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Hubbell HUBB Customer program incentives

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Other financials

Income statement

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Revenue$1.7B+15.3%
Gross profit$613.0M+11.0%
Operating income$348.6M+3.7%
Net income$240.4M-1.6%
EPS (diluted)$4.52-0.9%

Balance sheet

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Cash & equivalents$378.6M-1.0%
Total debt$5.0B+316%
Total equity$3.9B+12.2%
Total assets$11.8B+65.7%

Cash flow

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Operating cash flow$249.8M-4.1%
CapEx$37.0M-7.3%
Free cash flow$212.8M-3.6%

Valuation

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Market cap$27.16B+22.4%
Enterprise value$31.77B+38.1%
P/E30.1×+3.2×
P/S4.4×+0.4×

Profitability

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Gross margin35.2%+0.6pp
Operating margin20.2%-0.1pp
Net margin14.5%-0.2pp
FCF margin14.5%+0.5pp

Returns & leverage

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Return on equity24.4%-0.9pp
Debt / equity1.3×+0.9×
Current ratio1.6×+0.3×

Where this comes from

Reported directly by Hubbell in its filing.

Tagged under the XBRL concept hubb:AccruedCustomerIncentivesCurrent.

The source filing: Hubbell’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 8:09 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050405
Line itemJune 30, 2026December 31, 2025
Customer program incentives$71.1$73.5
Accrued income taxes14.227.5
Contract liabilities - deferred revenue145.3161.3
Customer refund liability21.020.5
Accrued warranties short-term(1)15.915.2
Current operating lease liabilities47.240.7
Other134.6112.0
TOTAL$449.3$450.7

ITEM 1 Financial Statements

FAQ

What is Hubbell's customer program incentives?
Hubbell (HUBB) reported customer program incentives of $71.1M in Q2 2026.
How has Hubbell's customer program incentives changed year-over-year?
Hubbell's customer program incentives increased by 67.3% year-over-year, from $42.5M to $71.1M.
What is the long-term trend for Hubbell's customer program incentives?
Over 5 years (2020 to 2025), Hubbell's customer program incentives has grown at a 12.5% compound annual growth rate (CAGR), from $40.7M to $73.5M.
What does customer program incentives mean?
This represents liabilities for rebates, volume discounts, or other promotional incentives owed to customers. It reflects the company's commitment to provide future financial benefits to customers based on past sales performance. Tracking this helps in understanding the true net revenue realization and the competitive intensity of the company's pricing strategy.

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