Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Computation of Earnings Per Share

The following table sets forth the computation of earnings per share for the three and six months ended June 30, 2022 and 2021 (in millions, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income from continuing operations attributable to Hubbell Incorporated	$	135.6	$	88.8	$	238.1	$	162.1
Less: Earnings allocated to participating securities	(0.4)		(0.3)		(0.6)		(0.5)
Net income from continuing operations available to common shareholders	$	135.2	$	88.5	$	237.5	$	161.6

Net (loss) income from discontinued operations attributable to Hubbell Incorporated	$	(13.6)	$	7.0	$	64.1	$	11.4
Less: Earnings allocated to participating securities	—		—		(0.2)		—
Net (loss) income from discontinued operations available to common shareholders	$	(13.6)	$	7.0	$	63.9	$	11.4

Net income attributable to Hubbell Incorporated	$	122.0	$	95.8	$	302.2	$	173.5
Less: Earnings allocated to participating securities	(0.4)		(0.3)		(0.8)		(0.6)
Net income available to common shareholders	$	121.6	$	95.5	$	301.4	$	172.9

Denominator:
Average number of common shares outstanding	53.6		54.3		53.8		54.3
Potential dilutive common shares	0.3		0.4		0.3		0.4
Average number of diluted shares outstanding	53.9		54.7		54.1		54.7

Basic earnings per share:
Basic earnings per share from continuing operations	$	2.52	$	1.63	$	4.41	$	2.97
Basic earnings per share from discontinued operations	$	(0.25)	$	0.13	$	1.19	$	0.22
Basic earnings per share	$	2.27	$	1.76	$	5.60	$	3.19

Diluted earnings per share:
Diluted earnings per share from continuing operations	$	2.51	$	1.62	$	4.39	$	2.95
Diluted earnings per share from discontinued operations	$	(0.25)	$	0.12	$	1.18	$	0.21
Diluted earnings per share	$	2.26	$	1.74	$	5.57	$	3.16