Hubbell Incorporated reported second quarter 2026 results on July 28, 2026, with diluted EPS of $4.52 and adjusted diluted EPS of $5.52, representing 12% year-over-year growth. Net sales increased 15% to $1,711.8 million, driven by 10% organic growth and 5% from acquisitions. The company completed the acquisition of NSI Industries for approximately $3.0 billion, funded by a $900 million unsecured term loan, $1.9 billion in senior notes, and commercial paper issuances. Hubbell raised its full-year 2026 adjusted diluted EPS guidance to a range of $20.25-$20.55, up from previous expectations, citing strong demand in grid modernization and datacenter investment markets. Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently.

Hubbell Incorporated completed the acquisition of NSI Industries for $3.0 billion in cash. The transaction was funded through a combination of a $900 million unsecured term loan facility, $1.9 billion in senior notes, and commercial paper issuances. NSI Industries provides electrical fittings, connectors, components, and wire management products for industrial, infrastructure, and commercial markets. Hubbell operates in the electrical products industry.

Hubbell Incorporated entered into an underwriting agreement to issue $1.9 billion in aggregate principal amount of senior notes across three series (4.650% due 2031, 4.900% due 2033, and 5.150% due 2036) to fund the acquisition of NSI Industries and repay debt. The net proceeds from the offering are expected to be approximately $1,869.6 million.

Hubbell Incorporated entered into a Term Loan Agreement to secure up to $900 million in unsecured financing to fund the acquisition of NSI Electrical Buyer, Inc. and repay certain existing NSI debt. The facility will be available in a single borrowing upon the closing of the acquisition and includes a financial covenant limiting the ratio of total indebtedness to total capitalization to 65%.

Hubbell Incorporated has entered into a definitive agreement to acquire NSI Industries for an aggregate cash purchase price of $3.0 billion. The company intends to finance the acquisition through a combination of cash-on-hand and debt, supported by a $2.8 billion senior unsecured bridge loan commitment from a syndicate of banks.