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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 1,365.9 $ 1,256.0 $ 2,651.3 $ 2,412.1
Cost of goods sold 869.7 872.8 1,706.8 1,705.8
Gross profit 496.2 383.2 944.5 706.3
Selling & administrative expenses 208.4 192.6 407.9 372.8
Operating income 287.8 190.6 536.6 333.5
Interest expense, net (9.2) (12.7) (18.9) (25.8)
Pension charge (Note 13) 0.0 (4.4) 0.0 (4.4)
Other (expense) income, net (4.8) 2.5 (8.9) 6.1
Total other expense (14.0) (14.6) (27.8) (24.1)
Income from continuing operations before income taxes 273.8 176.0 508.8 309.4
Provision for income taxes 65.6 38.9 117.2 68.5
Net income from continuing operations 208.2 137.1 391.6 240.9
Less: Net income from continuing operations attributable to noncontrolling interest (1.4) (1.5) (2.9) (2.8)
Net income from continuing operations attributable to Hubbell Incorporated 206.8 135.6 388.7 238.1
(Loss) Income from discontinued operations, net of tax (Note 2) 0.0 (13.6) 0.0 64.1
Net Income attributable to Hubbell Incorporated $ 206.8 $ 122.0 $ 388.7 $ 302.2
Earnings per share:        
Basic earnings per share from continuing operations (USD per share) $ 3.85 $ 2.52 $ 7.24 $ 4.41
Basic earnings per share from discontinued operations (USD per share) 0 (0.25) 0 1.19
Basic earnings per share (USD per share) 3.85 2.27 7.24 5.60
Diluted earnings per share from continuing operations (USD per share) 3.82 2.51 7.19 4.39
Diluted earnings per share from discontinued operations (USD per share) 0 (0.25) 0 1.18
Diluted earnings per share (USD per share) 3.82 2.26 7.19 5.57
Cash dividends per common share (USD per share) $ 1.12 $ 1.05 $ 2.24 $ 2.10