Hubbell Inc - Company Profile
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Business Description
Hubbell Inc (Hubbell) is a manufacturer of electrical and electronic products. The company designs, manufactures and sells its products for various applications in non-residential and residential construction, industrial, utility and energy-related markets. Hubbell divides its products in three categories, namely Front of the Meter, The Edge and Behind The Meter. The Front of the Meter product types are related to the operations where utilities transmit and distribute energy to customers. The Edge products connect utilities with owners and operators and allows data and energy transmission between each other. The Behind the Meter products relate to the use of energy by owners in critical infrastructure and other buildings.
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R&D Overview
The company conducts Research and Development (R&D) activities to improve upon the existing product line or to develop novel technologies in the electrical and utilities segment. The company also safeguards its developments through patents, trademarks, and copyrights. The company's R&D expenses are calculated as a component of the cost of goods sold. In FY2022, Hubbell's R&D investment stood at 2% of the cost of goods sold, which translates to US$99 million. The company also had 3,000 active patents issued in the U.S. and other countries.
Business Segments
Overview
Comprises of business which sells stock and custom products, including key electrical components to industrial customers and operators for efficient energy management Offers wiring device products, rough-in electrical products, connectors, grounding products, , lighting fixtures and other electrical equipment. End user industries include light industrial, non-residential, wireless communications, transportation, data centers and heavy industrial markets. In January 2021, the company the company consolidated three business groups within its Electrical segment and renamed it as Electrical Solutions.
Performance
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Overview
Consists of businesses which design, manufacture and sell electrical distribution, transmission, substation and telecommunications products. Sells products under the utility transmission and distribution categories, which includes arresters, insulators, connectors, anchors, bushings, and enclosures; and the Edge product categories, which includes smart meters, communications systems, and protection and control devices Offers products to electrical distribution, electrical transmission, water, gas distribution, telecommunications, solar and wind markets.
Performance
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Geographical Segments
Performance
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Performance
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