HUBBELL INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
HUBB$441.57+2.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share amounts) | 2024 | 2023 | 2022 |
| Net sales | $5,628.5 | $5,372.9 | $4,947.9 |
| Cost of goods sold | 3,724.4 | 3,484.8 | 3,476.3 |
| Gross profit | 1,904.1 | 1,888.1 | 1,471.6 |
| Selling & administrative expenses | 812.5 | 849.6 | 762.5 |
| Operating income | 1,091.6 | 1,038.5 | 709.1 |
| Loss on disposition of business (Note 4) | (5.3) | — | — |
| Pension charge (Note 12) | — | — | (7.0) |
| Interest expense, net | (73.8) | (36.7) | (49.6) |
| Other (expense) income, net | (7.2) | (18.5) | 4.5 |
| Total other expense | (86.3) | (55.2) | (52.1) |
| Income from continuing operations before income taxes | 1,005.3 | 983.3 | 657.0 |
| Provision for income taxes | 221.8 | 217.3 | 140.2 |
| Net income from continuing operations | 783.5 | 766.0 | 516.8 |
| Less: Net income from continuing operations attributable to noncontrolling interest | (5.7) | (6.2) | (5.5) |
| Net income from continuing operations attributable to Hubbell Incorporated | 777.8 | 759.8 | 511.3 |
| Income from discontinued operations, net of tax (Note 2) | — | — | 34.6 |
| Net income attributable to Hubbell Incorporated | $777.8 | $759.8 | $545.9 |
| Earnings per share | |||
| Basic earnings per share from continuing operations | $14.46 | $14.14 | $9.49 |
| Basic earnings per share from discontinued operations | — | — | 0.64 |
| Basic earnings per share | $14.46 | $14.14 | $10.13 |
| Diluted earnings per share from continuing operations | $14.37 | $14.05 | $9.43 |
| Diluted earnings per share from discontinued operations | — | — | 0.64 |
| Diluted earnings per share | $14.37 | $14.05 | $10.07 |
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