Hubbell (HUBB) FY2022 results: revenue $4.9 billion, up 18.0% on the year
Hubbell Inc. (HUBB) reported revenue of $4.9 billion for fiscal 2022, the year ended 31 December 2022, up 18.0% on the year before. Net income was $546 million, up 36.6%, and diluted earnings per share $10.07. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$4.9 billion
+18.0% on the year
FY2015FY2022
Operating margin
14.3%
12.7% a year earlier
FY2015FY2022
Net income
$546 million
+36.6% on the year
FY2015FY2022
Diluted EPS
$10.07
+38.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
583
544
648
+7.2%
Capital expenditure
129
90.2
82.8
+43.3%
Free cash flow
454
454
565
+0.1%
Free cash flow margin
9.2%
10.8%
15.3%
Cash from investing
n/a
n/a
-329
Cash from financing
-437
-433
-244
Depreciation and amortisation
148
149
144
-0.4%
Share-based compensation
24.5
17.5
21.9
+40.0%
Buybacks
182
11.2
41.3
+1,525.0%
Dividends paid
n/a
n/a
201
Dividend per share
$4.27
$3.99
$3.71
+7.0%
Diluted shares, weighted
54m
55m
54m
-1.1%
Shares outstanding at period end
54m
55m
54m
-1.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,361
2,230
2,070
+5.9%
Non-controlling interest
9.7
10.9
15.4
-11.0%
Debt
1,438
1,445
1,590
-0.5%
Operating lease liabilities
84.9
58.3
71.9
+45.6%
Other liabilities
1,509
1,537
1,338
-1.8%
Total liabilities and equity
5,403
5,282
5,085
+2.3%
Fixed assets
528
460
439
+14.9%
Goodwill
1,970
1,871
1,873
+5.3%
Intangible assets
670
682
771
-1.7%
Investments
80.2
78.5
80.4
+2.2%
Trading assets
18.8
24.5
22.7
-23.3%
Cash and equivalents
440
286
259
+53.9%
Receivables
742
675
553
+9.8%
Inventory
741
662
527
+11.9%
Other assets
212
543
561
-60.9%
Total assets
5,403
5,282
5,085
+2.3%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.