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.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Hubbell Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net sales 1,375,800 1,365,900 1,285,400 1,219,600 1,316,200 1,256,000 1,156,100 1,100,100 1,083,400 1,054,300 956,300 1,037,900 1,108,600 949,200 1,090,300 1,103,300 1,204,000 1,196,400 1,087,300 1,144,100 1,179,700 1,166,700 991,200
Cost of goods sold (888,400) (869,700) (837,100) (852,800) (917,700) (872,800) (833,000) (810,200) (782,300) (756,000) (694,100) (752,200) (779,000) (668,700) (776,800) (777,300) (842,000) (839,000) (780,000) (823,500) (830,700) (818,800) (708,300)
Gross profit 487,400 496,200 448,300 366,800 398,500 383,200 323,100 289,900 301,100 298,300 262,200 285,700 329,600 280,500 313,500 326,000 362,000 357,400 307,300 320,600 349,000 347,900 282,900
Selling & administrative expenses (211,100) (208,400) (199,500) (194,800) (194,900) (192,600) (180,200) (155,600) (155,200) (156,100) (152,300) (165,900) (166,700) (149,000) (194,700) (190,100) (189,100) (190,500) (186,400) (184,000) (185,200) (191,000) (183,300)
Operating income 276,300 287,800 248,800 172,000 203,600 190,600 142,900 134,300 145,900 142,200 109,900 119,800 162,900 131,500 118,800 135,900 172,900 166,900 120,900 136,600 163,800 156,900 99,600
Interest expense, net (7,800) (9,200) (9,700) (11,700) (12,100) (12,700) (13,100) (13,300) (13,600) (12,600) (15,200) (14,500) (15,000) (15,700) (15,100) (17,700) (17,000) (17,200) (17,500) (17,900) (18,400) (18,800) (17,300)
Gain (loss) on disposition of business — — — — — — — — (100) (6,800) — — — — — — 21,700 — — — — — —
Loss on extinguishment of debt — — — — — — — — — (16,800) — — — — — — — — — — — — —
Pension charge — — — (1,100) (1,500) (4,400) — — — — — (1,000) (6,600) — — 14,400 — (22,900) — — — — —
Investment income — — — — — — — — — — — — — — — 1,500 — — — 100 — — —
Other income (expense), net (3,500) (4,800) (4,100) (2,400) 800 2,500 3,600 2,900 800 500 1,200 (2,700) (2,300) (2,800) (3,800) (3,200) (9,600) (3,200) (5,400) (4,100) (2,900) (4,100) (6,500)
Other expense (11,300) (14,000) (13,800) (15,200) (12,800) (14,600) (9,500) (10,400) (12,900) (35,700) (14,000) (18,200) (23,900) (18,500) (18,900) (5,000) (4,900) (43,300) (22,900) (21,900) (21,300) (22,900) (23,800)
Income from continuing operations before income taxes 265,000 273,800 235,000 156,800 190,800 176,000 133,400 123,900 133,000 106,500 95,900 101,600 139,000 113,000 99,900 130,900 168,000 123,600 98,000 114,700 142,500 134,000 75,800
Provision for income taxes (63,000) (65,600) (51,600) (32,900) (38,800) (38,900) (29,600) (22,600) (27,500) (16,900) (21,200) (19,000) (30,400) (23,900) (24,200) (27,800) (35,400) (25,700) (24,200) (25,500) (27,800) (31,600) (16,000)
Net income from continuing operations 202,000 208,200 183,400 123,900 152,000 137,100 103,800 101,300 105,500 89,600 74,700 82,600 108,600 89,100 75,700 103,100 132,600 97,900 73,800 89,200 114,700 102,400 59,800
Income (loss) from discontinued operations, net of tax — — — (18,300) (11,200) (13,600) 77,700 18,100 5,000 7,000 4,400 — — — — — — — — — — — —
Net income 202,000 208,200 183,400 105,600 140,800 123,500 181,500 119,400 110,500 96,600 79,100 82,600 108,600 89,100 75,700 103,100 132,600 97,900 73,800 89,200 114,700 102,400 59,800
Net income attributable to noncontrolling interest (1,900) (1,400) (1,500) (1,000) (1,700) (1,500) (1,300) (1,800) (2,100) (800) (1,400) (1,700) (1,500) (900) (700) (1,200) (1,900) (1,900) (1,500) (1,200) (1,100) (2,100) (1,500)
Net income attributable to Hubbell Incorporated 200,100 206,800 181,900 104,600 139,100 122,000 180,200 117,600 108,400 95,800 77,700 80,900 107,100 88,200 75,000 101,900 130,700 96,000 72,300 88,000 113,600 100,300 58,300

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Hubbell Inc. net sales increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Hubbell Inc. operating income increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023.
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 increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023.
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 increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023.