Hubbell Sales Increase 6% in 2014

Fourth quarter sales increase 5 percent.

Hubbell Inc. (NYSE: HUBA, HUBB), Shelton, CT, reported full year sales of $3.4 billion for 2014, an increase of 6 percent from 2013. Profit was $325.3 million, a decrease of 0.4 percent.

Sales for the fourth quarter were $848.8 million, an increase of 5 percent compared to the same period a year ago. Profit decreased less than 1 percent to $81.3 million.

David G. Nord, president and CEO, said Hubbell already has completed three acquisitions in 2015 – two additions to the electrical segment and one to the power segment.

"These acquisitions in aggregate are expected to add approximately $100 million in annual sales," Nord said.

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