MARKET COMPOSITE
HUBB - Hubbell Inc.2:28:40 PM 4/26/2024
Price
$407.90
+ 5.63 (1.40%)
Hubbell Incorporated is an American company that designs, manufactures and sells electrical and electronic products for non-residential and residential construction, industrial and utility applications. Hubbell was founded by Harvey Hubbell as a proprietorship in 1888, and was incorporated in Connecticut in 1905. It is ranked 577 by the fortune group. The company’s reporting segments consist of the electrical segment and the Power segment. Hubbell’s manufacturing facilities are located in the United States, Canada, Switzerland, Puerto Rico, Mexico, the People's Republic of China , Italy, the United Kingdom, Brazil and Australia and maintains sales offices in Singapore, China, India, Mexico, South Korea, and countries in the Middle East. Hubbell was previously headquartered in Orange, Connecticut, and has now moved its headquarters to Shelton, Connecticut. Hubbell Inc. assisted Allied efforts during World War II by manufacturing military vehicle electrical circuits, battery-charging systems for M4 Sherman tanks, power jacks for test meters, vacuum tube sockets for radio communications, and a line of electrical and electronic connectors for aircraft. Hubbell Inc is in List of S&P 400 companies having stocks that are included in the S&P 400 stock market index, maintained by S&P Dow Jones Indices. Hubbell Incorporated was founded as a proprietorship in 1888 by Harvey Hubbell II. Born in Connecticut in 1859, he was a U.S. inventor, entrepreneur and industrialist. His best-known inventions are the U.S. electrical plug and the pull-chain light socket. He graduated from high school and began working for companies that manufactured marine engines and printing machinery. During this time, he accumulated several ideas for new inventions, and in 1888 he set out on his own, opening a small manufacturing facility in Bridgeport, Connecticut. Hubbell's first product was taken from his own patent for a paper roll holder with a toothed blade for use in stores that sold wrapping paper. This cutter stand became a tremendous success; it was a common feature of retail stores that used wrapping paper in the early 1900s and remained in wide use into the late 20th century.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1.3B-2%
Gross Profit456.2MM-6%
Cost Of Revenue889.6MM+0%
Operating Income225.6MM-18%
Operating Expenses230.6MM-
Net Income171MM-15%
G&A230.6MM+9%
Amortization19.2MM+4%
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