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Hubbell Incorporated Declares New Share Repurchase Program

1. Hubbell Board approved a $500 million share repurchase program. 2. This new program complements the existing $260 million authorization. 3. The program is set to expire in February 2028. 4. Hubbell had revenues of $5.6 billion in 2024. 5. Share buybacks typically boost shareholder value and stock prices.

Shares Buyback
+0.52%Current Return
VS
+1.06%S&P 500
$391.2102/12 04:45 PM EDTEvent Start
$393.2302/13 11:15 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks increase earnings per share, positively impacting stock value, as previously seen with similar initiatives from other companies.

How important is it?

The announcement of a significant share repurchase program is likely to influence investor perception and trading behavior.

Why Short Term?

Immediate effects from buybacks can be observed in the stock price shortly after announcement, based on historical precedents.

Related Companies

HUBB
February 12, 2025 16:30 ET  | Source: Hubbell Inc. Shelton, CT, Feb. 12, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today approved a new share repurchase authorization of up to $500 million, set to expire in February 2028. This new program is in addition to the existing share repurchase program set to expire in October 2025, under which the Company’s remaining authorization was $260 million as of December 31, 2024. About the Company Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2024 revenues of $5.6 billion, Hubbell solutions electrify economies and energize communities. The corporate headquarters is located in Shelton, CT. Contact: Dan InnamoratoHubbell Incorporated40 Waterview DriveP.O. Box 1000Shelton, CT 06484(475) 882-4000

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