Hubbell (HUBB) FY2017 results: revenue $3.7 billion, up 4.7% on the year
Hubbell Inc. (HUBB) reported revenue of $3.7 billion for fiscal 2017, the year ended 31 December 2017, up 4.7% on the year before. Net income was $243 million, down 17.0%, and diluted earnings per share $4.39. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$3.7 billion
+4.7% on the year
FY2010FY2017
Operating margin
14.1%
14.0% a year earlier
FY2010FY2017
Net income
$243 million
-17.0% on the year
FY2010FY2017
Diluted EPS
$4.39
-16.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,669
3,505
3,390
+4.7%
Cost of revenue
2,517
2,404
2,299
+4.7%
Gross profit
1,155
1,105
1,092
+4.5%
Gross margin
31.5%
31.5%
32.2%
Selling, general and administrative
636
615
617
+3.4%
Operating income
519
490
475
+5.9%
Operating margin
14.1%
14.0%
14.0%
Interest expense
44.9
43.4
31.0
+3.5%
Pre-tax income
443
430
419
+3.0%
Income tax
193
133
136
+45.7%
Effective tax rate
43.6%
30.8%
32.6%
Net income
243
293
277
-17.0%
Net margin
6.6%
8.4%
8.2%
Diluted EPS
$4.39
$5.24
$4.77
-16.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
379
411
339
-7.8%
Capital expenditure
79.7
67.2
77.1
+18.6%
Free cash flow
299
344
262
-12.9%
Free cash flow margin
8.2%
9.8%
7.7%
Cash from investing
-246
-230
-249
Cash from financing
-214
-59.4
-379
Depreciation and amortisation
98.2
90.9
85.2
+8.0%
Share-based compensation
22.3
22.3
17.0
0.0%
Buybacks
92.5
247
79.1
-62.5%
Dividends paid
158
144
134
+9.4%
Dividend per share
$2.87
$2.59
$2.31
+10.8%
Diluted shares, weighted
55m
56m
58m
-1.1%
Shares outstanding at period end
55m
56m
58m
-1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,634
1,593
1,741
+2.6%
Non-controlling interest
13.7
10.4
8.4
+31.7%
Short-term borrowings
n/a
3.2
n/a
Debt
1,055
990
644
+6.5%
Other liabilities
1,018
928
816
+9.6%
Total liabilities and equity
3,721
3,525
3,209
+5.5%
Fixed assets
458
440
420
+4.2%
Goodwill
1,089
991
928
+9.9%
Intangible assets
460
432
372
+6.7%
Investments
72.2
67.6
61.7
+6.8%
Trading assets
13.8
10.2
9.7
+35.3%
Cash and equivalents
375
438
344
-14.3%
Receivables
540
530
467
+1.9%
Inventory
635
532
540
+19.2%
Other assets
76.9
84.9
66.8
-9.4%
Total assets
3,721
3,525
3,209
+5.5%
10-K for the year ended 31 December 2017, filed 15 February 2019: the filing.