Hubbell Inc

Hubbell Incorporated Declares a 7% Dividend Increase

Hubbell's board declared a 7% increase in the common dividend, lifting the annual rate to $6.08 per share ($1.52 quarterly) from $5.68 ($1.42 quarterly). The dividend is payable December 15, 2026 to shareholders of record on November 30, 2026. The raise is a modest capital-return signal from the utility and electrical solutions manufacturer, which reported 2025 revenues of $5.8 billion.

•2d ago

Hubbell Reports Second Quarter 2026 Results

Hubbell reported Q2 net sales of $1.71 billion, up 15% year-over-year, driven by 10% organic growth and a 5% contribution from M&A. Adjusted diluted EPS increased 12% to $5.52, while GAAP EPS was $4.52 following $1.00 per share in acquisition-related costs from the $3.0 billion purchase of NSI Industries. Management raised its full-year 2026 outlook, projecting total sales growth of 16-18% and adjusted EPS between $20.25 and $20.55, citing strong demand in grid modernization and datacenter markets.

•2mo ago

Hubbell Incorporated Completes Acquisition of NSI Industries

Hubbell Incorporated completed its acquisition of NSI Industries, a manufacturer of electrical fittings, connectors, and wire management products. The transaction was funded through a $900 million term loan and $1.9 billion in senior notes, totaling $2.8 billion in new financing. NSI brings over 15,000 products and established brands like Bridgeport and Polaris to Hubbell's portfolio.

•4mo ago

Sentinel Capital Partners Sells NSI Industries to Hubbell Incorporated for $3.0 Billion

Hubbell Incorporated has agreed to acquire NSI Industries from Sentinel Capital Partners for $3.0 billion. The deal adds a leading portfolio of branded electrical components, including Bridgeport, Polaris, and Tork, serving over 2,000 distributors in North America. At $3.0 billion, the acquisition represents approximately half of Hubbell’s $5.8 billion trailing revenue, marking a transformative expansion into high-growth infrastructure and electrification markets.

•4mo ago

Hubbell Incorporated Prices $1.9 Billion Senior Notes Offering

Hubbell Incorporated priced a $1.9 billion senior notes offering to finance its proposed acquisition of NSI Electrical Buyer, Inc. The offering consists of three tranches: $500 million of 4.650% notes due 2031, $700 million of 4.900% notes due 2033, and $700 million of 5.150% notes due 2036. Proceeds will also be used to repay existing NSI indebtedness and pay transaction costs, with any remainder for general corporate purposes. The deal is expected to close on June 8, 2026.

•4mo ago

HUBB: 8-K · debt financing

Hubbell Incorporated has entered into a $900 million unsecured term loan agreement with a syndicate of lenders led by JPMorgan Chase to finance its pending acquisition of NSI Electrical. The loans are available in a single borrowing on the closing date of the NSI Acquisition and will mature three years after the borrowing date. The financing includes a financial covenant requiring Hubbell to maintain a total indebtedness to total capitalization ratio of no more than 65% as of each fiscal quarter-end. This move solidifies the funding structure for the NSI deal, which was previously announced in May 2026, and signals strong bank support for the transaction. The agreement contains standard representations, warranties, and covenants for unsecured financings, including events of default for payment failures, covenant breaches, and changes of control. Proceeds will be used to finance the NSI Acquisition, repay existing NSI indebtedness, and pay related fees and expenses.

SEC 8-K•5mo ago

Sentinel Capital Partners to Sell NSI Industries

Hubbell Incorporated agreed to acquire NSI Industries from Sentinel Capital Partners for $3.0 billion, a move designed to transform Hubbell into a pure-play electrical platform. NSI is a category-leading manufacturer of electrical components under brands like Bridgeport, Polaris, and Tork, serving industrial and infrastructure markets with steady replacement demand. The acquisition follows the divestiture of NSI's HVAC division, positioning the combined entity with a focused portfolio of electrical power solutions.

•5mo ago

Hubbell to Acquire NSI Industries

Hubbell announced it will acquire NSI Industries for $3.0 billion in cash, a strategic addition to its Electrical Solutions portfolio. The deal is expected to close in mid-2026 and be immediately accretive to adjusted EPS and operating margins, with NSI generating an anticipated $570 million in revenue for 2026. Hubbell plans to finance the transaction with cash on hand and debt, utilizing committed bridge financing from JPMorgan Chase, Bank of America, and HSBC.

•5mo ago