HUBB

EX-99.1

2 exhibit991_07282026.htm

EXHIBIT-99.1

Document

Exhibit 99.1

Date:July 28, 2026  NEWS RELEASE

Hubbell Incorporated

40 Waterview Drive

Shelton, CT 06484

475-882-4000

HUBBELL REPORTS SECOND QUARTER 2026 RESULTS

•Q2 diluted EPS of $4.52; adjusted diluted EPS of $5.52 (up 12% y/y)

•Q2 net sales +15% (organic +10%; M&A +5%)

•Q2 operating margin 20.4%; adjusted operating margin 23.9% (down 50 bps y/y)

•FY 2026 diluted EPS expected range of $17.25-$17.55; raising adj. diluted EPS to $20.25-$20.55

SHELTON, CT. (July 28, 2026) – Hubbell Incorporated (NYSE: HUBB) today reported operating results for the second quarter ended June 30, 2026.

"Hubbell delivered strong performance in the second quarter, with double digit growth in sales, adjusted operating profit and adjusted earnings per share" said Gerben Bakker, Chairman, President and CEO.

Mr. Bakker continued, "Our strong positions in attractive end markets, as well as continued execution on our strategy, are demonstrated by our strong second quarter and first half financial results. Megatrends in grid modernization, load growth and datacenter investment drove 10% organic growth in the second quarter, with visible demand strength across utility and electrical markets. Operationally, we are managing inflation effectively through price and productivity actions while investing in capacity expansion to serve our customers in high growth areas and deploying capital to further upgrade our portfolio in high growth and margin areas within our core."

Mr. Bakker concluded, "Strong first half order trends provide visibility to our second half outlook, and we are increasing our full year outlook to reflect double digit growth in organic sales, adjusted operating profit and adjusted earnings per share at the midpoint of our range."

1

Certain terms used in this release, including “net debt”, “free cash flow”, “organic net sales”, “organic net sales growth”, “restructuring-related costs”, “Adjusted EBITDA”, and certain other “adjusted” measures, are defined under the section entitled “Non-GAAP Definitions.” See page 11 for more information.

2

SECOND QUARTER FINANCIAL HIGHLIGHTS

The comments and year-over-year comparisons in this segment review are based on second quarter results in 2026 and 2025.

Utility Solutions segment net sales in the second quarter of 2026 increased 10% to $1,026 million compared to $936 million reported in the second quarter of 2025. Organic net sales increased approximately 6% in the quarter compared to the second quarter 2025. Grid Infrastructure net sales increased approximately 12% and Grid Automation net sales increased approximately 1%. Segment operating income in the second quarter of 2026 was $234 million, or 22.8% of net sales, compared to $218 million, or 23.3% of net sales, in the same period of 2025. Adjusted operating income was $263 million, or 25.6% of net sales, in the second quarter of 2026 as compared to $239 million, or 25.5% of net sales, in the same period of the prior year. Changes in operating income and operating margin were primarily due to volume growth, the impact of acquisitions and favorable price and productivity, partially offset by higher cost inflation, raw material costs and tariffs.

Electrical Solutions segment net sales in the second quarter of 2026 increased 25% to $686 million compared to $549 million reported in the second quarter of 2025. Organic net sales increased 18% in the quarter, while acquisitions added 6.5%. Segment operating income in the second quarter of 2026 was $115 million, or 16.7% of net sales, compared to $118 million, or 21.5% of net sales, in the same period of 2025. Adjusted operating income was $146 million, or 21.2% of net sales, in the second quarter of 2026 as compared to $124 million, or 22.5% of net sales, in the same period of the prior year. Changes in operating income and operating margin were driven primarily by volume growth, the impact of acquisitions and favorable price realization and productivity, partially offset by higher cost inflation, raw material costs, tariffs and restructuring investment.

Adjusted diluted EPS in the second quarter 2026 excluded $0.56 of amortization of acquisition-related intangible assets and $0.44 of transaction, integration, and separation costs. Adjusted diluted EPS in the second quarter 2025 excluded $0.36 of amortization of acquisition-related intangible assets and $0.01 of transaction, integration, & separation costs.

3

During the second quarter, the Company acquired all of the issued and outstanding equity of NSI Electrical Buyer, Inc. ("NSI Industries"), a leading provider of electrical fittings, connectors, components and wire management products, for approximately $3.0 billion, using net proceeds from borrowings under a new unsecured term loan facility in an aggregate principal amount of $900 million, the issuance of $1.9 billion aggregate principal amount of senior notes and issuances of commercial paper.

Net cash

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hubb-202602030000048898false00000488982026-02-032026-02-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 3, 2026

HUBBELL INCORPORATED

(Exact name of registrant as specified in its charter)

Connecticut1-295806-0397030 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

40 Waterview Drive Shelton,Connecticut06484

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (475) 882-4000 N/A (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock - par value $0.01 per shareHUBBNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 2.02 Results of Operations and Financial Condition. On February 3, 2026, Hubbell Incorporated (the “Company”) issued a press release announcing results for the fourth quarter and full year ended December 31, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and hereby incorporated in this Item 2.02 by reference. The information in this Item 2.02, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS — Certain of the statements contained in this report and the exhibit attached hereto, including, without limitation, statements as to management’s good faith expectations and belief are forward-looking statements. Forward-looking statements are made based upon management’s expectations and belief concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management. Investors should consider this cautionary statement as well as the “Risk Factors” and other factors described in our periodic reports filed with the Securities and Exchange Commission when evaluating our forward-looking statements.

ITEM 9.01 Financial Statements and Exhibits.

EXHIBIT NO.DOCUMENT DESCRIPTION

99.1* Press Release, dated February 3, 2026, pertaining to the financial results of the Company for the fourth quarter and full year ended December 31, 2025

104*Cover Page Interactive Data File, (formatted as Inline XBRL) *Filed herewithin.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HUBBELL INCORPORATED

By:/s/ Jonathan M. Del Nero Name:Jonathan M. Del Nero Title:Vice President, Controller

Date: February 3, 2026