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Hubbell Sales Up 2.1% in 1Q

Hubbell Inc. (NYSE: HUBA, HUBB), Shelton, CT, reported sales for the first quarter of $852.3 million, an increase of 2.1 percent over the same period a year ago. Profit grew 3.1 percent to $62.8 million.

"Sales growth from end markets in the quarter was complemented by our acquisition activity," said David G. Nord, chairman, president and CEO. "While performance was more consistent across end markets than it had been over the past several quarters, we continued to see commercial construction and residential markets outgrow higher margin oil and core industrial markets.

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