HUBBELL INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
HUBB$437.79-0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions, except per share amounts) | 2024 | 2023 |
| Net sales | $1,399.1 | $1,285.4 |
| Cost of goods sold | 951.4 | 837.1 |
| Gross profit | 447.7 | 448.3 |
| Selling & administrative expenses | 219.2 | 199.5 |
| Operating income | 228.5 | 248.8 |
| Interest expense, net | (21.1) | (9.7) |
| Loss on disposition of business | (5.3) | — |
| Other expense, net | (0.7) | (4.1) |
| Total other expense | (27.1) | (13.8) |
| Income before income taxes | 201.4 | 235.0 |
| Provision for income taxes | 52.3 | 51.6 |
| Net income | 149.1 | 183.4 |
| Less: Net income attributable to noncontrolling interest | (1.3) | (1.5) |
| Net income attributable to Hubbell Incorporated | $147.8 | $181.9 |
| Earnings per share: | ||
| Basic earnings per share | $2.75 | $3.39 |
| Diluted earnings per share | $2.73 | $3.37 |
HUBBELL INCORPORATED-Form 10-Q 3
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