The latest round of financial reports from publicly traded electrical manufacturers and distributors showed improving business conditions, and generally sounded a rosy tone in their discussions of near-term expectations.

Hubbell Inc., Orange, Conn., posted better-than-expected quarterly results, helped by higher demand for industrial products, and raised its 2011 sales growth forecast. The company said it now expects 2011 sales to grow 7%-9%, up from its previous forecast of a 5%-7% growth. Hubbell said it expects the non-residential construction market to decline, but is looking for higher demand for renovation, lighting retrofits and controls to offset that decline. Second-quarter net income was $65.2 million, up from $57.6 million a year ago. Revenue rose 10% to $709.2 million.

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