Earnings Per Share

12 Months Ended

Dec. 31, 2025

The Company computes earnings per share using the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends.

The following table sets forth the computation of earnings per share for the three years ended December 31 (in millions, except per share amounts):


	2025		2024		2023
Numerator:
Net income attributable to Hubbell Incorporated	$	887.1	$	779.0	$	751.4
Less: Earnings allocated to participating securities	(1.5)		(1.5)		(1.8)
Net income available to common shareholders	$	885.6	$	777.5	$	749.6

Denominator:
Average number of common shares outstanding	53.2		53.7		53.6
Potential dilutive common shares	0.3		0.3		0.4
Average number of diluted shares outstanding	53.5		54.0		54.0

Earnings per share:
Basic earnings per share	$	16.63	$	14.49	$	13.98
Diluted earnings per share	$	16.54	$	14.39	$	13.89

The Company did not have any material anti-dilutive securities in 2025, 2024 or 2023.