Hubbell reports 15% Q2 sales growth, completes $3.0B NSI acquisition, raises FY guidance

Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read

Key Changes

• high

  Completed $3.0B acquisition of NSI Industries (electrical fittings, connectors, wire management), financed with $900M term loan, $1.9B senior notes, and commercial paper, significantly increasing debt levels.

  Exhibit 99.1 view on EDGAR →
• high

  Q2 adjusted EPS $5.52 (up 12% y/y) on 15% sales growth (10% organic, 5% M&A); adjusted operating margin 23.9%, down 50 bps y/y due to cost inflation, raw materials, and tariffs.

  Exhibit 99.1 view on EDGAR →
• high

  Raised FY 2026 guidance: total sales growth 16-18% (organic 9-11%), adjusted EPS $20.25-$20.55, excluding ~$2.50/share amortization and ~$0.50/share transaction/integration costs.

  Exhibit 99.1 view on EDGAR →