HUBB on NYSE

Hubbell Incorporated

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

American industrial company

Hubbell Incorporated, headquartered in Shelton, Connecticut, 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 1905.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1888Founded1

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  • TickerHUBB on NYSE1
  • Industryelectronics industry1
  • HeadquartersShelton1
  • Websitewww.hubbell.com
  • Legal formcorporation1
  • Incorporated inCT5
  • Business address40 Waterview Dr, Shelton, Ct 06484-10005
  • Filer categoryLarge accelerated filer5
HubbellHQ1
Photo: Sureskrishnas, CC BY-SA 4.0, via Wikimedia Commons7

Hubbell Incorporated, headquartered in Shelton, Connecticut, 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 1905.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.3%Gross margin8
20.7%Operating margin8
15.2%Net margin8
3.8%Revenue growth, 20258
23.1%Return on equity8
0.53×Debt to equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Utility Solutions brought in 63% of the revenue Hubbell Incorporated broke down this way in fiscal 2025.

  1. Utility Solutions$3.7B863%up 2% from 2024
  2. Electrical$2.2B837%up 7% from 2024
Business segments by year
Business segments202320242025
Utility Solutions$3.3B$3.6B$3.7B
Electrical$2.1B$2.0B$2.2B

Regions

United States brought in 93% of the revenue Hubbell Incorporated broke down this way in fiscal 2025.

  1. United States$5.4B893%up 5% from 2024
  2. Outside the United States$433.3M87%down 8% from 2024
Regions by year
Regions202320242025
United States$4.9B$5.2B$5.4B
Outside the United States$450.5M$469.2M$433.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue65¢$3.8B
  • Selling, general and admin15¢$855.3M
  • Other costs2¢$94.5M
  • Income tax4¢$227.2M
  • Profit15¢$887.1M

Out of $5.8B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks22¢$225.0M
  • Kept or used elsewhere78¢$804.8M

Out of $1.0B of cash from operations.8

Financial statements

Revenue91011128$5.8B in 2025+48% since 2019
0$2.0B$4.0B$6.0B2019: $3.9B$3.9B20192020: $3.7B$3.7B2020−7%2021: $4.2B$4.2B2021+14%2022: $4.9B$4.9B2022+18%2023: $5.4B$5.4B2023+9%2024: $5.6B$5.6B2024+5%2025: $5.8B$5.8B2025+4%
Gross profit91011128$2.1B in 2025+76% since 2019
0$1.0B$2.0B$3.0B2019: $1.2B$1.2B20192020: $1.1B$1.1B2020−7%2021: $1.2B$1.2B2021+6%2022: $1.5B$1.5B2022+28%2023: $1.9B$1.9B2023+28%2024: $1.9B$1.9B2024+2%2025: $2.1B$2.1B2025+8%
Operating income91011128$1.2B in 2025+130% since 2019
0$500.0M$1.0B$1.5B2019: $526.7M$526.7M20192020: $494.5M$494.5M2020−6%2021: $532.3M$532.3M2021+8%2022: $709.1M$709.1M2022+33%2023: $1.0B$1.0B2023+45%2024: $1.1B$1.1B2024+6%2025: $1.2B$1.2B2025+11%
Net income91011128$887.1M in 2025+121% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $400.9M$400.9M20192020: $351.2M$351.2M2020−12%2021: $399.5M$399.5M2021+14%2022: $545.9M$545.9M2022+37%2023: $751.4M$751.4M2023+38%2024: $779.0M$779.0M2024+4%2025: $887.1M$887.1M2025+14%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Net sales$5.8B$5.6B$5.4B
Cost of goods sold$3.8B$3.7B$3.5B
Gross profit$2.1B$1.9B$1.9B
Selling & administrative expenses$855.3M$812.5M$849.6M
Operating income$1.2B$1.1B$1.0B
Loss on disposition of business (Note 3)-$400.0K-$5.3M$0
Interest expense, net-$64.1M-$73.8M-$36.7M
Other expense, net-$25.2M-$7.2M-$18.5M
Total other expense-$89.7M-$86.3M-$55.2M
Income before income taxes$1.1B$1.0B$972.2M
Provision for income taxes$227.2M$222.1M$214.6M
Net income$891.9M$784.7M$757.6M
Less: Net income attributable to noncontrolling interest-$4.8M-$5.7M-$6.2M
Net income attributable to Hubbell Incorporated$887.1M$779.0M$751.4M
Basic earnings per share (USD per share)$16.63$14.49$13.98
Diluted earnings per share (USD per share)$16.54$14.39$13.89

