Hubbell Reports 2018 Fourth Quarter and Full Year Results
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Hubbell Inc. (HUBB) Tops Q4 EPS by 2c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus
February 5, 2019 7:32 AM ESTHubbell Inc. (NYSE: HUBB) reported Q4 EPS of $1.72, $0.02 better than the analyst estimate of $1.70. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.13 billion.
Q4 net sales up 25% (+5% organic, +20% acquisitions)Q4 adjusted diluted EPS of $1.72(1)Adjusted excludes Aclara acquisition-related costs ($0.12)Includes legacy intangible amortization ($0.12)Full year 2018 free cash flow of $421 million, 117% of net income (3)FY18 diluted EPS $6.54; adjusted diluted EPS of $7.29(1)Includes restructuring & related costs ($0.22)Includes legacy intangible amortization ($0.48)Adjusted excludes Aclara intangible amortization ($0.57) and acquisition costs ($0.18)FY19 diluted EPS expected... More