Hubbell Inc is a leading provider of electrical and utility solutions, offering a diverse range of products and services designed to contribute to the efficiency and reliability of power distribution and management systems
The company operates in two primary segments: Electrical and Power, focusing on delivering high-quality electrical equipment, components, and systems for both commercial and industrial applications. Hubbell also provides utility solutions aimed at delivering safer and more efficient power transmission and distribution. Through innovation and a commitment to customer service, Hubbell Inc plays a critical role in supporting the infrastructure needs of various sectors, ensuring the seamless flow of electricity and helping to enhance the performance of electrical systems.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Hubbell (NYSEHUBB) and its peers.
Since January 2020, the S&P 500 has delivered a total return of 81.4%. But one standout stock has more than doubled the market - over the past five years, Hubbell has surged 179% to $415.01 per share. Its momentum hasn’t stopped as it’s also gained 13.4% in the last six months, beating the S&P by 6.1%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Atkore (NYSEATKR).
Looking back on electrical systems stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Benchmark Electronics (NYSEBHE) and its peers.
Electrical and electronic products company Hubbell (NYSEHUBB) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 4.9% year on year to $1.44 billion. Its non-GAAP profit of $4.49 per share wasin line with analysts’ consensus estimates.
The U.S. recently kickstarted a multi-trillion-dollar, multi-decade infrastructure spending boom that has a chance to become the most dominant trend on Wall Street.
