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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 1,256.0 $ 1,054.3 $ 2,412.1 $ 2,010.6
Cost of goods sold 872.8 756.0 1,705.8 1,450.1
Gross profit 383.2 298.3 706.3 560.5
Selling & administrative expenses 192.6 156.1 372.8 308.4
Operating income 190.6 142.2 333.5 252.1
Interest expense, net (12.7) (12.6) (25.8) (27.8)
Loss on disposition of business 0.0 (6.8) 0.0 (6.8)
Loss on extinguishment of debt 0.0 (16.8) 0.0 (16.8)
Pension charge (4.4) 0.0 (4.4) 0.0
Other income, net 2.5 0.5 6.1 1.7
Total other expense (14.6) (35.7) (24.1) (49.7)
Income from continuing operations before income taxes 176.0 106.5 309.4 202.4
Provision for income taxes 38.9 16.9 68.5 38.1
Net income from continuing operations 137.1 89.6 240.9 164.3
Less: Net income from continuing operations attributable to noncontrolling interest (1.5) (0.8) (2.8) (2.2)
Net income from continuing operations attributable to Hubbell Incorporated 135.6 88.8 238.1 162.1
(Loss) income from discontinued operations, net of tax (Note 2) (13.6) 7.0 64.1 11.4
Net Income attributable to Hubbell Incorporated $ 122.0 $ 95.8 $ 302.2 $ 173.5
Earnings per share:        
Basic earnings per share from continuing operations (USD per share) $ 2.52 $ 1.63 $ 4.41 $ 2.97
Basic earnings per share from discontinued operations (USD per share) (0.25) 0.13 1.19 0.22
Basic earnings per share (USD per share) 2.27 1.76 5.60 3.19
Diluted earnings per share from continuing operations (USD per share) 2.51 1.62 4.39 2.95
Diluted earnings per share from discontinued operations (USD per share) (0.25) 0.12 1.18 0.21
Diluted earnings per share (USD per share) 2.26 1.74 5.57 3.16
Cash dividends per common share (USD per share) $ 1.05 $ 0.98 $ 2.10 $ 1.96