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First-Quarter Earnings Reports
Hubbell Inc., Orange, Conn., reported net sales in first quarter of $570.5 million, a decrease of three percent compared to the $585.6 million it reported in the first quarter of 2009. The company's operating income was $65.7 million, 15 percent above 2009.
Timothy Powers, chairman, president, and CEO, said, “The sales decline in the quarter was primarily due to weaker demand for our non-residential construction products, decreased shipments for our high-voltage test equipment and lower storm-related volume in our power business. Importantly, our incoming orders exceeded our billings for the first quarter, resulting in a $33 million increase in backlog.”
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Electrical Marketing's LiveWire brings you breaking news, on-the-fly analysis and running commentary about the electrical products marketing channel from the editors of Electrical Marketing.
Industry Calendar
June 3-6
Windpower 2012
Atlanta; American Wind Energy
Association (AWEA); 202-383-2500, www.windpowerexpo.org
July 11-12
NAED Congressional Fly-In
Washington, D.C.; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
July 19-21
NAED 2012 Lead Conference
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
August 20-22
NAED 2012 AdVenture
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
.... More events and information
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