Form 10-Q · Quarterly report
Hubbell Incorporated 10-Q, filed Oct 28, 2026
- Filed
- CIK
- 0000048898
- Accession no.
- 0001628280-26-067729
Summary
Hubbell Incorporated reported third-quarter 2026 net sales of $1,872.5 million, up 24.6% year over year, including 11.3% organic growth and a 13.2% contribution from acquisitions such as NSI Industries; adjusted operating margin expanded 160 basis points to 25.5% while GAAP operating margin contracted 20 basis points to 21.8%. Hubbell also said it received roughly $31 million of refunds on tariffs imposed under the International Emergency Economic Powers Act during the quarter, after the U.S. Supreme Court ruled in February 2026 that those tariffs exceeded presidential authority and they were replaced under alternative statutory authority.
Key points
- Diluted earnings per share were $4.94 versus $4.77 a year earlier, and net income attributable to Hubbell was $262.5 million.
- Electrical Solutions organic net sales grew 22.0%, led by datacenter, light industrial and utility markets, while Utility Solutions organic net sales rose 4.9% on transmission, distribution and substation strength.
- The sales contribution from acquisitions came from NSI Industries, acquired in the second quarter of 2026, and DMC and Nicor, acquired in the second half of 2025.
- Hubbell submitted IEEPA tariff refund claims through a U.S. Customs and Border Protection processing system launched April 20, 2026, and recognized about $31 million of refunds as a reduction to cost of goods sold.
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 Third quarter 2026 net sales were $1,872.5 million and increased by 24.6%, driven by an 11.3% increase in organic sales due to higher volume and favorable price realization. Acquisitions contributed a 13.2% increase in sales, driven by the acquisition 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 0.1% increase. Organic net sales in the Electrical Solutions segment grew by 22.0% in the third quarter of 2026 led by continued strength in the datacenter, light industrial and utility markets. …
An excerpt of the text as filed with the SEC, cut for length.
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