10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2013
	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______

Commission File Number 1-2958

HUBBELL INCORPORATED

(Exact name of registrant as specified in its charter)

STATE OF CONNECTICUT	06-0397030
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer identification No.)
40 Waterview Drive, Shelton, CT	06484
(Address of principal executive offices)	(Zip Code)
(475) 882-4000
(Registrant's telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark					Yes	No
•  whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
•  whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
•  whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer		Accelerated filer		Non-accelerated filer   (Do not check if a smaller reporting company)	Smaller reporting company
•  whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

The number of shares outstanding of the Class A Common Stock and Class B Common Stock as of April 15, 2013 were 7,167,506 and 52,188,953, respectively.

Index

PART I   FINANCIAL INFORMATION 3

ITEM 1   Financial Statements 3

  Condensed Consolidated Statement of Income (unaudited) 3

  Condensed Consolidated Statement of Comprehensive Income (unaudited) 4

  Condensed Consolidated Balance Sheet (unaudited) 5

  Condensed Consolidated Statement of Cash Flows (unaudited) 6

  Notes to Condensed Consolidated Financial Statements (unaudited) 7

ITEM 2   Management’s Discussion and Analysis of Financial Condition and Results of Operations 14

ITEM 3   Quantitative and Qualitative Disclosures About Market Risk 19

ITEM 4   Controls and Procedures 19

PART II   OTHER INFORMATION 20

ITEM 1A   Risk Factors 20

ITEM 2   Unregistered Sales of Equity Securities and Use of Proceeds 20

ITEM 6   Exhibits 21

PART I  

FINANCIAL INFORMATION

ITEM 1  

Financial Statements

Condensed Consolidated Statement of Income (unaudited)

	Three Months Ended March 31
(in millions, except per share amounts)	2013				2012
Net Sales	$	740.1		$		723.8
Cost of goods sold		503.8				489.7
Gross Profit		236.3				234.1
Selling & administrative expenses		138.6				132.4
Operating income		97.7				101.7
Interest expense, net		(7.3	)			(7.2	)
Other income, net		0.8				0.1
Total other expense		(6.5	)			(7.1	)
Income before income taxes		91.2				94.6
Provision for income taxes		24.4				31.0
Net income		66.8				63.6
Less: Net income attributable to noncontrolling interest		0.9				0.4
Net income attributable to Hubbell	$	65.9		$		63.2
Earnings per share
Basic	$	1.11		$		1.06
Diluted	$	1.10		$		1.05
Cash dividends per common share	$	0.45		$		0.41

HUBBELL INCORPORATED - Form 10 Q - 3

Condensed Consolidated Statement of Comprehensive Income (unaudited)

	Three Months Ended March 31
(in millions)	2013				2012
Net income	$	66.8		$		63.6
Other comprehensive (loss) income:
Foreign currency translation adjustments		(8.5	)			12.5
Amortization of pension and post retirement benefit plans prior service costs and net actuarial losses, net of taxes of $1.2 and $1.5		2.2				2.7
Unrealized loss on investments, net of taxes of $0.0 and ($0.1)		-				(0.2	)
Unrealized gain (loss) on cash flow hedges, net of taxes of $0.2 and ($0.1)		0.4				(0.3	)
Other comprehensive (loss) income		(5.9	)			14.7
Total comprehensive income		60.9				78.3
Less: Comprehensive income attributable to noncontrolling interest		0.9				0.4
Comprehensive income attributable to Hubbell	$	60.0		$		77.9

HUBBELL INCORPORATED - Form 10 Q - 4

Condensed Consolidated Balance Sheet (unaudited)

(in millions)	March 31, 2013			December 31, 2012
ASSETS
Current Assets
Cash and cash equivalents	$	606.2	$		645.0
Short-term investments		10.1			8.8
Accounts receivable, net		443.6			405.2
Inventories, net		350.6			341.7
Deferred taxes and other		60.0			55.5
Total Current Assets		1,470.5			1,456.2
Property, Plant, and Equipment, net		364.5			364.7
Other Assets
Investments		41.4			36.7
Goodwill		772.4			755.5
Intangible assets, net		294.0			288.1
Other long-term assets		44.9			45.8
TOTAL ASSETS	$	2,987.7	$		2,947.0
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$	235.6	$		213.1
Accrued salaries, wages and employee benefits		51.0			75.4
Accrued insurance		43.4			39.6
Other accrued liabilities		114.6			119.3
Total Current Liabilities		444.6			447.4
Long-Term Debt		596.8			596.7
Other Non-Current Liabilities		242.3			235.0
TOTAL LIABILITIES		1,283.7			1,279.1
Total Hubbell Shareholders' Equity		1,696.8			1,661.2
Noncontrolling interest		7.2			6.7
Total Equity		1,704.0			1,667.9
TOTAL LIABILITIES AND EQUITY	$	2,987.7	$		2,947.0

HUBBELL INCORPORATED - Form 10 Q - 5

Condensed Consolidated Statement of Cash Flows (unaudited)

