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Hubbell Inc (HUBB) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Hubbell Inc

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CIK: 15511 Ticker: HUBB

Exhibit 99.1
 image1a03.jpg        
 
 
 
 
 
 
Date:
February 4, 2020
  
NEWS RELEASE
 
 
 
 
 
 
 
 
  
Hubbell Incorporated
40 Waterview Drive
Shelton, CT 06484
475-882-4000
 

HUBBELL REPORTS 2019 FOURTH QUARTER AND
FULL YEAR RESULTS
•
Q4 diluted EPS of $1.85; adjusted diluted EPS of $1.91(1) 
◦
Includes restructuring and related investment ($0.26)
•
Q4 net sales decreased 4% (organic -3%, net M&A -1%)
•
Full Year 2019 diluted EPS of $7.31; adjusted diluted EPS of $8.12 (1) 
◦
Includes restructuring and related investment ($0.51)
•
Full Year 2019 free cash flow of $498 million (3) 
•
FY20 diluted EPS expected range of $7.50-$7.80; adjusted diluted EPS of $8.50-$8.80 (1) 
◦
Includes restructuring and related investment (~$0.40)
SHELTON, CT. (February 4, 2020) – Hubbell Incorporated (NYSE: HUBB) today reported operating results for the fourth quarter ended December 31, 2019.
"Hubbell delivered another solid quarter of operating performance," said David G. Nord, Chairman and Chief Executive Officer. "The Company essentially achieved our target to deliver $500 million of free cash flow by 2020 a year earlier than previously committed, driven by effective working capital management. We also continue to deploy this cash to attractive bolt-on acquisitions, two of which closed in December. Cantega Technologies is a provider of asset protection solutions to the power grid, an attractive market niche with strong growth and margin characteristics. Connector Products is a designer and manufacturer of electrical connectors and accessories, with high margins and a strong track record of growth, providing a strong complement to our Burndy brand."

1
The following information was filed by Hubbell Inc (HUBB) on Tuesday, February 4, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Valuation And Qualifying Accounts And Reserves
Valuation And Qualifying Accounts And Reserves (Details)
Consolidated Balance Sheet
Consolidated Balance Sheet (Parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Changes In Equity
Consolidated Statement Of Changes In Equity (Parenthetical)
Consolidated Statement Of Comprehensive Income
Consolidated Statement Of Comprehensive Income (Parenthetical)
Consolidated Statement Of Income
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Changes In Aoci (Details)
Accumulated Other Comprehensive Loss - Reclassifications (Details)
Business Acquisitions And Dispositions
Business Acquisitions And Dispositions (Tables)
Business Acquisitions And Dispositions - Narrative (Details)
Business Acquisitions And Dispositions - Schedule Of Preliminary Purchase Price Allocation To Identified Intangible Assets Acquired (Details)
Business Acquisitions And Dispositions - Summary Of Assets Acquired And Liabilities Assumed (Details)
Business Acquisitions And Dispositions - Summary Of Pro-Forma Information (Details)
Business Acquisitions And Dispositions - Summary Of The Preliminary Fair Values Of Assets Acquired And Liabilities Assumed (Details)
Business Acquisitions And Dispositions - Summary Of Transaction Costs (Details)
Capital Stock
Capital Stock (Tables)
Capital Stock - Common Stock Outstanding (Details)
Capital Stock - Reserved Common Stock (Details)
Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Other Information Related To Short-Term Debt (Details)
Debt - Summary Of Long-Term Debt (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Financial Instruments And Fair Value Measurement
Financial Instruments And Fair Value Measurement (Tables)
Financial Instruments And Fair Value Measurement - Cash Flow Hedging Relationships (Details)
Financial Instruments And Fair Value Measurement - Fair Value Hierarchy (Details)
Financial Instruments And Fair Value Measurement - Narrative (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Additional Information (Details)
Goodwill And Other Intangible Assets - Goodwill (Details)
Goodwill And Other Intangible Assets - Other Intangible Assets (Details)
Guarantees
Guarantees (Details)
Guarantees (Tables)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Income Tax Expense (Details)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Narrative (Details)
Income Taxes - Unrecognized Tax Benefits (Details)
Industry Segments And Geographic Area Information
Industry Segments And Geographic Area Information (Tables)
Industry Segments And Geographic Area Information - Geographic Area (Details)
Industry Segments And Geographic Area Information - Industry Segments Information (Details)
Industry Segments And Geographic Area Information - Narrative (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Investment (Table)
Investments
Investments - Amortized Cost Basis (Details)
Investments - Contractual Maturity (Details)
Investments - Narrative (Details)
Leases
Leases (Tables)
Leases - Amounts Recognized For Leases (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Other Accrued Liabilities
Other Accrued Liabilities (Details)
Other Accrued Liabilities (Table)
Other Non-Current Liabilities
Other Non-Current Liabilities (Details)
Other Non-Current Liabilities (Table)
Property, Plant And Equipment
Property, Plant And Equipment (Details)
Property, Plant And Equipment (Table)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Details)
Quarterly Financial Data (Unaudited) (Tables)
Receivables And Allowances
Receivables And Allowances (Details)
Receivables And Allowances (Tables)
Restructuring Costs
Restructuring Costs (Tables)
Restructuring Costs - By Segment (Details)
Restructuring Costs - Reserve (Details)
Restructuring Costs - Summary Of Costs (Details)
Retirement Benefits
Retirement Benefits (Tables)
Retirement Benefits - Accumulated Benefit Obligation In Excess Of Plan Assets (Details)
Retirement Benefits - Assumed Health Care Cost Trend Rates (Details)
Retirement Benefits - Change In Benefit Obligations And Plan Assets (Details)
Retirement Benefits - Combined Targeted And Actual Domestic And Foreign Pension Plans Weighted Average Asset Allocation (Details)
Retirement Benefits - Components Of Pension And Other Benefit Costs (Details)
Retirement Benefits - Estimated Future Benefit Payments (Details)
Retirement Benefits - Fair Value Pension Plan Assets (Details)
Retirement Benefits - Narrative (Details)
Retirement Benefits - Projected Benefit Obligation Assumptions (Details)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Narrative (Details)
Revenue - Unsatisfied Performance Obligations (Details)
Revenue Revenue
Revenue Revenue (Tables)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies - Narrative (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Fair Value Assumptions (Details)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Performance Shares Granted During The Period (Details)
Stock-Based Compensation - Restricted Stock Option Activity (Details)
Stock-Based Compensation - Stock Appreciation Rights (Details)
Stock-Based Compensation - Valuation Assumptions (Details)
Ticker: HUBB
CIK: 48898
Form Type: 10-K Annual Report
Accession Number: 0001628280-20-001557
Submitted to the SEC: Fri Feb 14 2020 8:21:47 AM EST
Accepted by the SEC: Fri Feb 14 2020
Period: Tuesday, December 31, 2019
Industry: Electronic Components And Accessories

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