Form 10-Q · Quarterly report
Hubbell Incorporated 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0000048898
- Accession no.
- 0001628280-26-050405
Summary
Hubbell Incorporated reported second-quarter 2026 net sales of $1,711.8 million, up 15.3% from a year earlier on 10.2% organic growth plus acquisitions, while operating margin contracted 230 basis points to 20.4% and diluted earnings per share slipped to $4.52 from $4.56. The company said the U.S. Supreme Court ruled on February 20, 2026 that tariffs imposed under IEEPA exceeded presidential authority, that replacement tariffs were imposed under other authority, and that Hubbell has filed refund claims and, after June 30, 2026, received about $30 million of previously paid IEEPA tariffs that were not recognized in the quarter's financial statements.
Key points
- Second-quarter 2026 net sales rose 15.3% to $1,711.8 million, with organic sales up 10.2%, acquisitions adding 4.8% and foreign exchange 0.3%.
- Organic sales grew 18.3% in Electrical Solutions on data center, light industrial and non-residential demand, and 5.5% in Utility Solutions on transmission and distribution strength.
- Operating margin fell 230 basis points to 20.4%; adjusted operating margin fell 50 basis points to 23.9%, with price, productivity and volume gains offset by material and other cost inflation including tariff expense.
- Hubbell received roughly $30 million in IEEPA tariff refunds after June 30, 2026, which were not recognized in the period's financial statements.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2 Management’s Discussion Overview Second quarter 2026 net sales were $1,711.8 million and increased by 15.3%, driven by a 10.2% increase in organic sales due to higher volume and favorable price realization. Acquisitions contributed to a 4.8% increase in sales, driven by the acquisitions of NSI Industries in the second quarter of 2026, and the acquisitions of DMC and Nicor in the second half of 2025, while the impact of foreign exchange was a 0.3% increase. Organic net sales in the Electrical Solutions segment grew by 18.3% in the second quarter of 2026 led by continued strength in the data center, light industrial and non-residential markets. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.