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The story

Founded by Harvey Hubbell in 1888.1

Hubbell Incorporated was founded as a proprietorship in 1888 by Harvey Hubbell II. Born in Connecticut in 1857, he was a U.S. inventor, entrepreneur, and industrialist. Hubbell's best-known inventions are the U.S. electrical plug and the pull-chain light socket. Hubbell graduated from high school and began working for companies manufacturing 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 widely used into the late 20th century.

Soon, Hubbell discovered that he had to design machinery to make its parts. One of the first was a tapping machine, as was its patent. Around 1896, with his business in machinery progressing, Hubbell's next patent was a major breakthrough in the fastener industry: the process and machinery for cold rolled screw threads which reduced the rate of material lost in production by more than 50%. He designed and built progressive blanking and forming dies, patented machinery to slot screw heads, a machine to assemble screws and small parts, devised tools to indicate speed, and patented a changeable speed screwdriver. Hubbell's idea was to provide convenience, safety, and control to an electric light with his new "pull socket" which was patented in August 1896. The same familiar device with its on/off pull chain is still in use today. Hubbell built three prototypes by hand using metal and insulated wood parts to design a product with individual wires permanently attached in the proper sequence and correct polarity, and one which could be connected or disconnected, easily and safely, to a power supply in the wall. Cartridge fuses and fuse block, lamp holders, key sockets, soon followed the same path Later, Hubbell's "separable plug" design took shape on the drawing board back in Bridgeport, and then submitted to the patent office in Washington, D.C. Additional designs based on that basic concept separable plugs in different configurations, a single flush mounted receptacle as well as new products for electrical circuits. One of the most successful and familiar today, was the duplex receptacle which is still found everywhere that electrical power is used.

In 1901, Hubbell published a 12-page catalogue that listed 63 electrical products of his company's manufacture, and four years later he incorporated his enterprise as Harvey Hubbell, Incorporated. In the same year, the company registered its trademark of "...a sphere with meridian lines and the name 'Hubbell' centered within". Hubbell's pace of new ideas and product design did not falter. In 1909, the company began constructing a four-floor factory and office building that would become the first building in New England made of reinforced concrete.

Between 1896 and 1909, he was granted 45 patents on a wide variety of electrical products company's product lines had been continuously expanded. Catalogue No. 17 was published in March 1917. The catalogue had more than 100 pages and listed more than a thousand products. In bulb sockets alone, the company manufactured 277 different types and sizes. Hubbell's toggle action light switch which incorporated a "quick make or break" feature to meet the rigid requirements of Underwriters' Laboratories (UL) was replacing the former two button type push switch. Hubbell designed a "Loxin" mechanism which fit into any standard socket and locked the bulb in place. Falling lightbulbs no longer endangered streetcar passengers, and overly thrifty commuters had to find a new source of replacement bulbs for home use. For the home, the company developed a system for lighting fixture connections called "Elexit" which allowed the homeowner to install most fixtures without hiring an electrician.

Company's first era ended when its founder Harvey Hubbell II died on December 17, 1927. He was succeeded as president of the company by his son, Harvey Hubbell III. Twenty-six years old when he succeeded his father, Harvey Hubbell III had already spent years working in the business. That early experience with electrical equipment engineering and learning the discipline of production was to stand the company in good stead in the decades to come.

