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 The lighting market is mixed. The US Hubbell group announced its third quarter results.
Data:2018-11-04 10-09-24
A few days ago, Hubbell Incorporated announced its third quarter operating results as of September 30, 2018.


In the third quarter of 2018, net sales amounted to $1.18 billion ($8.229 billion), an increase of 24% compared with $951 million ($6.632 billion) in the third quarter of 2017. Revenue in the third quarter was $164 million (about $1.143 billion), compared with $150 million (about $1046 million) in the same period in 2017.


In the first nine months of 2018, net sales amounted to $3.34 billion (about $23.261 billion), up 21% from $2.75 billion (about $19.152 billion) in September of 2017. Operating revenue in the first nine months was $420 million (about $2.925 billion), compared with $392 million (about $2.730 billion) in the same period in 2017.


David G. Nord, chairman, president and chief executive, said, "Strong terminal market and higher prices have boosted organic sales by 5% this quarter." All major terminal markets have expanded, and we see significant advantages in core industrial and telecommunications businesses. The lighting market is still mixed.


"As expected, in terms of operating profit margins, price realizations have increased in turn, partially offsetting increases in tariffs and material costs. 301 the implementation of tariffs has brought pressure on profits. We expect this situation to continue.


Note: Hubbell Incorporated was founded in 1888, headquartered in Connecticut, USA. Its products cover several areas: WDK, Lighting Systems, Killark and Power Systems.