Last $108.51 USD
Change Today -0.88 / -0.80%
Volume 544.9K
HUB/B On Other Exchanges
Symbol
Exchange
New York
New York
Frankfurt
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

hubbell inc -cl b (HUB/B) Snapshot

Open
$109.55
Previous Close
$109.39
Day High
$109.87
Day Low
$108.02
52 Week High
10/7/14 - $127.29
52 Week Low
10/15/14 - $95.95
Market Cap
6.4B
Average Volume 10 Days
301.3K
EPS TTM
$5.48
Shares Outstanding
51.9M
EX-Date
11/25/14
P/E TM
19.8x
Dividend
$2.24
Dividend Yield
1.90%
Current Stock Chart for HUBBELL INC -CL B (HUB/B)

Related News

No related news articles were found.

hubbell inc -cl b (HUB/B) Related Businessweek News

No Related Businessweek News Found

hubbell inc -cl b (HUB/B) Details

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company operates in two segments, Electrical and Power. The Electrical segment provides standard and special application wiring device products, rough-in electrical products, connector and grounding products, and lighting fixtures and controls, as well as other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, and telecommunications companies. It also designs and manufactures various high voltage test and measurement equipment, industrial controls, and communication systems for use in the non-residential and industrial markets, as well as in the oil and gas, and mining industries. This segment markets its products through electrical and industrial distributors, home centers, retail and hardware outlets, lighting showrooms, and residential lighting Internet sites; special application products primarily through wholesale distributors to contractors, industrial customers, and original equipment manufacturers; and high voltage products and other products directly to its customers. The Power segment designs, manufactures, and sells distribution, transmission, substation, and telecommunications products. This segment sells its products directly, as well as through distributors to electric utilities, telecommunication companies, pipeline and mining operations, industrial firms, construction and engineering firms, and transportation industries. Hubbell Incorporated was founded in 1888 and is headquartered in Shelton, Connecticut.

15,200 Employees
Last Reported Date: 10/24/14
Founded in 1888

hubbell inc -cl b (HUB/B) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $900.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $442.1K
Executive Vice President of Electrical Segmen...
Total Annual Compensation: $500.2K
Senior Vice President of Growth & Innovation
Total Annual Compensation: $441.4K
Compensation as of Fiscal Year 2013.

hubbell inc -cl b (HUB/B) Key Developments

Hubbell Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

Hubbell Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $895.3 million, an increase of 7% compared to the $835.9 million reported in the third quarter of 2013. Operating income was $142.8 million, or 15.9% of net sales, compared to $151.6 million, or 18.1% of net sales, for the comparable period of 2013. Net income was $89.6 million, a decrease of 7% compared to the $96.5 million reported in the third quarter of 2013. Earnings per diluted share were $1.51, a decrease of 7% compared to the $1.62 reported in the third quarter of 2013. Free cash flow was $121.6 million versus $103.0 million reported in the comparable period of 2013. The company reported income before income taxes of $134.8 million compared to $143.3 million for the last year. For the nine months, the company reported net sales of $2.5 billion, an increase of 6% compared to $2.4 billion in the same period last year. Operating income was $391.3 million, or 15.6% of net sales, compared to $381.4 million, or 16.0% of net sales, for the comparable period of 2013. Net income was $244.0 million, slightly below the $244.5 million reported in the first nine months of 2013. Earnings per diluted share were $4.10 slightly above the $4.09 reported for the comparable period of 2013. Free cash flow was $195.7 million compared to $185.5 million reported in the first nine months of 2013. The company reported income before income taxes of $367.3 million compared to $357.3 million, net cash provided by operating activities of $238.3 million compared to $225.9 million and capital expenditures of $42.6 million compared to $40.4 million for the last year. Net debt as at September 30, 2014 was $100.0 million compared to $189.1 million as at December 31, 2013. The company expected overall sales for 2014 to increase in the low end of the 5 to 6% range with balanced growth from acquisitions and organic volume. From a profitability standpoint, operating margins are expected to be lower than 2013 by sixty to seventy basis points as the less favorable product mix, lower than previously anticipated volume and costs issues that impacted the third quarter are expected to continue for the rest of the year.

Hubbell Approves Dividend, Payable on December 15, 2014

Hubbell announced that its board of directors approved a dividend increase of 12%. The board declared an annual payment rate of $2.24 per share, or $0.56 per quarter, versus the prior rate of $2 or $0.50 quarterly. The payment will be made on December 15, 2014 to shareholders of record on November 28, 2014.

Hubbell Inc. Revises Earnings Guidance for the Third Quarter and Full Year 2014

Hubbell Inc. revised earnings guidance for the third quarter and full year 2014. For the period, the company expects sales to increase by 7% while operating margin is anticipated to be 15.9%, which although strong, is below the company's previous expectations. For the full year 2014, the company expects revenue to increase in the low end of the previously provided 5-6% range. Full year operating margins are expected to decrease by 60 to 70 basis points compared to the prior year as most of the headwinds from the third quarter are likely to persist through the remainder of 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HUB/B:US $108.51 USD -0.88

HUB/B Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Acuity Brands Inc $141.07 USD -0.39
CommScope Holding Co Inc $22.51 USD +0.32
Cree Inc $36.74 USD +0.28
Esterline Technologies Corp $119.53 USD -0.29
OSRAM Licht AG €33.67 EUR -0.098
View Industry Companies
 

Industry Analysis

HUB/B

Industry Average

Valuation HUB/B Industry Range
Price/Earnings 20.0x
Price/Sales 1.9x
Price/Book 3.2x
Price/Cash Flow 17.4x
TEV/Sales 1.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HUBBELL INC -CL B, please visit www.hubbell.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.