Hubbell (HUBB) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the latest quarter. The reported figure was higher than both the prior quarter and the same period one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the latest quarter. The reported figure was higher than both the prior quarter and the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
+8.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $1.4B | +8.8% |
| Sep 30, 2023 | $1.4B | +4.5% |
| Dec 31, 2023 | $1.3B | +10.3% |
| Mar 31, 2024 | $1.4B | +8.8% |
Revenue performance
The company reported a revenue increase compared to the same period a year earlier, with net sales rising despite a slight decline in gross profit.
Quarterly comparison
Relative to the immediately preceding quarter, revenue improved. Compared to the same quarter one year earlier, revenue was also higher, continuing a multi-quarter upward trend.
What to watch
The gross profit margin edged lower year over year, which may warrant attention in future periods.