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.
At the archive date, HUBBELL INC was 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
$5.78
Revenue Estimate
$1.86B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the HUBB page for retained reports.
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.
Revenue
$1.71B
+15.33% YoY
EPS (Diluted)
$4.52
-0.88% YoY
Gross Margin
35.8%
-1.4 pts YoY
Operating Income
$348.6M
+3.66% YoY
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