Hubbell Incorporated (NYSE:HUBB) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET

Company Participants

Dan Innamorato - Vice President of Investor Relations
Gerben Bakker - President and CEO
Bill Sperry - EVP and CFO

Conference Call Participants

Jeffrey Sprague - Vertical Research Partners
Stephen Tusa - JPMorgan
Nigel Coe - Wolfe Research
Julian Mitchell - Barclays
Brett Linzey - Mizuho
Joe O'Dea - Wells Fargo
Christopher Glynn - Oppenheimer
Scott Graham - Seaport Research Partners
Nicole DeBlase - Deutsche Bank Securities

Operator

Good day, and thank you for standing by. Welcome to the Hubbell Incorporated Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Dan Innamorato, Vice President, Investor Relations. Please go ahead.

Dan Innamorato

Thanks, Shannon. Good morning, everyone, and thank you for joining us. Earlier this morning, we issued a press release announcing our results for the second quarter of 2024. The press release and slides are posted to the Investors section of our website at hubbell.com.

Joined today by our Chairman, President and CEO, Gerben Bakker; and our Executive Vice President and CFO, Bill Sperry. Please note our comments this morning may include statements related to the expected future results of our company and are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995.

Please note the discussion of forward-looking statements in our press release and considered incorporated by reference to this call. Additionally, comments may also include non-GAAP financial measures. Those measures are reconciled to the comparable GAAP measures and are included in the press release and slides.

Now let me turn the call over to Gerben.

Gerben Bakker

Great. Thanks, Dan. Good morning, everyone, and thank you for joining us to discuss Hubbell's second quarter 2024 results. Hubbell delivered strong operating performance in the quarter, generating 8% year-over-year adjusted operating profit growth and 40 basis points of adjusted operating margin expansion along with 7% year-over-year growth in adjusted earnings per share and free cash flow. Given our first half performance and continued visibility into the second half, we are raising our 2024 outlook this morning and are confident in our ability to deliver double-digit adjusted operating profit growth on a full-year basis.