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Companies · HUBB

HUBB Reported this cycle

Hubbell

Shelton, CT Founded 1888 Data Centers

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Latest analysis

Updated Jul 29, 2026

Hubbell acquires NSI Industries for $3.0B, accelerating electrical infrastructure buildout as data center demand drives 18% organic growth in Electrical Solutions

Hubbell's $3.0 billion acquisition of NSI Industries — its largest ever — closed June 9, 2026, adding electrical fittings, connectors, and wire management products directly aligned to data center and utility buildout. The Electrical Solutions segment delivered 18.3% organic growth in Q2 2026, led by data center, light industrial, and non-residential markets, confirming AI infrastructure spending is flowing through Hubbell's product portfolio at scale. Tariff-driven cost inflation offset price and volume gains, compressing Electrical Solutions adjusted operating margin by 130 basis points to 21.2%, the single most important financial drag heading into H2 2026.

Tone: bullish

Revenue

$5.8B

HUBB 10-K · FY 2025

Employees

18,000

Revenue FY2024

$5.6B

Founded

1888

Profile

HUBB 10-K Item 1 · Feb 12, 2026

Hubbell Incorporated is a Connecticut-based manufacturer of electrical and utility solutions sold under more than 75 brands worldwide. The company operates two segments — Utility Solutions and Electrical Solutions — serving utility, industrial, commercial, and data center end markets. Its products enable critical infrastructure operators to transmit, distribute, and manage electrical power across the full energy value chain.

Read filing description ↓

Hubbell Incorporated was founded as a proprietorship in 1888, and was incorporated in Connecticut in 1905. Recognized for our innovation, quality, and deep commitment to serving our customers for over 135 years, Hubbell is a world-class manufacturer of electrical and utility solutions, with more than 75 brands used around the world. We provide utility and electrical solutions that enable our customers to operate critical infrastructure reliably and efficiently, and we empower and energize communities through innovative solutions supporting energy infrastructure In Front of the Meter, on The Edge, and Behind the Meter. In Front of the Meter is where utilities transmit and distribute energy to their customers. The Edge connects utilities with owners and operators and allows energy and data to be distributed back and forth. Behind the Meter is where owners and operators of building and other critical infrastructure consume energy. Products are either sourced complete, manufactured or assembled by subsidiaries in the United States, Canada, Puerto Rico, Mexico, China, the United Kingdom, Brazil, Australia, Spain, Ireland, and the Republic of the Philippines. The Company also participates in joint ventures in Hong Kong and the Republic of the Philippines, and maintains offices in Singapore, Italy, China, India, Mexico, South Korea, Chile, and countries in the Middle East. The Company's reporting segments consist of the Utility Solutions segment and the Electrical Solutions segment.

Primary products

  • arresters
  • insulators
  • connectors
  • anchors
  • bushings
  • enclosures

Business segments

Utility Solutions Electrical Solutions

End markets

electrical distribution electrical substation electrical transmission gas distribution telecommunications utility meters & AMI grid protection and controls non-residential light industrial heavy industrial datacenter electric transmission and distribution renewables oil and gas mining residential

Geographies

United States Canada Puerto Rico Mexico China United Kingdom Brazil Australia Spain Ireland Republic of the Philippines Hong Kong Singapore Italy India South Korea Chile Middle East
“Hubbell considers product performance, reliability, quality and technological innovation to be important factors relevant to all areas of its business and considers its reputation as a manufacturer of quality products to be an important factor in its business.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Net sales increased by 3.8% or $216 million in 2025, driven by favorable price realization and higher unit volumes across both segments.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

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