HUBBELL Business Summary

Hubbell Incorporated (HUBB) operates as a premier manufacturer of electrical and electronic products, generating revenue through the design and sale of critical infrastructure components for non-residential, industrial, and utility applications. The company’s operations are divided into two primary segments: Utility Solutions, which accounts for approximately 63% of revenue by providing grid components and smart technologies for power transmission and distribution, and Electrical Solutions, which contributes 37% through power management products for commercial and data center markets. Positioned as a mid-to-large-cap leader at the intersection of grid modernization and electrification, Hubbell competes directly with diversified industrial giants such as Eaton (ETN), AMETEK (AME), and ABB Ltd, as well as specialized firms like Acuity Brands (AYI). The company distinguishes itself through a high-margin portfolio and a dominant 11.4% market share in the U.S. wiring device manufacturing industry. Founded in 1888 by Harvey Hubbell, the company is currently led by Gerben W. Bakker, who serves as Chairman, President, and CEO, bringing over three decades of internal operational experience to the role. The executive team was recently bolstered by the appointment of Joseph A. Capozzoli as Senior Vice President and CFO on January 1, 2026, succeeding long-time executive Bill Sperry. Other key leaders include Alexis P. Bernard as Chief Technology Officer and Mark E. Mikes, who heads the Electrical Solutions segment. The board is anchored by Lead Independent Director Anthony J. Guzzi, the current CEO of EMCOR Group, reflecting a high degree of industry cross-pollination. Hubbell maintains a robust institutional investor base, with approximately 88% of shares held by major entities such as Vanguard and BlackRock, underscoring its status as a core industrial holding.