Hubbell Inc
472.57+17.23 (+3.78%)
Oct 29, 4:00:02 PM EDT · NYSE · HUBB · USD
Key Stats
Market Cap
25.11BP/E (TTM)
29.57Basic EPS (TTM)
15.98Dividend Yield
0%Recent Filings
8-K
8-K
Hubbell completes DMC Power buy
Hubbell Incorporated closed its $825 million cash acquisition of DMC Power, a key supplier of connectors and tooling for utility substations and transmission lines, on October 1, 2025, bolstering its high-voltage infrastructure offerings. The deal, funded partly by a $600 million three-year unsecured term loan at Term SOFR plus a spread tied to credit ratings, integrates DMC's two U.S. manufacturing sites and 350 employees. Debt now demands a leverage ratio under 65%. Integration starts now.
8-K
CFO Succession Announced
Hubbell Incorporated announced on September 10, 2025, that Joseph Capozzoli will succeed William Sperry as Senior Vice President and Chief Financial Officer effective January 1, 2026, following Sperry's retirement on December 31, 2025. Capozzoli, 50, brings over a decade at Hubbell, including driving margin expansion in the Electrical Solutions segment, and his base salary rises to $550,000 with a 75% short-term incentive target. Sperry stays on as Executive Vice President into 2026 for transition support. This internal promotion signals continuity in financial leadership amid Hubbell's growth.
8-K
Baine joins Hubbell board
Hubbell Incorporated elected Edward H. Baine, 51, as an independent director on August 29, 2025, expanding the board to eleven members, ten independent. Baine, executive vice president of Utility Operations at Dominion Energy, brings over 30 years of engineering and leadership in serving four million utility customers. This bolsters Hubbell's expertise in grid modernization and electrification. His $160,000 restricted stock award underscores the strategic fit.
8-K
Hubbell acquires DMC Power
Hubbell Incorporated announced on August 12, 2025, a definitive agreement to acquire DMC Power from Golden Gate Capital for $825 million in cash, financed by cash on hand and debt, with closure expected by year-end pending HSR antitrust approval and customary conditions. This bolsters Hubbell's Utility Solutions with DMC's swage connectors for substations and transmission, targeting load growth and datacenter builds amid aging infrastructure. DMC eyes $130 million revenue and $60 million EBITDA in 2026. Deal accretes adjusted EPS in 2026, yet integration risks loom.
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