Filing Flows › Hubbell (HUBB) › Q1 2025
Hubbell (HUBB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Hubbell (HUBB) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), -2% from a year earlier and +2% from the quarter before. Operating margin was 16.9%, net earnings $164M (12.0% of revenue).
Hubbell, Q1 2025: revenue $1.4B (-2% year over year), operating margin 16.9%, net earnings $164M, operating cash flow $37.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +2% | -2% |
| Gross profit | $443M | -2% | +2% |
| Operating profit | $230M | -11% | +0.8% |
| Net earnings | $164M | -18% | +10% |
| Operating cash flow | $37.4M | -91% | -59% |
| Free cash flow | $11.4M | -97% | -78% |
What changed
Revenue was $1.4B in Q1 2025, down 2% year over year and up 2% from the previous quarter. Utility Solutions was the largest line at 63% of revenue. Utility Solutions lost $0.04B year over year (down 4%), 109% of the total change.
Gross margin was 32.4%, up 1.4 points from a year earlier. Operating profit was $0.23B, a 16.9% margin (up 0.5 points year over year). Operating expenses grew 3% against a revenue fall of 2%. Net earnings were $0.16B, up 10% year over year. The effective tax rate was 22.1%.
Operating cash flow was $0.04B (down 59% year over year), 23% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.19B. Capital expenditures of $0.03B left free cash flow of $0.01B.
Questions
What was Hubbell's revenue in the first quarter 2025?
Hubbell (HUBB) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), -2% from a year earlier and +2% from the quarter before.
Was Hubbell profitable in the first quarter 2025?
Operating profit was $230M (16.9% of revenue) and net earnings $164M.
Source: Hubbell 10-Q on SEC EDGAR.