The 2020 Mid-Year Economic Update_long

Hubbell: Industrial, Residential Products Offset Nonresidential Weakness

Hubbell sales increase 11 percent in the second quarter 2010.

Electrical manufacturer Hubbell Inc. (NYSE: HUBA, HUBB), Shelton, CT, reported sales in the second quarter 2010 were $646.4 million, an increase of 11 percent from the prior-year period.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.


Profit in the second quarter of 2010 was $57.6 million versus $39.4 million reported in the second quarter of 2009.

For the first six months of 2010, sales were $1.2 billion, an increase of 4 percent compared to the same period last year. Profit in the first six months of 2010 was $96.2 million, an increase of 31 percent.

The Burndy acquisition added 9 percent to sales in the quarter. Organic sales were still up slightly from the prior-year period. Increased demand for industrial and residential products offset weak demand for non-residential construction products.

Electrical segment sales in the second quarter of 2010 were $458.4 million compared to $397 million reported in the second quarter of 2009. Increased sales of industrial and residential products were offset by weaker demand in the commercial and industrial lighting markets.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By :