Hubbell Inc

HUBB: XNYS (USA)
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Hubbell Earnings: Share Price Volatility Does Not Mimic This Electrical Behemoth’s Sturdy Earnings

Hubbell reported fourth-quarter results the morning of Feb. 4, with quarterly organic sales declining around 3% year over year and full-year organic sales flat. Its utility solutions segment had the greatest impact on consolidated results, growing revenue over 10% from the $1.1 billion acquisition of Systems Control. Excluding discontinued operations, earnings per share grew just above 2%. We’ve increased our fair value estimate to $383 per share from $365 as a result of the time value of money.

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