Brief: Hubbell Inc Posts Q1 Earnings Per Share $3.37

Hubbell

25/04/2023 13:48

April 25 (Reuters) - Hubbell Inc  HUBB.N :
    * HUBBELL REPORTS FIRST QUARTER 2023 RESULTS
    * Q1 EARNINGS PER SHARE $3.37
    * QTRLY ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS OF
$3.61
    * RAISE FY23 DILUTED EPS FROM CONTINUING OPERATIONS TO
$12.00-$12.50; ADJUSTED DILUTED EPS OF $13.00-$13.50
    * ANTICIPATES FY23 ADJUSTED DILUTED EARNINGS PER SHARE FROM
CONTINUING OPERATIONS IN RANGE OF $13.00-$13.50
    * ANTICIPATES FY 2023 TOTAL SALES GROWTH OF 8-10% AND
ORGANIC NET
SALES GROWTH OF 7-9%, AS COMPARED TO FULL YEAR 2022
    * EXPECTS FULL YEAR 2023 FREE CASH FLOW CONVERSION OF 90% TO
95%
OF ADJUSTED NET INCOME FROM CONTINUING OPERATIONS
    * Q1 EARNINGS PER SHARE VIEW $2.47, REVENUE VIEW $1.25
BILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $11.32, REVENUE VIEW $5.23
BILLION -- REFINITIV IBES DATA
    * QTRLY NET SALES $1.29 BILLION VERSUS $1.16 BILLION
    * EXPECTS FULL YEAR 2023 FREE CASH FLOW CONVERSION OF 90% TO
95%
OF ADJUSTED NET INCOME FROM CONTINUING OPERATIONS

Source text for Eikon:  ID:nGNX25hBTM 
Further company coverage:  HUBB.N 

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