Hubbell Inc · NYSE:HUBB
Hubbell — Q4 2025 Earnings Presentation
17 slides from Hubbell's earnings presentation, Feb 3, 2026
Slide 1: Fourth Quarter 2025 Earnings Call
Fourth Quarter 2025 Earnings Call February 3, 2026
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 Double digit growth in sales, adj. operating profit and adj. EPS in 4Q 1 ➢ Strong 4Q financial performance Strong demand in core utility and electrical markets 2 ➢ Driven by datacenter projects, load growth and aging infrastructure resiliency investment 3 Delivered on FY25 outlook while
Slide 4: 2025 Summary
2025 Summary FINANCIAL PERFORMANCE KEY ACCOMPLISHMENTS Net Sales $5.84B Significant progress achieved in HES segment unification (+4% Y/Y) ➢ HES +7% organic growth and +14% adj. operating profit growth with +120bps adj. OP margin expansion ➢ Solutions-oriented commercial alignment, vertical market i
Slide 5: 4Q 2025 Results
4Q 2025 Results NET SALES ADJ. OPERATING PROFIT ADJ. DILUTED EPS FREE CASH FLOW $ millions $ millions $ per share $ millions +19% +15% +12% +7% 349 $4.73 1,493 389 364 1,334 23.4% $4.13 293 22.0% 4Q 2024 4Q 2025 4Q 2024 4Q 2025 4Q 2024 4Q 2025 4Q 2024 4Q 2025 Organic +9% +140bps y/y Up Mid Teens y/y
Slide 6: 4Q 2025 Hubbell Utility Solutions (HUS) Segment Results
4Q 2025 Hubbell Utility Solutions (HUS) Segment Results HUS NET SALES HUS ADJUSTED OPERATING PROFIT $ millions $ millions +20% +10% 235 936 847 Organic +7% 196 25.1% Acquisitions +4% 23.1% 4Q 2024 4Q 2025 4Q 2024 4Q 2025 HIGHLIGHTS AND KEY PERFORMANCE DRIVERS Grid Infrastructure sales $717M (+12% or
Slide 7: 4Q 2025 Hubbell Electrical Solutions (HES) Segment Results
4Q 2025 Hubbell Electrical Solutions (HES) Segment Results HES NET SALES HES ADJUSTED OPERATING PROFIT $ millions $ millions +14% +18% 557 114 487 97 Organic +13% 20.5% Acquisitions +1% 19.9% 4Q 2024 4Q 2025 4Q 2024 4Q 2025 HIGHLIGHTS AND KEY PERFORMANCE DRIVERS ▪ Datacenter sales up >60% ▪ Light in
Slide 8: Growth and Productivity Spotlight: HES Burndy Datacenter Growth
Growth and Productivity Spotlight: HES Burndy Datacenter Growth BURNDY DATACENTER POSITIONING AUTOMATION AND CAPACITY EXPANSION ▪ Burndy a leading electrical connectors & grounding franchise ▪ 3-year investment of >$15M in US automation capacity ▪ Serving wide range of industrial vertical markets ▪
Slide 9: 2026 Organic Growth Outlook
2026 Organic Growth Outlook UTILITY SOLUTIONS ELECTRICAL SOLUTIONS ➢ Distribution markets solid, driven by hardening and resiliency investment ➢ Well positioned for continued light industrial strength on megaprojects ➢ Visible project pipeline supports continued Substation/Transmission strength ➢ An
Slide 10: 2026 Outlook
2026 Outlook Initiating +7-9% $19.15-$19.85 >90% 2026 Outlook Sales Growth Adjusted Diluted EPS Free Cash Flow (+5-7% Organic) conversion on adj. income 2026 MODELING CONSIDERATIONS 2026 OUTLOOK BRIDGE ➢ Price | Cost | Productivity planned to be neutral or better FY26 Net Interest ➢ Planning for hig
Slide 11: Appendix
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Slide 12: Appendix: Non-GAAP Definitions
APPENDIX References to "adjusted" operating measures exclude the impact of certain costs, gains or losses. Management believes these adjusted After-tax Return on Invested Capital ("ROIC") is a non-GAAP measure that is helpful to investors in assessing the company's ability to generate operating meas
Slide 13: Reconciliation of Adjusted Net Income
APPENDIX Reconciliation of Adjusted Net Income to the most directly comparable GAAP measure (millions): Hubbell Incorporated Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 Change 2025 2024 Change Net income attributable to Hubbell (GAAP measure) $ 224.2 $ 198.2 13 % $ 887
Slide 14: Reconciliation of Adjusted Operating Margin
APPENDIX Reconciliation of Adjusted Operating Margin to the most directly comparable GAAP measure (millions): Hubbell Incorporated Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 Change 2025 2024 Change Net Sales [a] $ 1,492.7 $ 1,334.3 12 % $ 5,844.6 $ 5,628.5 4% Operatin
Slide 15: Reconciliation of Organic Net Sales Growth
APPENDIX Reconciliation of Organic Net Sales Growth to Net Sales Growth (millions and percentage): Hubbell Incorporated Three Months Ended December 31, Twelve Months Ended December 31, 2025 Inc/(Dec)% 2024 Inc/(Dec)% 2025 Inc/(Dec)% 2024 Inc/(Dec)% Net sales growth (decline) (GAAP measure) $ 158.4 1
Slide 16: Reconciliation of Net Debt
APPENDIX Reconciliation of Net Debt to the most directly comparable GAAP measure (millions): Hubbell Incorporated December 31, 2025 December 31, 2024 Total Debt (GAAP measure) $ 2,325.4 $ 1,568.1 Total Hubbell Shareholders’ Equity 3,847.9 3,396.2 Total Capital $ 6,173.3 $ 4,964.3 Total Debt to Total
Slide 17: Reconciliation of Free Cash Flow
APPENDIX Reconciliation of Free Cash Flow to the most directly comparable GAAP measure (millions): Three Months Ended Twelve Months Ended December December 31, 31, 2025 2024 2025 2024 Net cash provided by operating activities (GAAP measure) $ 447.5 $ 432.4 $ 1,029.8 $ 991.2 Less: Capital expenditure