Hubbell Incorporated Declares New Share Repurchase Program
Hubbell (NYSE:HUBB) announced that its Board of Directors has approved a new share repurchase program of up to $500 million, which will be effective until February 2028. This authorization is additional to the company's existing buyback program, which has a remaining capacity of $260 million as of December 31, 2024, and is set to expire in October 2025.
Hubbell (NYSE:HUBB) ha annunciato che il suo Consiglio di Amministrazione ha approvato un nuovo programma di riacquisto di azioni fino a 500 milioni di dollari, che sarà efficace fino a febbraio 2028. Questa autorizzazione si aggiunge al programma di riacquisto esistente dell'azienda, che ha una capacità residua di 260 milioni di dollari al 31 dicembre 2024, e scadrà nell'ottobre 2025.
Hubbell (NYSE:HUBB) anunció que su Junta Directiva ha aprobado un nuevo programa de recompra de acciones de hasta 500 millones de dólares, que será efectivo hasta febrero de 2028. Esta autorización es adicional al programa de recompra existente de la compañía, que tiene una capacidad restante de 260 millones de dólares hasta el 31 de diciembre de 2024, y está programado para expirar en octubre de 2025.
허벨 (NYSE:HUBB)는 이사회가 최대 5억 달러 규모의 신규 자사주 매입 프로그램을 승인했다고 발표했습니다. 이 프로그램은 2028년 2월까지 유효합니다. 이 승인 사항은 2024년 12월 31일 기준으로 2억 6천만 달러의 잔여 여력이 있는 기존 자사주 매입 프로그램에 추가됩니다. 기존 프로그램은 2025년 10월에 만료될 예정입니다.
Hubbell (NYSE:HUBB) a annoncé que son Conseil d'Administration a approuvé un nouveau programme de rachat d'actions d'un montant allant jusqu'à 500 millions de dollars, qui sera en vigueur jusqu'en février 2028. Cette autorisation s'ajoute au programme de rachat existant de l'entreprise, qui dispose d'une capacité restante de 260 millions de dollars au 31 décembre 2024 et qui doit expirer en octobre 2025.
Hubbell (NYSE:HUBB) hat bekannt gegeben, dass der Vorstand ein neues Aktienrückkaufprogramm von bis zu 500 Millionen US-Dollar genehmigt hat, das bis Februar 2028 gültig sein wird. Diese Genehmigung kommt zusätzlich zum bestehenden Rückkaufprogramm des Unternehmens, das zum 31. Dezember 2024 noch über ein verbleibendes Volumen von 260 Millionen US-Dollar verfügt und voraussichtlich im Oktober 2025 ausläuft.
- New $500 million share repurchase authorization through February 2028
- Existing program still has substantial $260 million remaining capacity
- Multiple active buyback programs demonstrate strong commitment to returning capital to shareholders
- Large capital allocation to buybacks might limit funds available for other strategic initiatives
Insights
This substantial share repurchase authorization reflects several key strategic elements that deserve investor attention. The $500 million new program, combined with the existing $260 million authorization, provides Hubbell with significant flexibility in capital deployment through 2028.
The extended timeline of the new program is particularly noteworthy, as it indicates management's long-term confidence in the company's cash generation capabilities. Industrial companies typically maintain conservative capital allocation policies, making this sizeable authorization a strong statement about Hubbell's financial health and future prospects.
The timing of this announcement is strategic, coming when many industrial companies are facing questions about growth sustainability. By implementing this program now, Hubbell demonstrates both financial strength and a commitment to shareholder returns. The multi-year authorization provides management with the flexibility to opportunistically repurchase shares, potentially taking advantage of market volatility while maintaining a disciplined approach to capital deployment.
From a financial metrics perspective, this program could drive meaningful EPS accretion through share count reduction, while still leaving room for strategic investments and maintaining the company's traditionally strong balance sheet. The extended duration until 2028 suggests a measured approach to share repurchases, allowing management to balance buybacks with other capital allocation priorities such as organic growth investments and potential M&A opportunities.
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
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
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
Contact:
Dan Innamorato
Hubbell Incorporated
40 Waterview Drive
P.O. Box 1000
Shelton, CT 06484
(475) 882-4000
FAQ
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