2024-01-30 17:34:03 ET
Hubbell Incorporated (HUBB)
Q4 2023 Earnings Conference Call
January 30, 2024, 10:00 AM ET
Company Participants
Dan Innamorato - VP of IR
Gerben Bakker - Chairman, President and CEO
Bill Sperry - EVP and CFO
Conference Call Participants
Steven Tusa - JPMorgan
Jeffrey Sprague - Vertical Research
Tommy Moll - Stephens
Nigel Coe - Wolfe Research
Julian Mitchell - Barclays
Brett Linzey - Mizuho
Joe O'Dea - Wells Fargo
Nicholas Amicucci - TD Cowen
Christopher Snyder - UBS
Scott Graham - Seaport Research Partners
Presentation
Operator
Good day, and thank you for standing by. Welcome to Hubbell's Fourth Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Dan Innamorato, Vice President of Investor Relations. Please go ahead.
Dan Innamorato
Thanks, Phoebe. Good morning, everyone, and thank you for joining us. Earlier this morning, we issued a press release announcing our results for the fourth quarter of 2023. The press release and slides are posted to the Investors section of our website at hubbell.com.
I'm joined today by our Chairman, President, and CEO, Gerben Bakker, and our Executive Vice President and CFO, Bill Sperry. Please note our comments this morning may include statements related to the expected future results of our company and are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Therefore, please note the discussion of forward-looking statements in our press release, considered incorporated by reference to this call. Additionally, comments may also include non-GAAP financial measures. Those measures are reconciled to the comparable GAAP measures and are included in the press release and slides.
Now let me turn the call over to Gerben.
Gerben Bakker
Great. Good morning, and thank you for joining us to discuss Hubbell's fourth quarter and full year 2023 results.
Hubbell delivered a strong finish to an exceptional year. For the full-year 2023, we achieved 9% sales growth, over 500 basis points of operating margin expansion, and over 40% growth in operating profit and earnings per share. These results were driven not only by our strong positions in attractive markets but also by the consistent execution of our people and maintaining industry-leading service levels for our customers while driving price and productivity across our businesses....
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Hubbell Incorporated (HUBB) Q4 2023 Earnings Call Transcript