Discontinued — last reported Q4 '23
Utility Communications and Controls — Net Sales
Hubbell Utility Communications and Controls — Net Sales decreased by 0.5% to $218.60M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 47.9%, from $147.80M to $218.60M. Over 2 years (FY 2021 to FY 2023), Utility Communications and Controls — Net Sales shows an upward trend with a 10.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates growing demand for grid modernization technology and successful market adoption of utility automation solutions, while a decrease may signal market saturation or increased competition in the utility infrastructure space.
Detailed definition
This metric represents the total revenue generated from the sale of products and services within the utility communicati...
Peer comparison
Comparable to revenue metrics for industrial technology segments focused on grid automation, smart metering, and utility-grade communication infrastructure at peer electrical equipment manufacturers.
hubb_segment_utility_communications_and_controls_net_salesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $167.60M | $166.40M | $163.30M | $160.30M | $172.00M | $172.20M | $147.80M | $166.50M | $199.60M | $219.70M | $218.60M |
| QoQ Change | — | -0.7% | -1.9% | -1.8% | +7.3% | +0.1% | -14.2% | +12.7% | +19.9% | +10.1% | -0.5% |
| YoY Change | — | — | — | — | +2.6% | +3.5% | -9.5% | +3.9% | +16.0% | +27.6% | +47.9% |
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Frequently Asked Questions
- What is Hubbell's utility communications and controls — net sales?
- Hubbell (HUBB) reported utility communications and controls — net sales of $218.60M in Q4 2023.
- How has Hubbell's utility communications and controls — net sales changed year-over-year?
- Hubbell's utility communications and controls — net sales increased by 47.9% year-over-year, from $147.80M to $218.60M.
- What is the long-term trend for Hubbell's utility communications and controls — net sales?
- Over 2 years (2021 to 2023), Hubbell's utility communications and controls — net sales has grown at a 10.9% compound annual growth rate (CAGR), from $654.60M to $804.40M.
- What does utility communications and controls — net sales mean?
- The total revenue earned specifically from the utility communications and controls product line.