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Hubbell
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Latest analysis
Updated Oct 28, 2026
Hubbell Q3 2026: NSI Industries acquisition drives 24.6% revenue growth; datacenter organic strength and $31M IEEPA tariff refund lift adjusted operating margin 160bps to 25.5%.
Hubbell's Q3 2026 results are defined by two converging forces: the $3.0 billion NSI Industries acquisition (closed June 2026) adding 13.2 percentage points of inorganic growth, and 22.0% organic growth in Electrical Solutions driven by datacenter, light industrial, and utility markets. The $31 million IEEPA tariff refund — recognized as a reduction to cost of goods sold in Q3 — is a one-time structural benefit that management has elected to account for on a gain-contingency basis, meaning future refunds remain unrecognized until received. Grid Automation experienced a temporary supply chain disruption in Q3, the single operational soft spot in an otherwise broad-based acceleration.
Tone: bullishRevenue
$5.8B
HUBB 10-K · FY 2025
Employees
18,000
Revenue FY2024
$5.6B
Founded
1888
Profile
HUBB 10-K Item 1 · Feb 12, 2026Hubbell Incorporated is a Connecticut-based manufacturer of electrical and utility solutions sold under more than 75 brands worldwide. The company operates two segments — Utility Solutions and Electrical Solutions — serving utility, industrial, commercial, and data center end markets. Its products enable critical infrastructure operators to transmit, distribute, and manage electrical power across the full energy value chain.
Read filing description ↓ Collapse description ↑
Hubbell Incorporated was founded as a proprietorship in 1888, and was incorporated in Connecticut in 1905. Recognized for our innovation, quality, and deep commitment to serving our customers for over 135 years, Hubbell is a world-class manufacturer of electrical and utility solutions, with more than 75 brands used around the world. We provide utility and electrical solutions that enable our customers to operate critical infrastructure reliably and efficiently, and we empower and energize communities through innovative solutions supporting energy infrastructure In Front of the Meter, on The Edge, and Behind the Meter. In Front of the Meter is where utilities transmit and distribute energy to their customers. The Edge connects utilities with owners and operators and allows energy and data to be distributed back and forth. Behind the Meter is where owners and operators of building and other critical infrastructure consume energy. Products are either sourced complete, manufactured or assembled by subsidiaries in the United States, Canada, Puerto Rico, Mexico, China, the United Kingdom, Brazil, Australia, Spain, Ireland, and the Republic of the Philippines. The Company also participates in joint ventures in Hong Kong and the Republic of the Philippines, and maintains offices in Singapore, Italy, China, India, Mexico, South Korea, Chile, and countries in the Middle East. The Company's reporting segments consist of the Utility Solutions segment and the Electrical Solutions segment.
Primary products
- arresters
- insulators
- connectors
- anchors
- bushings
- enclosures
Business segments
End markets
Geographies
“Hubbell considers product performance, reliability, quality and technological innovation to be important factors relevant to all areas of its business and considers its reputation as a manufacturer of quality products to be an important factor in its business.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales increased by 3.8% or $216 million in 2025, driven by favorable price realization and higher unit volumes across both segments.
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