Hubbell Inc's Business Segments
Hubbell Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Revenue Share by Reportable Segment - Q2 FY2025
- Utility Solutions63%
- Electrical37%
Revenue by Reportable Segment - Q2 FY2025
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Utility Solutions | $ 936 | 63% |
| Electrical | $ 549 | 37% |
Revenue by Product & Service Category - Q2 FY2025
- Grid Infrastructure47.1%
- Industrial21.8%
- Grid Automation16%
- Electrical Products15.2%
Revenue by Product & Service Category - Q2 FY2025
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Grid Infrastructure | $ 699 | 47.1% |
| Industrial | $ 323 | 21.8% |
| Grid Automation | $ 237 | 16% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Hubbell Inc
Hubbell Incorporated was founded as a proprietorship in 1888, and was incorporated in Connecticut in 1905. Hubbell is primarily engaged in the design, manufacture and sale of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. Products are either sourced complete, manufactured or assembled by subsidiaries in the United States, Canada, Switzerland, Puerto Rico, Mexico, the People’s Republic of China (“China”), Italy, the United Kingdom (“UK”), Brazil, Australia and Ireland. Hubbell also participates in joint ventures in Taiwan and Hong Kong, and maintains offices in Singapore, China, India, Mexico, South Korea and countries in the Middle East.
1. Electrical Segment
The Electrical segment of Hubbell Inc. consists of businesses that design, manufacture, and sell a variety of stock and custom products geared towards electrical contractors, telecommunications companies, and maintenance personnel. The product offerings in this segment cover a broad spectrum, including standard and special application devices used predominantly in industrial, commercial, and institutional facilities. Key product categories include:
- Wiring Device Products: Including but not limited to receptacles, plugs, switches, and connectors.
- Rough-In Electrical Products: Such as junction boxes and circuit breakers designed for easy installation prior to wall finishing.
- Connector and Grounding Products: Equipment essential for establishing safe and effective electrical connections.
- Lighting Fixtures and Controls: Including advanced lighting solutions for specific applications, particularly in commercial settings.
- High Voltage Test and Measurement Equipment: Devices designed for testing and ensuring the reliability of electrical installations.
- Industrial Controls: Systems tailored for various industrial applications to enhance operational efficiency.
- Communication Systems: Products designed for data transmission in both residential and commercial environments.
Additionally, Hubbell offers products designed for challenging environmental conditions, such as those found in the oil and gas and mining industries. This includes equipment that can withstand harsh chemicals and extreme temperatures.
Distribution Channels: These products are primarily sold through electrical and industrial distributors, home centers, and various online platforms, ensuring a broad reach to contractors and end-users alike.
Hubbell Electrical Systems
Hubbells Electrical System product offerings are extensive, featuring thousands of wiring and electrical products tailored for both harsh and standard environments. Specific products include:
- Cable Reels: Used for easy storage and management of electrical cables.
- Wiring Devices & Accessories: Essential tools for basic electrical installations.
- Junction Boxes: Providing safety and convenience in electrical connectivity.
- Cable Glands & Fittings: For the secure entry of cables into equipment.
- Pin & Sleeve Devices: Used for various industrial applications requiring robust connections.
- Steel & Plastic Enclosures: For housing electrical components safely.
Hubbell distributes these products under various well-known brands, including Hubbell®, Victor®, and Killark®, among others.
Lighting Products
The lighting segment specializes in manufacturing and selling a variety of lighting fixtures and controls suitable for both indoor and outdoor applications. Their offerings include:
- Specification-Grade Fixtures: Targeted at commercial markets for both new construction and retrofitting.
- LED Technology: An emphasis on energy-efficient and long-lasting lighting solutions, including a comprehensive range of LED-luminaire products.
- Emergency Lighting/Exit Signs: Ensuring safety and compliance in commercial settings.
- Decorative Fixtures: Enhancing aesthetic appeal in residential and public spaces.
Products are marketed under various brands, among them Kim Lighting®, Prescolite®, and Architectural Area Lighting®, ensuring a vast selection for customers.
Power Segment
Hubbells Power segment focuses on the design and manufacture of products vital for electrical utilities, civil construction, and telecommunications. This segment includes a variety of essential components:
- Distribution and Transmission Products: Such as arresters, insulators, and cable terminations that are pivotal for safe power distribution.
- Substation Equipment: Including programmable reclosers and sectionalizers necessary for grid management.
- Telecommunications Products: Serving communication infrastructure needs within utility operations.
Hubbells Power segment is crucial for company operations across North America and is primarily sold to electric utilities, telecommunications companies, and engineering firms.
Service Solutions
In addition to manufacturing products, Hubbell Inc. provides a range of services, including:
- Consultative Support: Assistance in application and system design to ensure optimal use of products based on geographic and context-specific needs.
- Sales Engineering Services: Directly connecting with customers to provide tailored solutions for complex projects.
- Training and Development: Offering educational resources to contractors and distributors on product application and installation.
Conclusion
Through its diversified segments—Electrical, Lighting, and Power—Hubbell Inc. delivers a comprehensive suite of products and services that meet the needs of various industries. The companys commitment to innovation ensures that it remains at the forefront of technology, particularly in emerging areas such as LED lighting and high voltage solutions, cementing its position as a key player in the electrical manufacturing sector.
