Source
Hubbell's (HUBB) decision to concentrate efforts on their Power segment, which designs, manufactures, and sells transmission and distribution (T&D) components primarily to the electrical utility industry should generate good returns on invested capital over the long term. This segment is the least cyclical within HUBB and has better barriers to entry than its Electrical segment, which manufactures and sells wiring and electrical products; components that don't have much in the way of product differentiation.
Management is estimating most of the impact caused by COVID-19 is going to be reflected within their Electrical segment. In