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HUBBELL INC (HUBB)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Electrical Solutions  2,076.81,859.71,603.11,776.82,660.6   
    Electrical       2,532.82,460.22,388.3
    Power  2,871.12,334.42,079.42,170.01,821.11,136.01,045.01,002.1
Total revenues   [+]4,947.94,194.13,682.53,946.64,481.73,668.83,505.23,390.4
            Revenue growth   [+]18.0%13.9%-6.7%-11.9%22.2%4.7%3.4%0.9%
Cost of goods sold  3,476.33,042.62,596.72,775.03,181.32,513.72,400.12,298.6
Gross profit  1,471.61,151.51,085.81,171.61,300.41,155.11,105.11,091.8
            Gross margin  29.7%27.5%29.5%29.7%29.0%31.5%31.5%32.2%
Selling, general and administrative  762.5619.2591.3644.9743.5636.3615.3617.2
Other operating expenses     -28.8-12.0   
EBITDA   [+]857.6681.4639.0693.4717.3637.3615.7579.0
            EBITDA margin  17.3%16.2%17.4%17.6%16.0%17.4%17.6%17.1%
Depreciation  72.873.472.469.279.563.358.657.0
EBITA  784.8608.0566.6624.2637.8574.0557.1522.0
            EBITA margin  15.9%14.5%15.4%15.8%14.2%15.6%15.9%15.4%
Amortization of intangibles  75.775.772.168.768.934.932.328.2
EBIT   [+]709.1532.3494.5555.5568.9539.1524.8493.8
            EBIT margin  14.3%12.7%13.4%14.1%12.7%14.7%15.0%14.6%
Non-recurring items     28.812.020.335.019.2
Interest expense, net   [+]49.654.760.1-1.572.344.042.930.5
Other income (expense), net   [+]-2.5-18.3-9.9-59.0-17.6-31.7-16.5-25.5
Pre-tax income  657.0459.3424.5469.2467.0443.1430.4418.6
Income taxes  140.288.289.8101.2100.9193.2132.6136.5
            Tax rate  21.3%19.2%21.2%21.6%21.6%43.6%30.8%32.6%
Minority interest      5.96.84.84.8
Net income  516.8371.1334.7368.0360.2243.1293.0277.3
            Net margin  10.4%8.8%9.1%9.3%8.0%6.6%8.4%8.2%
   
Basic EPS   [+]$9.62$6.83$6.18$6.76$6.60$4.44$5.28$4.81
Diluted EPS   [+]$9.55$6.78$6.14$6.73$6.56$4.41$5.26$4.78
   
Dividends per share   [+]$4.27$3.99$3.71$3.43$3.15$2.87$2.59$2.31
   
Shares outstanding (basic)   [+]53.754.354.254.454.654.855.557.7
Shares outstanding (diluted)   [+]54.154.754.554.754.955.155.758.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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