Stock Analysis on Net
Stock Analysis on Net

Hubbell Inc. (NYSE:HUBB)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Common-Size Income Statement

Hubbell Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net sales 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -70.26 -72.54 -71.11 -70.54 -70.98
Gross profit 29.74% 27.46% 28.89% 29.46% 29.02%
Selling & administrative expenses -15.41 -14.76 -16.16 -16.47 -16.59
Operating income 14.33% 12.69% 12.73% 12.99% 12.43%
Gain (loss) on disposition of business 0.00 -0.16 0.00 0.47 0.00
Loss on extinguishment of debt 0.00 -0.40 0.00 0.00 0.00
Pension charge -0.14 0.00 -0.18 -0.19 0.00
Interest expense, net -1.00 -1.30 -1.44 -1.51 -1.62
Investment income 0.00 0.00 0.00 0.03 0.00
Other income (expense), net 0.09 0.13 -0.28 -0.47 -0.39
Other expense -1.05% -1.74% -1.90% -1.66% -2.01%
Income from continuing operations before income taxes 13.28% 10.95% 10.83% 11.34% 10.42%
Provision for income taxes -2.83 -2.10 -2.33 -2.46 -2.25
Net income from continuing operations 10.44% 8.85% 8.50% 8.87% 8.17%
Income from discontinued operations, net of tax 0.70 0.82 0.00 0.00 0.00
Net income 11.14% 9.67% 8.50% 8.87% 8.17%
Net income attributable to noncontrolling interest -0.11 -0.15 -0.11 -0.14 -0.13
Net income attributable to Hubbell Incorporated 11.03% 9.53% 8.39% 8.73% 8.04%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Hubbell Inc. operating income as a percentage of net sales decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Hubbell Inc. income from continuing operations before income taxes as a percentage of net sales increased from 2020 to 2021 and from 2021 to 2022.
Net income attributable to Hubbell Incorporated The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Hubbell Inc. net income attributable to Hubbell Incorporated as a percentage of net sales increased from 2020 to 2021 and from 2021 to 2022.