	Three Months Ended March 31
(in millions)	2013					2012
Cash Flows from Operating Activities
Net income	$	66.8			$		63.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		17.2					16.2
Deferred income taxes		4.3					5.4
Stock-based compensation		3.0					2.8
Tax benefit on stock-based awards		(4.4	)				(8.6	)
Changes in assets and liabilities:
Increase in accounts receivable, net		(33.5	)				(21.2	)
Increase in inventories, net		(7.0	)				(15.4	)
Decrease in current liabilities		(7.4	)				(2.0	)
Changes in other assets and liabilities, net		4.8					6.4
Contribution to defined benefit pension plans		(0.7	)				(0.6	)
Other, net		(0.4	)				(1.5	)
Net cash provided by operating activities		42.7					45.1
Cash Flows from Investing Activities
Capital expenditures		(13.0	)				(11.4	)
Acquisition of businesses, net of cash acquired		(37.5	)				(10.9	)
Purchases of available-for-sale investments		(7.3	)				(2.4	)
Proceeds from available-for-sale investments		1.8					2.9
Other, net		0.2					5.5
Net cash used in investing activities		(55.8		)			(16.3	)
Cash Flows from Financing Activities
Short-term debt repayments, net		-					(2.6	)
Payment of dividends		(26.7	)				(22.4	)
Payment of dividends to noncontrolling interest		(0.4	)				(0.4	)
Repurchase of common shares		-					(42.1	)
Proceeds from exercise of stock options		0.8					18.3
Tax benefit on stock-based awards		4.4					8.6
Other, net		0.2					-
Net cash used in financing activities		(21.7	)				(40.6	)
Effect of foreign currency exchange rate changes on cash and cash equivalents		(4.0	)				4.6
Decrease in cash and cash equivalents		(38.8	)				(7.2	)
Cash and cash equivalents
Beginning of period		645.0					569.6
End of period	$	606.2			$		562.4

HUBBELL INCORPORATED - Form 10 Q - 6

Notes to Condensed Consolidated Financial Statements (unaudited)

Note 1  

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of Hubbell Incorporated (“Hubbell”, the “Company”, “registrant”, “we”, “our” or “us”, which references shall include its divisions and subsidiaries) have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S.”) for complete financial statements. In the opinion of management, all adjustments consisting only of normal recurring adjustments considered necessary for a fair statement of the results of the periods presented have been included. Operating results for the three months ended March 31, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.

The balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the U.S. for complete financial statements.

For further information, refer to the consolidated financial statements and footnotes thereto included in the Hubbell Incorporated Annual Report on Form 10-K for the year ended December 31, 2012.

Recent Accounting Pronouncements

In December 2011, the FASB amended the disclosure requirements regarding offsetting assets and liabilities of derivatives, sale and repurchase agreements, reverse sale and repurchase agreements and securities borrowing and securities lending arrangements. The enhanced disclosures will require entities to provide both gross and net information for these assets and liabilities. This amendment was adopted by the Company effective January 1, 2013 and did not have a material impact on its financial statements.

In July 2012, the FASB amended its guidance related to testing indefinite-lived intangible assets other than goodwill for impairment. An entity has the option of performing a qualitative assessment before calculating the fair value of the asset. If the entity determines, on the basis of certain qualitative factors, that it is more likely than not that the asset is not impaired, the entity would not need to calculate the fair value of the asset. The Company performs the annual indefinite-lived intangible impairment analysis during the fourth quarter of the year and the adoption of the standard effective January 1, 2013 did not have an impact on the Company’s financial statements.

In February 2013, the FASB amended the disclosure requirements regarding the reporting of amounts reclassified out of accumulated other comprehensive income. The amendment does not change the current requirement for reporting net income or other comprehensive income, but requires additional disclosures about significant amounts reclassified out of accumulated other comprehensive income including the effect of the reclassification on the related net income line items. This amendment was adopted prospectively by the Company effective January 1, 2013. See also Note 8 - Accumulated Other Comprehensive Loss.

In March 2013, the FASB amended guidance related to a parent company’s accounting for the release of the cumulative translation adjustment into net income upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance is effective for fiscal periods beginning after December 15, 2013, and is to be applied prospectively to derecognition events occurring after the effective date. The Company does not anticipate the adoption of this amendment will have a material impact on its financial statements.

Note 2  

Business Acquisitions

During the first quarter of 2013, the Company completed the acquisition of the majority of the net assets of Continental Industries, Inc. (“Continental”) for $37.5 million, net of cash received. Continental produces high quality exothermic welding and connector products. This acquisition has been added to the Electrical segment and has resulted in the recognition of intangible assets of $10.9 million and goodwill of $19.3 million. The $10.9 million of intangible assets consists primarily of customer relationships and tradenames that will be amortized over a weighted average period of approximately 20 years. The goodwill relates to a number of factors built into the purchase price, including the future earnings and cash flow potential of the businesses as well as the complementary strategic fit and resulting synergies it brings to the Company's existing operations. All of the goodwill is expected to be deductible for tax purposes.

The Condensed Consolidated Financial Statements include the results of operations of Continental from the date of acquisition. Net sales and earnings related to this acquisition for the three months ended March 31, 2013 were not significant to the consolidated results. Pro forma information related to this acquisition has not been included because the impact to the Company’s consolidated results of operations was not material.

HUBBELL INCORPORATED - Form 10 Q - 7

Note 3  

Segment Information

The Company’s reporting segments consist of the Electrical segment and the Power segment. The following table sets forth financial information by business segment (in millions):

	Net Sales							Operating Income							Operating Income as a % of Net Sales
	2013			2012			2013				2012			2013				2012
Three Months Ended March 31,
Electrical	$	515.3	$		505.1	$			61.6	$		63.8	12.0			%	12.6		%
Power		224.8			218.7				36.1			37.9	16.1			%	17.3		%
TOTAL	$	740.1	$		723.8	$			97.7	$		101.7	13.2			%	14.1		%

Note 4  

Inventories, net

Inventories, net are comprised of the following (in millions):

	March 31, 2013				December 31, 2012
Raw material	$	119.5		$		118.4
Work-in-process		82.6				81.8
Finished goods		233.5				226.5
		435.6				426.7
Excess of FIFO over LIFO cost basis		(85.0	)			(85.0	)
TOTAL	$	350.6		$		341.7

Note 5  

Goodwill and Intangible Assets, net

Changes in the carrying values of goodwill for the three months ended March 31, 2013, by segment, were as follows (in millions):

	Segment
	Electrical			Power			Total
BALANCE DECEMBER 31, 2012	$	474.6		$	280.9	$	755.5
Acquisitions		19.3			-		19.3
Translation adjustments		(2.7	)		0.3		(2.4	)
BALANCE MARCH 31, 2013	$	491.2		$	281.2	$	772.4

In 2013, the Company completed the acquisition of Continental for $37.5 million, net of cash received. This acquisition has been accounted for as a business combination and has resulted in the recognition of $19.3 million of goodwill. See also Note 2 – Business Acquisitions.

