HUBB - Hubbell sees double-digit adj. EPS growth through 2025
Hubbell (NYSE:HUBB) expects to deliver 2022 adj. EPS within the upper half of its previously communicated outlook ranges of $9.00 to $9.40 per share and $8.00 to $8.40, respectively. Adj. EPS is expected to be ~$1/share for the full year. The company sees 11-13% organic sales growth in 2022 with 4-6% led by volume and 7% by price. "Hubbell's leading positions in front of and behind the meter strategically align our Utility Solutions and Electrical Solutions segments around attractive long-term trends in grid modernization and electrification," chairman, president & CEO Gerben Bakker commented. Balanced capital allocation: The company expects double-digit adjusted EPS growth through 2025.
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Hubbell sees double-digit adj. EPS growth through 2025