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Stock impact report

Hubbell Reports First Quarter 2020 Results

Hubbell Inc (HUBB) 
Last hubbell inc earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: GlobeNewswire
Shelton, CT, April 30, 2020 (GLOBE NEWSWIRE) -- HUBBELL REPORTS FIRST QUARTER 2020EARNINGS PER DILUTED SHARE OF $1.37 ANDADJUSTED EARNINGS PER DILUTED SHARE OF $1.64(1) Q1 net sales flat (organic flat)Q1 diluted EPS of $1.37; adjusted diluted EPS of $1.64(1) Includes restructuring and related investment ($0.08) Q1 Free Cash Flow of $91 million(3)2020 guidance withdrawn due to uncertainty relating to COVID-19 pandemic Hubbell Incorporated (NYSE: HUBB) today reported operating results for the first quarter ended March 31, 2020. "Hubbell delivered another quarter of solid operating performance,” said David G. Nord, Chairman and Chief Executive Officer. “Grid hardening and modernization initiatives, along with ongoing renewable energy trends, continued to drive strong demand for T&D components in our utility markets. Electrical end markets were softer, driven by weakness in C&I lighting and heavy industrial markets, partially offset by pockets of strength in residential and Show less Read more
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