Hubbell (HUBB) Q4 FY24 earnings call

Hubbell delivered strong operational performance and significant margin expansion in Q4 FY24, driven by effective price/cost management and strategic capital deployment, notably the Systems Control acquisition. These efforts largely offset sales headwinds from customer destocking in utility distribution and weakness in Telecom markets. The company anticipates a positive inflection in 2025 as these temporary headwinds fade, supported by secular growth trends in electrification and data centers, aligning with its long-term financial framework.