Acquisition of NSI Industries
On June 9, 2026, Hubbell acquired NSI Industries for approximately $3.0 billion net of cash acquired to strengthen its position in electrical fittings, connectors, components, and wire management products.
HUBBELL INC is expected to release its Q3 2026 10-Q filing on October 26, 2026. Last quarter: Hubbell Incorporated reported a 15.3% year-over-year net sales increase to $1,711.8 million in 2026-Q2, driven by 10.2% organic sales growth and the acquisition of NSI Industries, despite operating margin headwinds from material inflation and tariffs.
EPS Estimate
$5.59
Revenue Estimate
$1.71B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the HUBB page.
Drawn from management commentary in the Q2 2026 10-Q:
On June 9, 2026, Hubbell acquired NSI Industries for approximately $3.0 billion net of cash acquired to strengthen its position in electrical fittings, connectors, components, and wire management products.
Net sales increased 15.3% YoY in 2026-Q2 to $1,711.8 million, supported by 10.2% organic net sales growth. Organic sales in Electrical Solutions grew 18.3% led by data center and non-residential markets, while Utility Solutions organic sales rose 5.5%.
GAAP operating margin contracted by 230 basis points YoY to 20.4% in 2026-Q2 due to material cost inflation, tariff expense, and higher transaction and integration costs, partially offset by favorable pricing realization and operational productivity.
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