Hubbell (HUBB) Revenue — Quarter Ended Sep 30, 2024
Hubbell reported higher revenue for the September quarter compared with both the prior quarter and the same period a year ago. On a sequential basis, revenue declined from the June quarter, but the year-over-year gain was positive.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Hubbell reported higher revenue for the September quarter compared with both the prior quarter and the same period a year ago. On a sequential basis, revenue declined from the June quarter, but the year-over-year gain was positive.
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
-0.7%
Change from the immediately preceding quarter.
Year-over-year
+4.9%
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 |
|---|---|---|
| Dec 31, 2023 | $1.3B | +10.3% |
| Mar 31, 2024 | $1.4B | +8.8% |
| Jun 30, 2024 | $1.5B | +6.3% |
| Sep 30, 2024 | $1.4B | +4.9% |
Revenue performance
Revenue for the current quarter rose compared with the same quarter last year, driven by higher net sales as shown in the income statement. The quarter-over-quarter decrease in net sales was modest.
Quarterly comparison
Compared with the immediately preceding June quarter, revenue decreased slightly, and compared with the same quarter one year earlier, revenue increased. The trailing twelve-month revenue stood higher than the current quarter's annualized level.
What to watch
The sequential revenue decline from the June quarter warrants attention given the year-ago growth trend.