Hubbell Full Year 2024 Earnings: Revenues Disappoint

Hubbell (NYSE:HUBB) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.63b (up 4.8% from FY 2023).
• Net income: US$777.8m (up 2.6% from FY 2023).
• Profit margin: 14% (in line with FY 2023).
• EPS: US$14.46 (up from US$14.14 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hubbell Revenues Disappoint

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 3.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Hubbell's balance sheet.

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