Hubbell (HUBB) FY2024 results: revenue $5.6 billion, up 4.8% on the year
Hubbell Inc. (HUBB) reported revenue of $5.6 billion for fiscal 2024, the year ended 31 December 2024, up 4.8% on the year before. Net income was $778 million, up 3.5%, and diluted earnings per share $14.37. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$5.6 billion
+4.8% on the year
FY2017FY2024
Operating margin
19.4%
19.1% a year earlier
FY2017FY2024
Net income
$778 million
+3.5% on the year
FY2017FY2024
Diluted EPS
$14.37
+3.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
991
881
583
+12.5%
Capital expenditure
180
166
129
+8.9%
Free cash flow
811
715
454
+13.4%
Free cash flow margin
14.4%
13.3%
9.2%
Cash from investing
-59.1
-1,380
n/a
Cash from financing
-923
388
-437
Depreciation and amortisation
212
150
148
+41.7%
Share-based compensation
30.6
26.5
24.5
+15.5%
Buybacks
40.0
30.0
182
+33.3%
Dividend per share
$4.98
$4.58
$4.27
+8.7%
Diluted shares, weighted
54m
54m
54m
0.0%
Shares outstanding at period end
54m
54m
54m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,396
2,877
2,361
+18.0%
Non-controlling interest
14.4
12.3
9.7
+17.1%
Debt
1,568
2,141
1,438
-26.7%
Operating lease liabilities
117
119
84.9
-1.3%
Other liabilities
1,752
1,932
1,509
-9.4%
Total liabilities and equity
6,848
7,081
5,403
-3.3%
Fixed assets
727
653
528
+11.3%
Goodwill
2,501
2,533
1,970
-1.3%
Intangible assets
1,080
1,196
670
-9.7%
Investments
101
88.4
80.2
+14.0%
Trading assets
28.1
23.4
18.8
+20.1%
Cash and equivalents
329
336
440
-2.1%
Receivables
756
785
742
-3.7%
Inventory
1,010
833
741
+21.3%
Other assets
316
633
212
-50.1%
Total assets
6,848
7,081
5,403
-3.3%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.