hubbell inc -cl b (HUB/B) Key Developments
Hubbell Seeking Acquisitions
May 24 15
Hubbell Inc. (NYSE:HUB.B) is looking to add targets to the organic growth through acquisitions in some meaningful way.
Hubbell Inc. Announces Executive Appointments
May 5 15
Hubbell Inc. has named Kevin A. Poyck, Rodd R. Ruland and Darrin S. Wegman Group Presidents for its Lighting, Construction and Energy, and Commercial and Industrial businesses, respectively, effective June 1, 2015. These businesses together form Hubbell's Electrical Segment. Gary N. Amato will continue as Executive Vice President, Electrical Segment. In these roles, the Group Presidents will have full responsibility for the operational and financial performance of the businesses included in each group. Mr. Amato will provide oversight to the three Group Presidents to ensure a smooth and orderly transition, as well as facilitate strategic projects across the Electrical Segment. All four positions will report directly to Chairman, President and Chief Executive Officer, David G. Nord. Mr. Poyck will serve as Group President, Hubbell Lighting, based in Greenville, S.C. Mr. Poyck has multi-functional industry experience in product development, engineering, operations and brand management with organizations that include Maytag and Cooper Industries. He currently serves as Vice President, Commercial and Industrial Lighting. Mr. Ruland will serve as Group President, Hubbell Construction & Energy, based in Manchester, N.H. Throughout his career, Mr. Ruland has held roles of increasing responsibility across a variety of functions in the U.S. and Europe, including finance, sales, marketing, product management and business development at companies that included AMP, Tyco Electronics and FCI. Mr. Wegman will serve as Group President, Hubbell Commercial & Industrial, based in Shelton, Conn. His most recent role was Vice President and General Manager, Wiring Systems and Industrial Electrical.
Hubbell Inc. Presents at Oppenheimer 10th Annual Industrial Growth Conference, May-12-2015 02:25 PM
May 5 15
Hubbell Inc. Presents at Oppenheimer 10th Annual Industrial Growth Conference, May-12-2015 02:25 PM. Venue: Westin New York Grand Central, 212 East 42nd Street, New York, NY 10017, United States. Speakers: William R. Sperry, Chief Financial Officer and Senior Vice President.
Hubbell Inc. Presents at Electrical Products Group 2015 Conference, May-20-2015 09:00 AM
May 4 15
Hubbell Inc. Presents at Electrical Products Group 2015 Conference, May-20-2015 09:00 AM. Venue: The Resort at Longboat Key Club, Longboat Key, Florida, United States. Speakers: David G. Nord, Chairman, Chief Executive Officer, President and Member of Executive Committee.
Hubbell Incorporated Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 23 15
Hubbell Incorporated reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $809.7 million against $759.5 million a year ago. Operating income was $105.0 million against $104.8 million a year ago. Income before income taxes was $94.7 million against $96.1 million a year ago. Net income attributable to the company was $62.4 million or $1.07 per basic and diluted share against $64.2 million or $1.08 per basic and diluted share a year ago. Net cash provided by operating activities was $25.8 million against $43.4 million a year ago. Capital expenditures were $16.3 million against $12.7 million a year ago. Earnings per diluted share excluding restructuring and related costs were $1.12 against $1.08 a year ago. Net income available to common shareholders excluding restructuring and related costs was $65.2 million against $64.0 million a year ago.