The carrying value of other intangible assets included in Intangible assets, net in the Condensed Consolidated Balance Sheet is as follows (in millions):

	March 31, 2013						December 31, 2012
	Gross Amount		Accumulated Amortization			Gross Amount			Accumulated Amortization
Definite-lived:
Patents, tradenames and trademarks	$	106.7	$	(24.2	)	$		102.8	$	(23.0	)
Customer/Agent relationships and other		219.3		(64.1	)			212.7		(60.8	)
TOTAL		326.0		(88.3	)			315.5		(83.8	)
Indefinite-lived:
Tradenames and other		56.3		-				56.4		-
TOTAL	$	382.3	$	(88.3	)	$		371.9	$	(83.8	)

Amortization expense associated with these definite-lived intangible assets was $4.9 million and $4.2 million for the three months ended March 31, 2013 and 2012. Future amortization expense associated with these intangible assets is expected to be $14.4 million for the remainder of 2013, $18.6 million in 2014, $17.0 million in 2015, $16.4 million in 2016, $15.0 million in 2017 and $13.6 million in 2018.

HUBBELL INCORPORATED - Form 10 Q - 8

Note 6  

Other Accrued Liabilities

Other accrued liabilities are comprised of the following, (in millions):

	March 31, 2013		December 31, 2012
Customer program incentives	$	18.3	$	34.7
Accrued income taxes		17.4		14.1
Deferred revenue		17.2		16.4
Other		61.7		54.1
TOTAL	$	114.6	$	119.3

Note 7  

Total Equity

Total equity is comprised of the following (in millions, except per share amounts):

	March 31, 2013			December 31, 2012
Common stock, $.01 par value:
Class A - authorized 50.0 shares; issued and outstanding 7.2 and 7.2 shares	$	0.1		$	0.1
Class B - authorized 150.0 shares; issued and outstanding 52.2 and 52.1 shares		0.5			0.5
Additional paid-in-capital		66.3			64.0
Retained earnings		1,754.9			1,715.7
Accumulated other comprehensive loss:
Pension and post retirement benefit plan adjustment, net of tax		(127.9	)		(130.1	)
Cumulative translation adjustment		2.3			10.8
Unrealized gain on investment, net of tax		0.7			0.7
Cash flow hedge loss, net of tax		(0.1	)		(0.5	)
Total Accumulated other comprehensive loss		(125.0	)		(119.1	)
Hubbell shareholders' equity		1,696.8			1,661.2
Noncontrolling interest		7.2			6.7
TOTAL EQUITY	$	1,704.0		$	1,667.9

A summary of the changes in equity for the three months ended March 31, 2013 and 2012 is provided below (in millions):

	Three Months Ended March 31,
	2013													2012
	Hubbell Shareholders' Equity				Noncontrolling interest				Total Equity				Hubbell Shareholders' Equity					Noncontrolling interest				Total Equity
EQUITY, JANUARY 1,	$	1,661.2		$		6.7		$		1,667.9		$			1,467.8		$		5.7		$		1,473.5
Total comprehensive income		60.0				0.9				60.9					77.9				0.4				78.3
Stock-based compensation		2.8				-				2.8					2.8				-				2.8
Exercise of stock options		0.8				-				0.8					18.3				-				18.3
Income tax windfall from stock-based awards, net		4.4				-				4.4					8.6				-				8.6
Repurchase/surrender of common shares		(5.8	)			-				(5.8	)				(49.8	)			-				(49.8	)
Issuance of shares related to directors' deferred compensation		0.1				-				0.1					0.2				-				0.2
Dividends to noncontrolling interest						(0.4	)			(0.4	)				-				(0.4	)			(0.4	)
Cash dividends declared		(26.7	)			-				(26.7	)				(24.4)				-				(24.4	)
EQUITY, MARCH 31,	$	1,696.8		$		7.2		$		1,704.0		$			1,501.4		$		5.7		$		1,507.1

The detailed components of total comprehensive income are presented in the Condensed Consolidated Statement of Comprehensive Income.

HUBBELL INCORPORATED - Form 10 Q - 9

Note 8  

Accumulated Other Comprehensive Loss

A summary of the changes in Accumulated other comprehensive loss (net of tax) for the three months ended March 31, 2013 is provided below (in millions):

(Debit) credit	Cash flow hedge gain (loss)			Unrealized gain on available-for-sale securities		Pension and post retirement benefit plan adjustment			Cumulative translation adjustment				Total
BALANCE AT DECEMBER 31, 2012	$	(0.5	)	$	0.7	$	(130.1	)	$	10.8		$		(119.1	)
Other comprehensive (loss) income before reclassifications		0.5			-		-			(8.5	)			(8.0)
Amounts reclassified from accumulated other comprehensive loss		(0.1	)		-		2.2			-				2.1
Current period other comprehensive (loss) income		0.4			-		2.2			(8.5	)			(5.9	)
BALANCE AT MARCH 31, 2013	$	(0.1	)	$	0.7	$	(127.9	)	$	2.3		$		(125.0	)

