Hubbell (HUBB) Revenue — Quarter Ended Jun 30, 2024
Revenue increased for the quarter ended June 30, 2024. The growth rate versus the prior quarter was lower than the year-over-year rate.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased for the quarter ended June 30, 2024. The growth rate versus the prior quarter was lower than the year-over-year rate.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
+6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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 |
|---|---|---|
| Sep 30, 2023 | $1.4B | +4.5% |
| Dec 31, 2023 | $1.3B | +10.3% |
| Mar 31, 2024 | $1.4B | +8.8% |
| Jun 30, 2024 | $1.5B | +6.3% |
Revenue performance
Reported revenue was higher compared to both the immediately preceding quarter and the same quarter one year earlier.
Quarterly comparison
The revenue improvement over the prior quarter was a single-digit percentage, while the comparison to the same quarter last year showed a stronger single-digit increase.
What to watch
Filing context notes a decrease in cash from operations for the six-month period, partly due to lower net income and increased working capital investment.