Manufacturers

Hubbell reports second quarter results

Hubbell Incorporated (NYSE: HUBA, HUBB) of Shelton, Conn.,
reported net sales in the second quarter of 2012 of $778.4 million, an increase
of 10% compared to the $709.2 million reported in the second quarter of 2011.

Hubbell’s operating income was $124.5 million, or 16.0% of
net sales, compared to $105.1 million, or 14.8% of net sales, for the
comparable period of 2011. Net income in the second quarter of 2012 was $77.5
million versus $65.2 million reported in the second quarter of 2011.

Earnings per diluted share were $1.29 in the second quarter
of 2012 compared to $1.07 reported in the second quarter of 2011. For the first
six months of 2012, Hubbell’s net sales were $1.5 billion, an increase of 10%
compared to the same period last year.

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