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Hubbell HUBB Utility T&D Components — Net Sales

Discontinued — last reported Q4 '23

Other product segments

Grid Infrastructure
$727.1M+17.7%
Industrial
$335.6M+11.0%
Electrical Products
$232.2M+12.9%
Grid Automation
$221.8M-7.4%

Similar metrics at other companies

EVR
EVRGElectric Utility — Electric Utility Revenue
$893.4M
CNP
CNPHouston Electric T&D — Revenue from contracts
$687M+7.7%
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FEElectric Distributionand Electric Generation — Revenue
$2.23B+2.9%
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FEDistribution services and retail generation — Total revenues
$1.28B+4.8%
Duke Energy logo
DUKElectric Utilities and Infrastructure — Operating Revenues
$7.05B+3.3%
CNP
CNPElectric — Revenue from contracts with customers
$1.21B+13.2%

Other financials

Income statement

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Revenue$1.5B+11.1%
Gross profit$505.3M+14.2%
Operating income$263.8M+14.5%
Net income$181.8M+11.4%
EPS (diluted)$3.41+12.5%

Balance sheet

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Cash & equivalents$501.6M+44.6%
Total debt$2.2B+84.3%
Total equity$3.8B+15.6%
Total assets$8.4B+21.6%

Cash flow

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Operating cash flow$86.6M+132%
CapEx$40.6M+56.2%
Free cash flow$46.0M+304%

Valuation

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Market cap$27.67B+46.8%
Enterprise value$29.38B+49.2%
P/E30.6×+7.1×
P/S4.6×+1.2×

Profitability

See full
Gross margin35.5%+1.2pp
Operating margin20.7%+0.9pp
Net margin15.1%+0.7pp

Returns & leverage

See full
Return on equity25.8%-0.2pp
Debt / equity0.6×+0.2×
Current ratio1.6×+0.4×

Where this comes from

Reported directly by Hubbell in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Hubbell’s 10-K, filed February 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hubbell's utility T&D components — net sales?
Hubbell (HUBB) reported utility T&D components — net sales of $592.8M in Q4 2023.
How has Hubbell's utility T&D components — net sales changed year-over-year?
Hubbell's utility T&D components — net sales increased by 4.3% year-over-year, from $568.5M to $592.8M.
What is the long-term trend for Hubbell's utility T&D components — net sales?
Over 2 years (2021 to 2023), Hubbell's utility T&D components — net sales has grown at a 21.0% compound annual growth rate (CAGR), from $1.68B to $2.46B.
What does utility T&D components — net sales mean?
Total revenue earned from selling electrical transmission and distribution equipment to utility customers.
How do you interpret utility T&D components — net sales?
An increase indicates strong demand for grid infrastructure upgrades and utility capital expenditure, while a decrease may signal project delays or reduced utility spending.
How does utility T&D components — net sales compare across companies?
Comparable to revenue metrics for industrial power equipment divisions at peer companies like Eaton, Schneider Electric, or ABB.