Shares of Hubbell (HUBB) plunged 5.07% in pre-market trading on Tuesday, following the company's fourth-quarter earnings report.
While Hubbell reported adjusted earnings of $4.10 per diluted share, beating analysts' estimates of $4.02, the company's net sales for the quarter missed expectations. Net sales came in at $1.33 billion, lower than analysts' projections of $1.41 billion.
Despite the sales miss, Hubbell's Chief Executive Gerben Bakker remained optimistic, stating, "While organic growth was below our expectations in the quarter, continued operational execution resulted in significant margin expansion and we delivered earnings per share ahead of our prior outlook range."
For the full year 2025, Hubbell forecasted sales growth in the range of 4% to 5% and adjusted earnings per share between $17.35 and $17.85, slightly lower than analysts' expectations of $17.75.
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