Hubbell's first quarter 2026 sales grew 11% to $1.52 billion, leading to a raised full-year outlook.

Hubbell reported strong first quarter results with net sales of $1.52 billion, an 11% increase year-over-year, and GAAP diluted EPS of $3.41. Adjusted diluted EPS grew 16% to $3.93. Following the strong start to the year, the company raised its full-year 2026 guidance for both sales and earnings.

Key Highlights

• Organic sales grew a notable 8.2%, driven by double-digit growth in the Electrical Solutions segment and strong performance in Grid Infrastructure products within the Utility Solutions segment.
• Adjusted operating margin expanded by 110 basis points year-over-year to 19.8%, attributed to volume growth in high-margin businesses and effective price and productivity management.
• Hubbell raised its full-year 2026 outlook, now anticipating adjusted diluted EPS in the range of $19.30 to $19.85 and total sales growth of 8-11%.