HUBBELL INC
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 2024
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Condensed Consolidated Statements of Comprehensive Income
Condensed Consolidated Statements of Comprehensive Income (unaudited)
| Three Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Net income | $221.0 | $202.0 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | 17.7 | (12.8) |
| Defined benefit pension and post-retirement plans, net of taxes of $(0.6) and $(0.7) | 1.9 | 1.9 |
| Unrealized gain (loss) on investments, net of taxes of $(0.2) and $0.1 | 0.8 | (0.3) |
| Unrealized gain (loss) on cash flow hedges, net of taxes of $0.1 and $(0.1) | (0.4) | 0.4 |
| Other comprehensive income (loss) | 20.0 | (10.8) |
| Comprehensive income | 241.0 | 191.2 |
| Less: Comprehensive income attributable to noncontrolling interest | 1.6 | 1.9 |
| Comprehensive income attributable to Hubbell Incorporated | $239.4 | $189.3 |
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Net income | $585.3 | $593.6 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | (13.2) | 0.5 |
| Defined benefit pension and post-retirement plans, net of taxes of $(1.8) and $(2.5) | 6.1 | 5.3 |
| Unrealized gain (loss) on investments, net of taxes of $(0.1) and $0.1 | 0.4 | (0.3) |
| Unrealized gain (loss) on cash flow hedges, net of taxes of $(0.1) and $0.2 | 0.1 | (0.5) |
| Other comprehensive income (loss) | (6.6) | 5.0 |
| Comprehensive income | 578.7 | 598.6 |
| Less: Comprehensive income attributable to noncontrolling interest | 4.5 | 4.8 |
| Comprehensive income attributable to Hubbell Incorporated | $574.2 | $593.8 |
See notes to unaudited Condensed Consolidated Financial Statements. s to unaudited Condensed Consolidated Financial Statements.
See notes to unaudited Condensed Consolidated Financial
HUBBELL INCORPORATED-Form 10-Q 4
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