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v3.26.1

Total Equity | 6 Months Ended
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Jun. 30, 2026
Stockholders' Equity Note [Abstract] |
Total Equity | Total Equity
A summary of changes in total equity for the three and six months ended June 30, 2026 and the three and six months ended June 30, 2025 is provided below (in millions, except per share amounts):
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Hubbell Shareholders' Equity | Non- controlling interest
BALANCE AT DECEMBER 31, 2025 | $ | 0.6 |  | $ | 6.4 |  | $ | 4,155.7 |  | $ | (314.8) |  | $ | 3,847.9 |  | $ | 10.0 |
Net income | — |  | — |  | 181.8 |  | — |  | 181.8 |  | 1.2 |
Other comprehensive income | — |  | — |  | — |  | 0.6 |  | 0.6 |  | — |
Stock-based compensation | — |  | 14.4 |  | — |  | — |  | 14.4 |  | — |
Acquisition/surrender of common shares(1) | — |  | (20.7) |  | (179.8) |  | — |  | (200.5) |  | — |
Cash dividends declared ($1.42 per share) | — |  | — |  | (75.5) |  | — |  | (75.5) |  | — |
Dividends to noncontrolling interest | — |  | — |  | — |  | — |  | — |  | (0.6) |
Directors deferred compensation | — |  | (0.1) |  | — |  | — |  | (0.1) |  | — |
BALANCE AT MARCH 31, 2026 | $ | 0.6 |  | $ | — |  | $ | 4,082.2 |  | $ | (314.2) |  | $ | 3,768.6 |  | $ | 10.6 |
Net income | — |  | — |  | 240.4 |  | — |  | 240.4 |  | 1.8 |
Other comprehensive income | — |  | — |  | — |  | 5.0 |  | 5.0 |  | — |
Stock-based compensation | — |  | 7.5 |  | — |  | — |  | 7.5 |  | — |
Acquisition/surrender of common shares(1) | — |  | (5.0) |  | (29.6) |  | — |  | (34.6) |  | — |
Cash dividends declared ($1.42 per share) | — |  | — |  | (75.2) |  | — |  | (75.2) |  | — |
Dividends to noncontrolling interest | — |  | — |  | — |  | — |  | — |  | (1.3) |
Directors deferred compensation | — |  | 0.2 |  | — |  | — |  | 0.2 |  | — |
BALANCE AT JUNE 30, 2026 | $ | 0.6 |  | $ | 2.7 |  | $ | 4,217.8 |  | $ | (309.2) |  | $ | 3,911.9 |  | $ | 11.1 |
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Hubbell Shareholders' Equity | Non- controlling interest
BALANCE AT DECEMBER 31, 2024 | $ | 0.6 |  | $ | 2.6 |  | $ | 3,779.5 |  | $ | (386.5) |  | $ | 3,396.2 |  | $ | 14.4 |
Net income | — |  | — |  | 163.2 |  | — |  | 163.2 |  | 1.3 |
Other comprehensive income | — |  | — |  | — |  | 19.5 |  | 19.5 |  | — |
Stock-based compensation | — |  | 14.4 |  | — |  | — |  | 14.4 |  | — |
Acquisition/surrender of common shares(1) | — |  | (15.5) |  | (122.7) |  | — |  | (138.2) |  | — |
Cash dividends declared ($1.32 per share) | — |  | — |  | (70.8) |  | — |  | (70.8) |  | — |
Dividends to noncontrolling interest | — |  | — |  | — |  | — |  | — |  | (4.9) |
Directors deferred compensation | — |  | (1.5) |  | — |  | — |  | (1.5) |  | — |
BALANCE AT MARCH 31, 2025 | $ | 0.6 |  | $ | — |  | $ | 3,749.2 |  | $ | (367.0) |  | $ | 3,382.8 |  | $ | 10.8 |
Net income | — |  | — |  | 244.2 |  | — |  | 244.2 |  | 1.3 |
Other comprehensive income | — |  | — |  | — |  | 32.3 |  | 32.3 |  | — |
Stock-based compensation | — |  | 6.3 |  | — |  | — |  | 6.3 |  | — |
Acquisition/surrender of common shares(1) | — |  | (6.5) |  | (101.2) |  | — |  | (107.7) |  | — |
Cash dividends declared ($1.32 per share) | — |  | — |  | (70.4) |  | — |  | (70.4) |  | — |
Dividends to noncontrolling interest | — |  | — |  | — |  | — |  | — |  | (1.0) |
Directors deferred compensation | — |  | 0.2 |  | — |  | — |  | 0.2 |  | — |
BALANCE AT JUNE 30, 2025 | $ | 0.6 |  | $ | — |  | $ | 3,821.8 |  | $ | (334.7) |  | $ | 3,487.7 |  | $ | 11.1 |
(1) For accounting purposes, the Company treats repurchased shares as constructively retired when acquired and accordingly charges the purchase price against common stock par value, Additional paid-in capital, to the extent available, and Retained earnings. The change in Retained earnings of $209.4 million and $223.9 million in the first six months of 2026 and 2025, respectively, reflects this accounting treatment. The detailed components of total comprehensive income are presented in the Condensed Consolidated Statements of Comprehensive Income.

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