A summary of the reclassifications out of Accumulated other comprehensive loss for the three months ended March 31, 2013 is provided below (in millions):

Details about Accumulated Other Comprehensive Loss Components	Gain (loss) Reclassified			Location of Gain (loss) Reclassified into Income
Cash flow hedges gain (loss):
Forward exchange contracts	$	0.1		Cost of goods sold
		0.1		Total before tax
		-		Tax (expense) benefit
	$	0.1		Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
Prior-service costs	$	0.2	(a)
Actuarial gains/(losses)		(3.6	)(a)
		(3.4	)	Total before tax
		1.2		Tax benefit (expense)
	$	(2.2	)	(Loss) gain net of tax
Losses reclassified into earnings	$	(2.1	)	(Loss) gain net of tax
(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 10 - Pension and Other Benefits for additional details).

Note 9  

Earnings Per Share

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 months ended March 31, 2013 and 2012 (in millions, except per share amounts):

	Three Months Ended March 31
	2013			2012
Numerator:
Net income attributable to Hubbell	$	65.9	$		63.2
Less: Earnings allocated to participating securities		0.2			0.2
Net income available to common shareholders	$	65.7	$		63.0
Denominator:
Average number of common shares outstanding		59.1			59.2
Potential dilutive shares		0.5			0.7
Average number of diluted shares outstanding		59.6			59.9
Earnings per share:
Basic	$	1.11	$		1.06
Diluted	$	1.10	$		1.05

The Company did not have any anti-dilutive securities during the three months ended March 31, 2013 and 2012.

HUBBELL INCORPORATED - Form 10 Q - 10

Note 10  

Pension and Other Benefits

The following table sets forth the components of net pension and other benefit costs for the three months ended March 31, 2013 and 2012 (in millions):

	Pension Benefits									Other Benefits
	2013				2012				2013					2012
Three Months Ended March 31,
Service cost	$	4.0		$		4.2		$			-		$		-
Interest cost		9.1				9.0					0.2				0.3
Expected return on plan assets		(11.7	)			(10.0	)				-				-
Amortization of prior service cost		-				0.1					(0.2	)			-
Amortization of actuarial losses/(gains)		3.6				4.2					-				(0.2	)
NET PERIODIC BENEFIT COST	$	5.0		$		7.5		$			-		$		0.1

Employer Contributions

The Company anticipates making required contributions of approximately $3.3 million to its foreign pension plans during 2013, of which $0.7 million has been contributed through March 31, 2013. The Company is not required under the Pension Protection Act of 2006 to make any contributions to its qualified domestic benefit pension plans during 2013.

Note 11  

Guarantees

The Company accrues for costs associated with guarantees when it is probable that a liability has been incurred and the amount can be reasonably estimated. The most likely costs to be incurred are accrued based on an evaluation of currently available facts and, where no amount within a range of estimates is more likely, the minimum is accrued.

The Company records a liability equal to the fair value of guarantees in the Condensed Consolidated Balance Sheet in accordance with the guarantees accounting guidance. As of March 31, 2013, the fair value and maximum potential payment related to the Company’s guarantees were not material.

The Company offers product warranties which cover defects on most of its products. These warranties primarily apply to products that are properly installed, maintained and used for their intended purpose. The Company accrues estimated warranty costs at the time of sale. Estimated warranty expenses, recorded in cost of goods sold, are based upon historical information such as past experience, product failure rates, or the number of units to be repaired or replaced. Adjustments are made to the product warranty accrual as claims are incurred, additional information becomes known or as historical experience indicates.

Changes in the accrual for product warranties during the three months ended March 31, 2013 are set forth below (in millions):

BALANCE AT DECEMBER 31, 2012	$	7.0
Provision		2.1
Expenditures/other		(1.9	)
BALANCE AT MARCH 31, 2013	$	7.2

Note 12  

Fair Value Measurement

Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The FASB fair value measurement guidance established a fair value hierarchy that prioritizes the inputs used to measure fair value. The three broad levels of the fair value hierarchy are as follows:

Level 1–Quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2– Quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly

Level 3– Unobservable inputs for which little or no market data exists, therefore requiring a company to develop its own assumptions

HUBBELL INCORPORATED - Form 10 Q - 11

The following table shows, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis at March 31, 2013 and December 31, 2012 (in millions):

Asset (Liability)	Quoted Prices in Active Markets for Identical Assets (Level 1)				Quoted Prices in Active Markets for Similar Assets (Level 2)			Total
March 31, 2013
Money market funds (a)	$	404.2		$		-	$		404.2
Available for sale investments		44.8				-			44.8
Trading securities		6.7				-			6.7
Deferred compensation plan liabilities		(6.7	)			-			(6.7	)
Derivatives:
Forward exchange contracts		-				0.5			0.5
	$	449.0		$		0.5	$		449.5

	Quoted Prices in Active Markets for Identical Assets (Level 1)				Quoted Prices in Active Markets for Similar Assets (Level 2)				Total
December 31, 2012
Money market funds (a)	$	423.6		$		-		$		423.6
Available for sale investments		39.7				-				39.7
Trading securities		5.8				-				5.8
Deferred compensation plan liabilities		(5.8	)			-				(5.8	)
Derivatives:
Forward exchange contracts		-				(0.2	)			(0.2	)
	$	463.3		$		(0.2	)	$		463.1
(a) Money market funds are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheet.

The methods and assumptions used to estimate the Level 2 fair values were as follows:

Forward exchange contracts – The fair value of forward exchange contracts were based on quoted forward foreign exchange prices at the reporting date.

