Reported about 15 hours ago
Hubbell has raised its 2025 adjusted profit forecast, citing robust demand for electrical equipment driven by data center expansions. The company reported a 10% increase in electrical segment sales, reaching $559 million in Q3, although grid automation product sales declined by 18%. Adjusted profit per share expectations for the year have been adjusted to between $18.10 and $18.30, up from a previous estimate of $17.65 to $18.15.
Source: YAHOO