Below are the financial statements of Hubbell, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 5,628.5a | 5,372.9a | 4,947.9a |
| Cost of goods sold | -3,724.4a | -3,484.8a | -3,476.3a |
| Gross profit | 1,904.1a | 1,888.1a | 1,471.6a |
| Selling & administrative expenses | -812.5a | -849.6a | -762.5a |
| Operating income | 1,091.6a | 1,038.5a | 709.1a |
| Loss on disposition of business | -5.3a | 0a | 0a |
| Pension charge | 0a | 0a | -7a |
| Interest expense, net | -73.8a | -36.7a | -49.6a |
| Other (expense) income, net | -7.2a | -18.5a | 4.5a |
| Total other expense | -86.3a | -55.2a | -52.1a |
| Income from continuing operations before income taxes | 1,005.3a | 983.3a | 657a |
| Provision for income taxes | -221.8a | -217.3a | -140.2a |
| Net income from continuing operations | 783.5a | 766a | 516.8a |
| Less: Net income from continuing operations attributable to noncontrolling interest | -5.7a | -6.2a | -5.5a |
| Net income from continuing operations attributable to Hubbell Incorporated | 777.8a | 759.8a | 511.3a |
| Income from discontinued operations, net of tax | 0a | 0a | 34.6a |
| Net income attributable to Hubbell Incorporated | 777.8a | 759.8a | 545.9a |
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