During the three months ended March 31, 2013 there were no transfers of financial assets or liabilities in or out of Level 1 or Level 2 of the fair value hierarchy. During the three months ended March 31, 2013 and as of December 31, 2012, the Company did not have any financial assets or liabilities that fell within the Level 3 hierarchy.

Investments

At March 31, 2013 and December 31, 2012, the Company had $44.8 million and $39.7 million, respectively, of municipal bonds classified as available-for-sale securities. The Company also had $6.7 million and $5.8 million of trading securities at March 31, 2013 and December 31, 2012, respectively. These investments are carried on the balance sheet at fair value. Unrealized gains and losses associated with available-for-sale securities are reflected in Accumulated other comprehensive loss, net of tax, while unrealized gains and losses associated with trading securities are reflected in the results of operations.

Deferred compensation plans

The Company offers certain employees the opportunity to participate in non-qualified deferred compensation plans. A participant’s deferrals are invested in a variety of participant-directed debt and equity mutual funds that are classified as trading securities. During the three months ended March 31, 2013 and 2012, the Company purchased $0.8 and $1.2 million, respectively, of trading securities related to these deferred compensation plans. The unrealized gains and losses associated with these trading securities are directly offset by the changes in the fair value of the underlying deferred compensation plan obligation.

HUBBELL INCORPORATED - Form 10 Q - 12

Derivatives

In order to limit financial risk in the management of its assets, liabilities and debt, the Company may use derivative financial instruments such as foreign currency hedges, commodity hedges, interest rate hedges and interest rate swaps. All derivative financial instruments are matched with an existing Company asset, liability or forecasted transaction. Market value gains or losses on the derivative financial instrument are recognized in income when the effects of the related price changes of the underlying asset, liability or forecasted transaction are recognized in income.

The fair values of derivative instruments in the Condensed Consolidated Balance Sheet are as follows (in millions):

	Asset/(Liability) Derivatives
		Fair Value
Derivatives designated as hedges	Balance Sheet Location	March 31, 2013				December 31, 2012
Forward exchange contracts designated as cash flow hedges	Other accrued liabilities	$	(0.1	)	$		(0.2	)
Forward exchange contracts designated as cash flow hedges	Deferred taxes and other		0.6				-
		$	0.5		$		(0.2	)

Forward exchange contracts

In 2013 and 2012, the Company entered into a series of forward exchange contracts to purchase U.S. dollars in order to hedge its exposure to fluctuating rates of exchange on anticipated inventory purchases by one of its Canadian subsidiaries. As of March 31, 2013, the Company had 18 individual forward exchange contracts for $1.0 million each, which have various expiration dates through March 2014. These contracts have been designated as cash flow hedges in accordance with the accounting guidance for derivatives.

Interest rate locks

Prior to the issuance of long-term notes in 2010 and 2008, the Company entered into forward interest rate locks to hedge its exposure to fluctuations in treasury rates. The 2010 interest rate lock resulted in a $1.6 million loss while the 2008 interest rate lock resulted in a $1.2 million gain. These amounts were recorded in Accumulated other comprehensive loss, net of tax, and are being amortized over the life of the respective notes. The amortization associated with these interest rate locks is reclassified from Accumulated other comprehensive loss to Interest expense, net in the Condensed Consolidated Statement of Income. The amortization reclassification for the three months ended March 31, 2013 and 2012 was not material. As of both March 31, 2013 and December 31, 2012 there was $0.4 million of net unamortized losses reflected in accumulated other comprehensive loss.

The following table summarizes the results of cash flow hedging relationships for the three months ended March 31, 2013 and 2012 (in millions):

	Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss (net of tax)						Location of Gain/(Loss) Reclassified into Income		Gain/(Loss) Reclassified into Earnings (Effective Portion)
Derivative Instrument	2013		2012				(Effective Portion)	2013			2012
Forward exchange contract	$	0.5	$	(0.2	)	Cost of goods sold		$		0.1	$	0.1

There was no hedge ineffectiveness with respect to the forward exchange cash flow hedges during the three months ended March 31, 2013 and 2012.

Long-term Debt

The total carrying value of long-term debt as of March 31, 2013 and December 31, 2012 was $596.8 million and $596.7 million, respectively, net of unamortized discount. As of March 31, 2013 and December 31, 2012, the estimated fair value of the long-term debt was $679.1 million and $682.7 million, respectively, based on quoted market prices.

HUBBELL INCORPORATED - Form 10 Q - 13

ITEM 2  

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Executive Overview of the Business

The Company is primarily engaged in the design, manufacture and sale of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. Products are either sourced complete, manufactured or assembled by subsidiaries in the United States, Canada, Switzerland, Puerto Rico, China, Mexico, Italy, the United Kingdom, Brazil and Australia. The Company also participates in joint ventures in Taiwan and Hong Kong, and maintains offices in Singapore, China, India, Mexico, South Korea and countries in the Middle East. The Company employs approximately 13,400 individuals worldwide.

The Company’s reporting segments consist of the Electrical segment (comprised of electrical systems products and lighting products) and the Power segment. Results for the three months ended March 31, 2013 are included under “Segment Results” within this Management’s Discussion and Analysis.

The Company is focused on growing profits and delivering attractive returns to our shareholders by executing a business plan focused on the following key initiatives: revenue growth, price realization and productivity improvements.

As part of our revenue growth initiative, we remain focused on expanding market share through new product introductions and more effective utilization of sales and marketing efforts across the organization. In addition, we continue to assess opportunities to expand sales through acquisitions of businesses that fill product line gaps or allow for expansion into new markets.

