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Hubbell Inc. (NYSE: HUBA, HUBB), Shelton, CT, reported sales for the first quarter of $834.8 million, an increase of 3.1 percent over the same period a year ago. Profit declined 2.4 percent to $60.9 million.
"We continued to execute our restructuring and related initiatives and see traction in realized savings from prior actions," said David G. Nord, president and CEO. "We also invested, as planned, in growing our presence in target channels to market as well as adding engineering and sales capabilities."