Hubbell Incorporated reported its third‑quarter 2025 results, showing total net sales of $1.502 billion, a 4% year‑over‑year increase, and net income of $255.5 million, which translates to a diluted earnings per share of $4.77. Adjusted diluted earnings per share rose to $5.17, a 15% year‑over‑year gain.
The Utility Solutions segment generated $944 million in net sales, up 1% from the same period last year. Within that segment, Grid Infrastructure sales increased 9%, while Grid Automation sales fell 18%. Electrical Solutions reported $558 million in net sales, up 10% YoY, driven by strong demand in data‑center and light‑industrial markets.
Adjusted operating income for the quarter was approximately $358.5 million, giving an adjusted operating margin of 23.9%, up from 23.2% in Q3 2024. Adjusted operating income was higher than the $242 million figure previously reported, which was based on segment‑level data rather than company‑wide totals.
Hubbell raised its 2025 adjusted earnings‑per‑share outlook to $18.10–$18.30. The company also reiterated guidance for full‑year sales growth of 3–4% and organic net sales growth of 3–4%. Free‑cash‑flow conversion is expected to be roughly 90% of adjusted net income.
The effective tax rate fell to 17.5% from 21.0% due to a significant tax benefit arising from an international restructuring. Cash provided by operating activities was $284 million, and free cash flow was $254 million.
The company completed the acquisition of DMC Power on October 1, 2025. The acquisition is expected to contribute about $25 million in sales in Q4 2025 and $0.20 to earnings per share in 2026. Bill Sperry will retire as chief financial officer on December 31, 2025, with Joe Capozzoli succeeding him. Hubbell also increased its dividend by 8% on October 24, 2025.
An earnings conference call is scheduled for 10:00 a.m. ET.
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