Price realization is a key area of focus for our company. Material costs are approximately two-thirds of our cost of goods sold therefore volatility in this area can significantly impact profitability. As a result, our goal is to achieve parity between pricing and commodity cost increases.

Productivity improvements are also an important initiative for the Company. These programs impact virtually all functional areas within the company by reducing or eliminating waste and improving processes. We continue to expand our efforts surrounding global product and component sourcing and supplier cost reduction programs. Value engineering efforts, product transfers and the use of lean process improvement techniques are expected to increase manufacturing efficiency. In addition, we continue to build upon the benefits of our enterprise resource planning system across all functions and have also implemented a sustainability program across the organization. Our goal is to have enough productivity programs to pay for investments in key growth areas as well as offset other inflationary cost increases.

Results of Operations – First Quarter of 2013 compared to the First Quarter of 2012

SUMMARY OF CONSOLIDATED RESULTS (IN MILLIONS, EXCEPT PER SHARE DATA):

	Three Months Ended March 31
	2013			% of Net sales			2012			% of Net sales
Net Sales	$	740.1				$		723.8
Cost of goods sold		503.8	68.1		%			489.7	67.7		%
Gross Profit		236.3	31.9		%			234.1	32.3		%
Selling & administrative expense		138.6	18.7		%			132.4	18.3		%
Operating income		97.7	13.2		%			101.7	14.1		%
Net income attributable to Hubbell		65.9	8.9		%			63.2	8.7		%
Earnings per share - diluted	$	1.10				$		1.05

Net Sales

Net sales of $740.1 million for the first quarter of 2013 increased 2% compared to the first quarter of 2012 due to acquisitions contributing three percentage points partially offset by one percentage point of lower organic volume. Lower organic demand was primarily due to weakness in the industrial segment driven by declines in net sales for high voltage products and the extractive industries sector. Favorable price realization was less than one percentage point. Also, foreign currency translation was unfavorable by less than one percentage point.

Cost of Goods Sold

As a percentage of net sales, cost of goods sold increased to 68.1% in the first quarter of 2013 compared to 67.7% in the first quarter of 2012 due to the impact of facility consolidation costs which accounted for 30 basis points of the increase. In addition, the impact of unfavorable product mix

HUBBELL INCORPORATED - Form 10 Q - 14

primarily related to lower sales of higher margin industrial products, inflationary increases and higher material costs were essentially offset by productivity and price realization.

Gross Profit

The consolidated gross profit margin in the first quarter of 2013 was 31.9% compared to 32.3% in the first quarter of 2012. The decrease was primarily caused by facility consolidation costs of $1.9 million or 30 basis points. In addition, the impact of unfavorable product mix primarily related to lower sales of higher margin industrial products, inflationary increases and higher material costs were essentially offset by productivity and price realization.

Selling & Administrative Expenses (“S&A”)

S&A expenses in the first quarter of 2013 were $138.6 million compared to $132.4 million in the first quarter of 2012. As a percentage of net sales, S&A expenses increased to 18.7% in the first quarter of 2013 compared to 18.3% in the first quarter of 2012 primarily due to higher personnel related costs.

Total Other Expense

Total other expense was $6.5 million in the first quarter of 2013 compared to $7.1 million in the first quarter of 2012. This decrease is primarily due to higher net foreign currency transaction gains in the first quarter of 2013 compared to the first quarter of 2012.

Income Taxes

The effective tax rate in the first quarter of 2013 decreased to 26.8% from 32.8% in the first quarter of 2012. The decrease in the effective tax rate was primarily due to the retroactive application of certain tax provisions, including the research and development tax credit, that were part of the American Taxpayer Relief Act of 2012 ("2012 Relief Act") which became law during the first quarter of 2013. The first quarter of 2013 includes a $4.3 million tax benefit related to the retroactive application of the 2012 Relief Act.

Net income attributable to Hubbell and Earnings Per Diluted Share

Net income attributable to Hubbell increased 4% in the first quarter of 2013 compared to the first quarter of 2012. Earnings per diluted share increased 5% in the first quarter of 2013 compared to the first quarter of 2012 due to a slightly lower average number of diluted shares outstanding at the end of the first quarter of 2013 compared to the first quarter of 2012.

Segment Results

ELECTRICAL

	Three Months Ended March 31
(In millions)	2013				2012
Net sales	$	515.3		$		505.1
Operating income	$	61.6		$		63.8
Operating margin		12.0	%			12.6	%

Net sales in the Electrical segment increased 2% in the first quarter of 2013 compared with the first quarter of 2012. Increases in net sales due to acquisitions and price realization of three percentage points and one percentage point respectively, were partially offset by two percentage points of lower organic volume compared to the first quarter of 2012. The sales decline was due to weakness in the industrial market, primarily high voltage products and the extractive industry sectors. The residential market experienced broad based growth offset in part by the non-residential market that included lower public spending. Foreign currency translation had no impact on net sales in the first quarter of 2013 as compared to the first quarter of 2012.

Within the segment, electrical systems products net sales increased 1% in the first quarter of 2013 compared to the first quarter of 2012 due to acquisitions and price realization partially offset by lower organic volume. Sales of lighting products increased 4% in the first quarter of 2013 compared to 2012 due to higher sales in the residential market.

Operating income in the first quarter of 2013 decreased 3% to $61.6 million compared to the first quarter of 2012 and operating margin decreased by 60 basis points to 12.0%. Operating income and margin decreased primarily due to unfavorable product mix related to lower industrial sales. Productivity and price realization were essentially offset by inflationary increases and higher material costs.

