Hubbell Incorporated reported a net sales increase of 3.8% for the fiscal year ending December 31, 2025, reaching $5.84 billion, compared to $5.63 billion in 2024. The company's net income attributable to Hubbell rose by 13.9% to $887.1 million, with diluted earnings per share increasing by 14.9% to $16.54. The operating margin improved to 20.7%, up from 19.4% in the previous year, driven by favorable price realization and enhanced operational productivity, despite facing material cost inflation and tariff expenses.
The company made significant strategic moves in 2025, investing approximately $958 million in acquisitions, including the purchase of DMC Power for $829 million, which is expected to enhance its Utility Solutions segment. Additionally, Hubbell sold its residential lighting business for $131 million, which generated $187.1 million in sales in 2023. The divestiture resulted in a pre-tax loss of $5.3 million, recorded in the company's consolidated statement of income.
Operationally, Hubbell's Utility Solutions segment accounted for 63% of consolidated revenues, while the Electrical Solutions segment contributed 37%. The company reported a backlog of orders totaling $2.16 billion as of December 31, 2025, an increase from $1.90 billion in 2024. The company employed approximately 18,000 individuals globally, with 61% based in the United States. The workforce included about 2,425 union-represented employees, and Hubbell reported satisfactory labor relations.
Looking ahead, Hubbell anticipates continued growth driven by its strategic acquisitions and investments in automation and productivity initiatives. However, the company remains cautious about potential economic headwinds, including inflationary pressures and fluctuating market conditions, which could impact customer demand and overall financial performance. The company is committed to maintaining its competitive cost structure while navigating these challenges.
About HUBBELL INC
Hubbell Incorporated is a leading manufacturer of electrical and utility solutions, serving markets worldwide. Its core segments—Utility Solutions and Electrical Solutions—design, produce, and sell products supporting energy transmission, distribution, and infrastructure. The company emphasizes innovation, quality, and customer service, with a diverse global customer base including utilities, contractors, and industrial clients. Its business model focuses on manufacturing, sourcing, and strategic acquisitions to maintain competitive advantage.
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