 |
Lock in savings now before June 1 rate increase! |
 |
Hubbell Inc. (NYSE: HUBA, HUBB), Shelton, CT, reported sales for the fourth quarter 2011 were $740 million, up 16 percent from the prior-year period. Profit was $70 million.
Sales for the full year 2011 were $2.9 billion, up 13 percent. Profit was $267.9 million.
| We
Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
“Our incoming orders in the fourth quarter remained well above the prior year,” said Timothy H. Powers, president and CEO. “Higher demand in the utility market was driven by the continuation of increased transmission related project spending. The industrial market was strong led by our harsh and hazardous businesses. New construction spending in the U.S. non-residential market was lower but was more than offset by higher demand for renovation and relight projects, including LED related products. The residential market remained weak although we are encouraged by early signs of a modest recovery.”
Key growth areas for Hubbell were utility, oil and gas and energy efficient lighting for renovation and relighting.
Electrical segment sales in the fourth quarter of 2011 increased 14 percent to $513.6 million. The sales increase was broad-based, while price realization and acquisitions added 2 percent and 1 percent, respectively, to sales in the quarter.
Hubbell’s Power segment sales in the fourth quarter of 2011 increased 20 percent to $226.4 million. The increase was due to stronger demand for transmission related projects as well as higher international demand. In addition, price realization contributed 3 percent to sales in the quarter.
 |
 Download
the Top 40 Industrial List -FREE |
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
 Critical Profit Driversin Distribution Al Bates, Profit Planning Group, speaks frankly about the most important factors to driving profit. Watch now. iPad users: click here to view. |
 Economic Update:Behind the Moderation MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now. |
 7 Minutes With ...Bell Electrical Supply CEO Burt Schraga discusses the importance of building a strong culture in his organization. Watch now. |
More Audio and Video Features from MDM: |
Think About It: |
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article: What AmazonSupply.com Means for Independent Distributors $34.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
The State of E-Commerce and Catalogs in Distribution $44.95 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| Title | Company | Location |
|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
| Risk Manager | Border States Electric | Fargo ND |
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
| View ALL Wholesale Distribution Job Listings |
|
|
 |
|
|
|
 |
Leave a Comment