Hubbell Raises Profit Forecast After Q1 Revenue Beats and 11% Sales Growth
Hubbell Incorporated reported Q1 revenue of $1.52B, surpassing FactSet estimates. The company also saw an 11% increase in sales for the period, leading to a revised 2026 profit forecast.
Hubbell Incorporated posted strong Q1 results, with revenue reaching $1.52 billion and surpassing FactSet estimates of $1.50 billion. The company also achieved an 11% increase in sales year-over-year.
The positive financial performance prompted Hubbell to revise its 2026 profit forecast upward, citing strong demand for its products in the power-grid and electrical markets. As a result, the company increased its adjusted EPS estimated range to $19.30-$19.85, surpassing FactSet estimates of $19.71.
Investors responded positively to the news, sending Hubbell's stock price up over 2% in pre-market trading.
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