POWER

	Three Months Ended March 31
(In millions)	2013				2012
Net sales	$	224.8		$		218.7
Operating income	$	36.1		$		37.9
Operating margin		16.1	%			17.3	%

HUBBELL INCORPORATED - Form 10 Q - 15

Net sales in the Power segment increased 3% in the first quarter of 2013 compared to the first quarter of 2012 due to the acquisition that was completed in the fourth quarter of 2012. Organic volume increased net sales by one percentage point but was offset by unfavorable foreign currency translation. Organic growth was due to increased international net sales. Distribution spending was essentially flat compared to last year's unusually strong start due to the favorable weather conditions. Transmission sales decreased compared to first quarter of 2012 due to timing of project spending but remain at a high level.

Operating income in the first quarter of 2013 decreased 5% to $36.1 million compared to the first quarter of 2012 and operating margin decreased by 120 basis points to 16.1%. The operating income decrease was primarily due to facility consolidation costs of $1.9 million incurred in the quarter. The operating margin decrease was due to facility consolidation costs as well as the acquisition being below the segment's average operating margin. Cost increases including wages, benefits and other personnel related costs, higher material costs and unfavorable price realization were essentially offset by productivity and higher organic volume.

Outlook

For 2013, we expect our overall net sales to increase by three to five percent compared to 2012, including two percentage points of growth from the four acquisitions completed in 2012 and the one completed in the first quarter of 2013. The non-residential market is expected to grow in the low single digit range for the year. The utility market is expected to grow in the two to four percent range with modest increases anticipated for maintenance and repair spending on distribution and transmission networks. We also anticipate the investments in transmission related projects will continue at high levels but the growth rate will slow. The industrial market is expected to grow slightly as increases in factory utilization and energy markets are expected to be partially offset by lower demand for high voltage test equipment. For the residential market, we anticipate double digit growth rates due to continued broad based strengthening in single and multi-family housing starts.

We plan to continue to work on productivity initiatives, including improved sourcing, product redesign and lean projects focused on both factory and back office efficiency. We anticipate cost increases from materials, including both commodities and purchased products, healthcare and other inflationary costs. We also expect to incur approximately $5 million of costs associated with facility consolidations during 2013, primarily in the first half of the year. We plan to continue to invest in people and resources to support our growth initiatives. Overall we expect to expand operating margin by approximately 40 basis points in 2013 compared to 2012. Additionally, we expect our 2013 tax rate to be approximately 31.5% primarily due to the 2012 Relief Act which became law during the first quarter of 2013 partially offset by a higher mix of domestic income. We expect to increase our earnings in 2013 through higher sales, careful management of pricing relative to material costs and by continuing our productivity programs.

In 2013, we anticipate free cash flow (defined as cash flows from operations less capital expenditures) to approximate net income. Finally, with our strong financial position, we expect to continue to evaluate and pursue additional acquisitions to add to our portfolio.

Financial Condition, Liquidity and Capital Resources

CASH FLOW

	Three Months Ended March 31
(In millions)	2013				2012
Net cash provided by (used in):
Operating activities	$	42.7		$		45.1
Investing activities		(55.8)				(16.3	)
Financing activities		(21.7)				(40.6	)
Effect of foreign currency exchange rate changes on cash and cash equivalents		(4.0)				4.6
NET CHANGE IN CASH AND CASH EQUIVALENTS	$	(38.8	)	$		(7.2	)

Cash provided by operating activities for the three months ended March 31, 2013 decreased from the comparable period in 2012 primarily due to a greater use of cash for working capital partially offset by higher net income. Cash used for working capital was $47.9 million and $38.6 million for the three month periods ended March 31, 2013 and 2012, respectively. This increase is primarily due to an increase in working capital days, primarily accounts receivable, as well as lower tax accruals due to the lower effective tax rate and higher tax payments in the first quarter of 2013 compared to the first quarter of 2012.

Investing activities used cash of $55.8 million in the first three months of 2013 compared to cash used of $16.3 million during the comparable period in 2012. This increase is primarily due to higher net acquisition investment and purchases of available-for-sale investments as well as lower proceeds from the sale of assets. Financing activities used cash of $21.7 million in the first three months of 2013 compared to $40.6 million of cash used during the comparable period of 2012 primarily as a result of lower spending on the repurchase of common shares partially offset by lower proceeds from the exercise of stock options and an increase in dividends paid.

Investments in the Business

Investments in our business include both expenditures required to maintain the operation of our equipment and facilities as well as cash outlays in support of our strategic initiatives. During the first three months of 2013, we used cash of $13 million for capital expenditures, an increase of $1.6 million from the comparable period of 2012.

HUBBELL INCORPORATED - Form 10 Q - 16

During the first three months of 2013, the Company completed the acquisition of the majority of the assets of Continental for $37.5 million, net of cash received. The Company continues to assess opportunities to expand sales through acquisitions of businesses that fill product gaps or allow for expansion into new markets. See also Note 2-Business Acquisitions in the Notes to Condensed Consolidated Financial Statements.

In September 2011, the Board of Directors approved a stock repurchase program and authorized the repurchase of up to $200 million of Class A and Class B Common Stock. The Company did not repurchase any Class A or Class B common stock during the quarter ended March 31, 2013. As of March 31, 2013, $124.4 million remains authorized for future repurchases under this program. Depending upon numerous factors, including market conditions and alternative uses of cash, we may conduct discretionary repurchases through open market and privately negotiated transactions during our normal trading windows.

Debt to Capital

At March 31, 2013, the Company had $596.8 million of senior long-term notes, net of unamortized discount. These long-term fixed-rate notes, with amounts of $300 million due in both 2018 and 2022, respectively, are callable with a make whole provision and are only subject to accelerated payment prior to maturity if we fail to meet certain non-financial covenants, all of which were met at March 31, 2013.

