Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Computation of Earnings Per Share

The following table sets forth the computation of earnings per share for the three and nine months ended September 30, 2023 and 2022 (in millions, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income from continuing operations attributable to Hubbell Incorporated	$	200.1	$	150.3	$	588.8	$	388.4
Less: Earnings allocated to participating securities	(0.5)		(0.4)		(1.4)		(1.0)
Net income from continuing operations available to common shareholders	$	199.6	$	149.9	$	587.4	$	387.4

Net (loss) income from discontinued operations attributable to Hubbell Incorporated	$	—	$	(11.2)	$	—	$	52.9
Less: Earnings allocated to participating securities	—		—		—		(0.1)
Net (loss) income from discontinued operations available to common shareholders	$	—	$	(11.2)	$	—	$	52.8

Net income attributable to Hubbell Incorporated	$	200.1	$	139.1	$	588.8	$	441.3
Less: Earnings allocated to participating securities	(0.5)		(0.4)		(1.4)		(1.1)
Net income available to common shareholders	$	199.6	$	138.7	$	587.4	$	440.2

Denominator:
Average number of common shares outstanding	53.6		53.7		53.6		53.8
Potential dilutive common shares	0.4		0.3		0.4		0.3
Average number of diluted shares outstanding	54.0		54.0		54.0		54.1

Basic earnings per share:
Basic earnings per share from continuing operations	$	3.72	$	2.79	$	10.96	$	7.20
Basic (loss) earnings per share from discontinued operations	—		(0.21)		—		0.98
Basic earnings per share	$	3.72	$	2.58	$	10.96	$	8.18

Diluted earnings per share:
Diluted earnings per share from continuing operations	$	3.70	$	2.78	$	10.89	$	7.16
Diluted (loss) earnings per share from discontinued operations	—		(0.21)		—		0.98
Diluted earnings per share	$	3.70	$	2.57	$	10.89	$	8.14