Hubbell Inc · NYSE:HUBB
Hubbell — Q3 2025 Earnings Presentation
16 slides from Hubbell's earnings presentation, Oct 28, 2025
Slide 1: Third Quarter 2025 Earnings Call
Third Quarter 2025 Earnings Call October 28, 2025
Slide 2: Forward Looking Statements and Non-GAAP Measures
Forward Looking Statements and Non-GAAP Measures Forward Looking Statements Certain statements contained herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements generally relate to our expectations and beliefs rega
Slide 3: Key Messages
Key Messages 1 Double digit adj. diluted EPS growth in 3Q; raising 2025 outlook 2 Electrical Solutions +HSD organic and double digit adjusted OP growth 3 Utility Solutions: Grid Infrastructure +HSD organic growth; Grid Automation headwinds set to fade on normalized 4Q comparisons 4 Price and product
Slide 4: Closed Acquisition of DMC Power
Closed Acquisition of DMC Power DMC Leading manufacturer of proprietary swage connector PRODUCT DIFFERENTIATION POWER technology for high voltage power infrastructure ▪ DMC swage technology enables durable, high quality connection with enhanced safety, speed of install, labor savings and customer RO
Slide 5: 3Q 2025 Results
3Q 2025 Results NET SALES ADJ. OPERATING PROFIT ADJ. DILUTED EPS FREE CASH FLOW $ millions $ millions $ per share $ millions +12% +34% +4% +4% 1,502 $5.17 254 358 1,443 344 $4.61 23.9% 189 23.8% 3Q 2024 3Q 2025 3Q 2024 3Q 2025 3Q 2024 3Q 2025 3Q 2024 3Q 2025 Organic +3% Margin expansion y/y Up Doubl
Slide 6: 3Q 2025 Hubbell Utility Solutions (HUS) Segment Results
3Q 2025 Hubbell Utility Solutions (HUS) Segment Results HUS NET SALES HUS ADJUSTED OPERATING PROFIT $ millions $ millions +1% -1% 933 944 245 242 Organic +<1% 26.2% 25.7% 3Q 2024 3Q 2025 3Q 2024 3Q 2025 HIGHLIGHTS AND KEY PERFORMANCE DRIVERS Grid Infrastructure sales $715M (+8% organic) ▪ Broad-base
Slide 7: 3Q 2025 Hubbell Electrical Solutions (HES) Segment Results
3Q 2025 Hubbell Electrical Solutions (HES) Segment Results HES NET SALES HES ADJUSTED OPERATING PROFIT $ millions $ millions +10% +17% 559 116 510 99 Organic +8% 20.8% M&A +1% 19.4% 3Q 2024 3Q 2025 3Q 2024 3Q 2025 HIGHLIGHTS AND KEY PERFORMANCE DRIVERS ▪ Datacenter sales up significantly ▪ Volume gr
Slide 8: Raising 2025 Adjusted EPS Outlook Range
Raising 2025 Adjusted EPS Outlook Range Updated +3-4% $18.10-$18.30 ~90% 2025 Outlook Organic Growth Adjusted Diluted EPS Free Cash Flow conversion on adj. income UPDATED 2025 OUTLOOK ASSUMPTIONS 4Q 2025 MODELING CONSIDERATIONS ✓ HUS sales improved at steadier pace than initially anticipated in 3Q ✓
Slide 9: Hubbell Utility Solutions Historical Performance By Business
Hubbell Utility Solutions Historical Performance By Business HUS SALES BY BUSINESS HUS 5-YEAR SALES PERFORMANCE COMMENTARY Grid Protection & Controls Meters & AMI Distribution/Substation Integrated Substation Solutions automation solutions Specialty Infrastructure T&D Infrastructure ▪ Strong through
Slide 10: 2026 Early Preview
2026 Early Preview UTILITY SOLUTIONS ELECTRICAL SOLUTIONS Distribution markets solid; growth improving into 2026 Planning for continued non-res softness; lower rates could improve outlook Visible project pipeline supports continued Substation/Transmission strength Well positioned for continued light
Slide 11: APPENDIX
HUBBELL x Q z im o. o <
Slide 12: APPENDIX
APPENDIX References to "adjusted" operating measures exclude the impact of certain costs, gains or losses. Management believes Free cash flow is a non-GAAP measure that we believe provides useful information regarding the Company's ability to these adjusted operating measures provide useful informat
Slide 13: APPENDIX
APPENDIX Reconciliation of Adjusted Net Income to the most directly comparable GAAP measure (millions): Hubbell Incorporated Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 Change 2025 2024 Change Net income attributable to Hubbell (GAAP measure) $ 255.5 $ 226.2 13 % $ 662
Slide 14: APPENDIX
APPENDIX Reconciliation of Adjusted Operating Margin to the most directly comparable GAAP measure (millions): Hubbell Incorporated Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 Change 2025 2024 Change Net Sales [a] $ 1,502.4 $ 1,442.6 4% $ 4,351.9 $ 4,294.2 1% Operating
Slide 15: APPENDIX
APPENDIX Reconciliation of Organic Net Sales Growth to Net Sales Growth (millions and percentage change): Hubbell Incorporated Three Months Ended September 30, Nine Months Ended September 30, 2025 Inc/(Dec)% 2024 Inc/(Dec)% 2025 Inc/(Dec)% 2024 Inc/(Dec)% Net sales growth (GAAP measure) $ 59.8 4.1 $
Slide 16: APPENDIX
APPENDIX Reconciliation of Net Debt to the most directly comparable GAAP measure (millions): Hubbell Incorporated September 30, 2025 December 31, 2024 Total Debt (GAAP measure) $ 1,996.3 $ 1,568.1 Total Hubbell Shareholders’ Equity 3,681.3 3,396.2 Total Capital $ 5,677.6 $ 4,964.3 Total Debt to Tota