Hubbell Incorporated reported financial results for the third quarter ended September 30, 2026, highlighting significant growth in sales and adjusted earnings. The company announced diluted earnings per share (EPS) of $4.94 for the quarter, with adjusted diluted EPS reaching $5.91, representing a 14% year-over-year increase.
Net sales for the third quarter increased by 25%, driven by organic growth of 11% and contributions from mergers and acquisitions (M&A) totaling 13%. Operating margin was reported at 21.8%, with an adjusted operating margin of 25.5%, which increased by 160 basis points compared to the prior year.
Hubbell provided updated guidance for the full year 2026. The company anticipates total sales growth of 18% to 19%, including organic sales growth of 10% to 11%. GAAP diluted EPS is expected to be in the range of $17.30 to $17.50. Additionally, the company has raised its adjusted diluted EPS guidance to $20.40 to $20.60 for the year.
Segment performance varied by division. Utility Solutions segment net sales increased 9% to $1,028 million, while Electrical Solutions segment net sales increased 51% to $845 million. The company noted that Electrical Solutions benefited from over 20% organic growth, driven by strong datacenter markets.
Net cash provided by operating activities was $323 million in the third quarter, with free cash flow reaching $280 million. The company expects full year 2026 free cash flow conversion of approximately 90% on adjusted net income.
