approximately $0.50 per share. The Company believes Adjusted EPS is a useful measure of underlying performance in light of our acquisition strategy. The diluted earnings per share and Adjusted EPS ranges are based on an adjusted tax rate of 22.0% to 22.5% and include approximately $20 million of anticipated restructuring and related investment. The Company expects full year 2026 free cash flow conversion of approximately 90% on adjusted net income."
Hubbell Reports Q2 Revenue of $1.71B
Reports Q2 revenue $1.71B, consensus $1.68B. "Hubbell delivered strong performance in the second quarter, with double digit growth in sales, adjusted operating profit and adjusted earnings per share" said Gerben Bakker, Chairman, President and CEO.
Sentinel Capital Partners to Sell NSI Industries to Hubbell for $3B
Sentinel Capital Partners to sell NSI Industries to Hubbell for $3B
Sentinel Capital Partners Sells NSI Industries to Hubbell for $3B
Sentinel Capital Partners announced it has signed a definitive agreement to sell NSI Industries, a manufacturer and supplier of branded electrical products, to Hubbell (HUBB) for $3B. Following Sentinel's 2024 acquisition of NSI, the firm executed a key strategic initiative by divesting NSI's HVAC division to Lennox International (LII) for approximately $550M. This repositioned NSI as a pure-play manufacturer of branded electrical products, enabling greater operational focus and unlocking significant value.
Hubbell to Acquire NSI Industries for $3B
Hubbell announced it has entered into a definitive agreement to acquire NSI Industries for $3B in cash, subject to customary adjustments. NSI anticipates 2026 revenue of approximately $570M. Hubbell expects the acquisition to be accretive to adjusted EPS in 2026. The transaction is anticipated to close in mid-2026, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approval. Hubbell plans to finance the transaction with a combination of cash on hand and debt and has obtained fully committed bridge financing subject to the agreed-upon terms and conditions among the foregoing parties and Hubbell.
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