NSI NV

Hubbell Inc reported second-quarter 2026 net sales of $1.712 billion, up 15% year-over-year, and raised its full-year guidance. Organic growth reached 10%, driven by a 6% increase in Utility Solutions and an 18% surge in Electrical Solutions, while data center sales soared approximately 65%. Adjusted earnings per share rose 12% to $5.52, and the company now expects full-year adjusted EPS of $20.25 to $20.55 on organic sales growth of 9% to 11%. The recently acquired NSI business contributed $35 million in sales for a partial month and is projected to add about $0.20 to adjusted EPS in 2026 and $0.80 in 2027. Free cash flow in the quarter declined year-over-year to $213 million, but first-half free cash flow of $259 million was up 12%, and the full-year conversion rate is expected to be approximately 90% of adjusted net income.