Hubbell Incorporated filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 28, 2026, reporting third-quarter net sales of $1,872.5 million and a significant expansion of its balance sheet following acquisition activity totaling $3,005.7 million in the nine-month period.

Key Highlights

  • Net sales of $1,872.5 million for the three months ended September 30, 2026, compared with $1,502.4 million in the same period of 2025, according to the filing.
  • Net income attributable to Hubbell Incorporated was $262.5 million for Q3 2026, versus $255.5 million in Q3 2025, as reported in the condensed consolidated statements of income.
  • Diluted earnings per share of $4.94 for the three months ended September 30, 2026, up from $4.77 in the prior-year quarter.
  • Goodwill surged to $4,368.2 million as of September 30, 2026, from $3,060.8 million at December 31, 2025, reflecting acquisitions net of cash acquired of $3,005.7 million in the nine-month period.
  • Long-term debt reached $4,506.4 million at September 30, 2026, compared with $2,036.3 million at December 31, 2025, with the company issuing $2,787.5 million of long-term debt in the nine months ended September 30, 2026.
  • 52,835,035 shares of Hubbell common stock were outstanding as of October 22, 2026, per the filing cover page.

Hubbell's Third-Quarter 2026 Results Reflect Acquisition-Driven Growth and Higher Debt

Hubbell Incorporated (NYSE:HUBB), a Connecticut-based manufacturer of electrical products headquartered at 40 Waterview Drive, Shelton, CT, reported third-quarter 2026 net sales of $1,872.5 million, up from $1,502.4 million in Q3 2025. Gross profit for the quarter was $688.2 million, compared with $544.3 million a year earlier, according to the unaudited condensed consolidated statements of income included in the filing. Operating income reached $408.7 million for the three months ended September 30, 2026, versus $330.6 million in the prior-year period.

For the nine months ended September 30, 2026, the company reported net sales of $5,101.0 million and net income attributable to Hubbell Incorporated of $684.7 million, against $4,351.9 million and $662.9 million respectively in the comparable 2025 period. Interest expense, net, rose substantially to $119.1 million for the nine-month period from $41.9 million a year earlier, a shift the balance sheet context links to the company's debt issuance of $2,787.5 million used to fund acquisition activity. Selling and administrative expenses for the nine months ended September 30, 2026 were $785.4 million, up from $641.7 million in the same period of 2025.

The balance sheet as of September 30, 2026 showed total assets of $11,898.3 million, nearly doubling from $8,228.8 million at December 31, 2025. Other intangible assets, net, grew to $3,143.4 million from $1,394.3 million over the same interval. Net cash provided by operating activities for the nine months ended September 30, 2026 was $659.0 million, while capital expenditures were $119.8 million. The company paid $225.4 million in dividends and spent $203.5 million on acquisition of common shares during the nine-month period. Cash and cash equivalents at September 30, 2026 stood at $334.5 million, down from $482.5 million at the start of the year.

What Was Disclosed

The filing disclosed Hubbell Incorporated's unaudited financial results for the three and nine months ended September 30, 2026, including income statements, a balance sheet showing materially higher goodwill and long-term debt following acquisitions, and a cash flow statement reflecting $3,005.7 million in acquisition spending funded partly by new long-term debt issuance.