Electrical products maker Hubbell beats Q3 adjusted EPS estimates on data center demand

Hubbell

28/10/2025 11:39

Overview

Hubbell Q3 revenue grows 4% yr/yr but misses analyst expectations

Adjusted EPS for Q3 beats analyst estimates, reflecting strong operational performance

Company raises 2025 adjusted EPS outlook, citing strong margin expansion and lower tax rate

Outlook

Hubbell raises 2025 adjusted EPS outlook to $18.10-$18.30

Company anticipates 3-4% organic sales growth for 2025

Hubbell expects 2025 free cash flow conversion of approximately 90%

Result Drivers

ELECTRICAL SOLUTIONS GROWTH - 8% organic growth driven by demand in datacenter and light industrial markets

GRID INFRASTRUCTURE GROWTH - 8% organic growth in Grid Infrastructure due to strong T&D markets and infrastructure investment

LOWER TAX RATE - Decreased tax rate contributed to earnings growth, driven by international restructuring benefits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.50 bln
$1.54 bln (10 Analysts)
Q3 Adjusted EPS
Beat
$5.17
$4.98 (11 Analysts)
Q3 EPS
$4.77
Q3 Net Income
$256.70 mln
Q3 Adjusted Operating Margin
23.90%
Q3 Free Cash Flow
$254 mln
Q3 Operating Margin
22%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Hubbell Inc is $458.00, about 5.2% above its October 27 closing price of $433.98

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nGNX9dxj6Q

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)