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EX - 99.1 2 exhibit991_07272021.htm EX - 99.1 HUBBELL Date : July 27 , 2021 NEWS RELEASE Hubbell Incorporated 40 Waterview Drive Shelton , CT 06484 475-882-4000 HUBBELL REPORTS SECOND QUARTER 2021 EARNINGS PER DILUTED SHARE OF $ 1.74 AND ADJUSTED EARNINGS PER DILUTED SHARE OF $ 2.36 • Q2 net sales + 26 % ( organic + 21 % ) • Q2 diluted EPS of $ 1.74 ; adjusted diluted EPS of $ 2.36 • Update FY21 reported diluted EPS to $ 7.05- $ 7.35 Exhibit 99.1 Raise FY21 adjusted diluted EPS to $ 8.50- $ 8.80 SHELTON , CT . ( July 27 , 2021 ) – Hubbell Incorporated ( NYSE : HUBB ) today reported operating results for the second quarter ended June 30 , 2021 . “ Hubbell delivered a strong quarter , with year - over - year organic growth and adjusted earnings per share growth in excess of 20 % , ” said Gerben Bakker , Chairman , President and Chief Executive Officer . Broad - based strength across Electrical and Utility end markets drove significant volume and orders growth in the second quarter . In Utility Solutions , grid modernization initiatives , renewables projects , and replacement of aging infrastructure continue to drive demand from utility customers for Utility T & D components . As anticipated , Utility communications & controls returned to growth in the quarter as deployments which were previously affected by pandemic - related project delays resumed . In Electrical Solutions , growth continued to be led by light industrial markets , while heavy industrial and non - residential markets have also begun to recover . "