Analysis of Revenues
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Revenues as Reported
Hubbell Inc., income statement, revenues
US$ in thousands
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The analysis of the annual revenue data reveals several noteworthy trends across the company’s product segments and overall net sales over the period from 2020 to 2022.
- Utility T&D Components
- This segment experienced consistent growth, increasing from 1,445,100 thousand US dollars in 2020 to 1,679,800 thousand in 2021, and further to 2,218,800 thousand in 2022. The growth rate accelerated notably in the final year, indicating strong market demand or expanded operations within this segment.
- Utility Communications and Controls
- The revenue in this category remained relatively stable, with minor fluctuations. It rose slightly from 634,300 thousand in 2020 to 654,600 thousand in 2021, but then marginally declined to 652,300 thousand in 2022. This stability suggests a mature segment with limited growth but consistent revenue generation.
- Utility Solutions
- This area showed solid growth, starting at 2,079,400 thousand in 2020, increasing to 2,334,400 thousand in 2021, and further to 2,871,100 thousand in 2022. The expansion in this segment aligns with overall growth trends seen in the utility-related product lines.
- Electrical Products
- This segment saw steady increases, climbing from 663,900 thousand in 2020 to 809,600 thousand in 2021, and reaching 902,400 thousand in 2022. The upward trajectory suggests a strengthening market presence or enhanced product offerings.
- Connection and Bonding
- Revenue exhibited continuous growth, rising from 430,200 thousand in 2020 to 525,300 thousand in 2021, and then to 608,700 thousand in 2022. The consistent increase points to expanding business activities or increased demand in this specialized segment.
- Industrial Controls
- This category displayed an increasing trend, with sales growing from 236,200 thousand in 2020 to 257,800 thousand in 2021, then significantly to 337,700 thousand in 2022. The accelerated growth in the last year indicates improving performance or market expansion.
- Retail and Builder
- Contrary to other segments, this area demonstrated a declining trend, with revenues decreasing from 272,800 thousand in 2020 to 267,000 thousand in 2021, and further down to 228,000 thousand in 2022. This decline might suggest challenges in the retail market or shifts in company focus.
- Electrical Solutions
- The segment experienced consistent revenue growth, increasing from 1,603,100 thousand in 2020 to 1,859,700 thousand in 2021, and to 2,076,800 thousand in 2022. This steady increase reflects positively on the company’s electrical solutions offerings.
- Net Sales
- Overall, net sales showed robust growth throughout the period, climbing from 3,682,500 thousand in 2020 to 4,194,100 thousand in 2021, and reaching 4,947,900 thousand in 2022. This upward trend highlights the company's expanding revenue base and successful market engagement.