-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
HUBB reported strong Q1 EPS of $3.93 (up 16% Y/Y), beating consensus of $3.86, with net sales rising 11% to $1.6B driven by robust 8.2% organic growth from accelerated data center and utility infrastructure spending. The outperformance was propelled by utility grid modernization investments and ongoing data center demand for electrical products. Management raised 2026 guidance, now expecting 8%-11% total sales growth including 6%-9% organic expansion, with adjusted EPS raised to $19.30-$19.85. Utility Solutions delivered 11% growth to $949M, led by Grid Infrastructure's robust ~18% expansion as utilities invest in transmission and substation infrastructure, while Electrical Solutions posted 12% growth to $568M from continued data center strength. Adjusted operating margins expanded 110 bps to 19.8%, with Utility Solutions margins surging 190 bps to 21.8% on volume growth and pricing initiatives, though Electrical Solutions margins compressed 30 bps to 16.4% due to cost pressures and restructuring investments.