Harvey Hubbell III soon showed that he had inherited his father's twin acumen for product innovation and business development. In product innovation, he devised the company's lines of Twist-Lock industrial connectors with new 2-, 3-, and 4-wire devices of various ratings, designed a whole new series of locking connectors for industrial use which he named "Hubbellock", and introduced heavy-duty, circuit-breaking devices. The company played a large part in the war effort by meeting the demand for electrical components and systems to power the nation's industries and by developing products for the special applications needed by the military. These included components for military vehicle electrical circuits, battery-charging systems for M-4 tanks, power jacks for test meters, vacuum tube sockets for radio communications, and a line of electrical and electronic connectors for aircraft. The company's years of experience in building devices reliable enough for industrial use was a valuable asset in the production of products that could perform under rugged battlefield conditions. A second plant was opened in Lexington, Kentucky, in order to meet the demand and as a safety measure since the main plant in Bridgeport was considered vulnerable to air or sea attack.

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 had been one of the first to manufacture flush toggle switches for alternating current only. The first Safety Receptacle was designed and produced as were the original "grounding only" devices which helped to set the standards for the industry. And while Hubbell was busy on land, the company found new opportunities at sea. In 1952, the ocean liner "SS United States" was launched in Newport News, Virginia. Queen of the seas for many years, the ship was completely fitted with Hubbell wiring devices designed expressly for narrow stateroom partitions and to withstand the effects of salt air. An ardent yachtsman himself, Harvey Hubbell III designed a complete family of corrosion resistant devices including both on-board and dockside equipment for the expanding pleasure boat industry. Familiar sights at marinas today, these first products were so successful that alternative designs were produced for many industrial applications where corrosive atmospheres and materials posed challenges for standard wiring devices.

Read the full text

The company's sales in new products and continuing lines increased proportionately to these successes, but more was to come as Harvey Hubbell Incorporated added diversification. Beginning in 1960, the company entered a new period of rapidly expanding growth in both sales and income. Much of the growth resulted from the company's internal product development, a longstanding Hubbell tradition, and a source that expanded under the industry leadership of Harvey Hubbell III and other Hubbell engineers. A second source of growth through acquisition, from 1960 onwards to now, Hubbell Incorporated has acquired many companies working for power, electric, lighting sectors. Hubbell Incorporated has grown to be an international manufacturer of electrical and electronic products for a broad range of non-residential and residential construction, industrial, and utility applications.

In 2010, the company moved its headquarters from Orange, Connecticut to Shelton, Connecticut.

In October 2021, Hubbell announced an agreement to sell its Commercial and Industrial Lighting business to GE Current, a Daintree company (now Current Lighting Solutions). The agreement did not include Bell, Chalmit Lighting, Killark, or Progress Lighting (which all make lighting products).

In the first quarter of 2024, Hubbell completed the sale of Progress Lighting. In 2023, Progress Lighting had revenue of $187.1 million (Hubbell Lighting had revenue of $515 million in 2022) and the sale amounted to $131 million.

In March 2024, Hubbell was named one of Ethisphere Institute's World's Most Ethical Companies of the Year for the fourth time. In 2024, 136 honourees from 20 countries and 44 industries were recognised.

From Wikipedia’s article on Hubbell Incorporated, shared under CC BY-SA 4.0.6

Leadership

Who has led Hubbell Incorporated, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (41)

Products and brands

  • electrical components

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • Hubbell (United Kingdom)
  • Burndy since 2009

From Wikidata.1

Acquisitions

  1. 2009Acquired Burndy1
  2. 1969Acquired Kerite Company1

Timeline

  1. Feb 9, 2021New chief executive Gerben Bakker becomes CEO16
  2. Feb 11, 2013New chief executive David G. Nord becomes CEO17
  3. Aug 20, 2003New chief executive Timothy H. Powers becomes CEO18
  4. 1888Founded Founded1

Recent filings

  1. Sep 17, 20264
  2. Aug 18, 20264
  3. Aug 18, 20264
  4. Aug 18, 20264
  5. Aug 13, 20264
  6. Aug 11, 2026144
  7. Jul 29, 202610-Q
  8. Jul 28, 20268-K
  9. Jul 8, 20264
  10. Jul 8, 20264
  11. Jun 9, 20268-K
  12. Jun 8, 20268-K
  13. Jun 4, 2026424B2
  14. Jun 2, 2026424B2
  15. Jun 2, 2026FWP

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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