Net debt, defined as total debt less cash and investments, is a non-GAAP measure that may not be comparable to definitions used by other companies. We consider net debt to be a useful measure of our financial leverage for evaluating the Company’s ability to meet its funding needs.

(In millions)	March 31, 2013				December 31, 2012
Total Debt	$	596.8		$		596.7
Total Hubbell Shareholders' Equity		1,696.8				1,661.2
TOTAL CAPITAL	$	2,293.6		$		2,257.9
Debt to Total Capital		26	%			26	%
Cash and Investments		657.7				690.5
NET DEBT	$	(60.9	)	$		(93.8	)
Net Debt to Total Capital		(3	%)			(4	%)

Liquidity

We measure liquidity on the basis of our ability to meet short-term and long-term operational funding needs, fund additional investments, including acquisitions, and make dividend payments to shareholders. Significant factors affecting the management of liquidity are cash flows from operating activities, capital expenditures, cash dividend payments, stock repurchases, access to bank lines of credit and our ability to attract long-term capital with satisfactory terms.

The Company had $606.2 million of cash and cash equivalents at March 31, 2013, of which approximately 38% was held outside of the United States. Except for a portion of current earnings, the Company’s intent is to indefinitely reinvest all of its undistributed international earnings and cash within its international subsidiaries.

As of March 31, 2013, the Company’s $500 million revolving credit facility had not been drawn against. The credit facility, which serves as a backup to our commercial paper program, was scheduled to expire in October 2016. In March 2013, the facility was amended to extend the maturity date to March 2018. The interest rate applicable to borrowing under the credit agreement is generally either the prime rate or a surcharge over LIBOR. The single financial covenant in the $500 million credit facility, which the Company is in compliance with, requires that total debt not exceed 55% of total capitalization. Annual commitment fees to support availability under the credit facility are not material.

Although not the principal source of liquidity, we believe our credit facility is capable of providing significant financing flexibility at reasonable rates of interest. However, in the event of a significant deterioration in the results of our operations or cash flows, leading to deterioration in financial condition, our borrowing costs could increase and/or our ability to borrow could be restricted. We have not entered into any guarantees that could give rise to material unexpected cash requirements.

We have contractual obligations for long-term debt, operating leases, purchase obligations, and certain other long-term liabilities that were summarized in a table of Contractual Obligations in our Annual Report on Form 10-K for the year ended December 31, 2012. Since December 31, 2012, there were no material changes to our contractual obligations.

Internal cash generation together with currently available cash and investments, available borrowing facilities and credit lines, if needed, are expected to be sufficient to fund operations, the current rate of cash dividends, capital expenditures, and an increase in working capital that would be required to accommodate a higher level of business activity. We actively seek to expand by acquisition as well as through the growth of our current businesses. While a significant acquisition may require additional debt and/or equity financing, we believe that we would be able to obtain additional financing based on our favorable historical earnings performance and strong financial position.

Critical Accounting Estimates

A summary of our critical accounting estimates is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the year ended December 31, 2012. We are required to make estimates and judgments in the preparation of our financial statements that affect the reported amounts of assets and liabilities, revenues and expenses and related disclosures. We continually review these estimates and their underlying assumptions to ensure they are appropriate for the circumstances. Changes in the estimates and assumptions we use could have a significant impact on our financial results. During the first three months of 2013, there were no significant changes in our estimates and critical accounting policies.

HUBBELL INCORPORATED - Form 10 Q - 17

Forward-Looking Statements

Some of the information included in this Management’s Discussion and Analysis of Financial Condition and Results of Operations, and elsewhere in this Form 10-Q, contain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These include statements about capital resources, performance and results of operations and are based on our reasonable current expectations. In addition, all statements regarding anticipated growth or improvement in operating results, anticipated market conditions and economic recovery are forward looking. Forward-looking statements may be identified by the use of words, such as “believe”, “expect”, “anticipate”, “intend”, “depend”, “should”, “plan”, “estimated”, “predict”, “could”, “may”, “subject to”, “continues”, “growing”, “prospective”, “forecast”, “projected”, “purport”, “might”, “if”, “contemplate”, “potential”, “pending,” “target”, “goals”, “scheduled”, “will likely be”, and similar words and phrases. Discussions of strategies, plans or intentions often contain forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in forward-looking statements include, but are not limited to:

• 

Changes in demand for our products, market conditions, product quality, or product availability adversely affecting sales levels.

• 

Changes in markets or competition adversely affecting realization of price increases.

• 

Failure to achieve projected levels of efficiencies, cost savings and cost reduction measures, including those expected as a result of our lean initiative and strategic sourcing plans.

• 

The expected benefits and the timing of other actions in connection with our enterprise resource planning system.

• 

Availability and costs of raw materials, purchased components, energy and freight.

• 

Changes in expected or future levels of operating cash flow, indebtedness and capital spending.

• 

General economic and business conditions in particular industries, markets or geographic regions, as well as inflationary trends.

• 

Regulatory issues, changes in tax laws or changes in geographic profit mix affecting tax rates and availability of tax incentives.

• 

A major disruption in one or more of our manufacturing or distribution facilities or headquarters, including the impact of plant consolidations and relocations.

• 

Changes in our relationships with, or the financial condition or performance of, key distributors and other customers, agents or business partners which could adversely affect our results of operations.

• 

Impact of productivity improvements on lead times, quality and delivery of product.

• 

Anticipated future contributions and assumptions including changes in interest rates and plan assets with respect to pensions.

• 

Adjustments to product warranty accruals in response to claims incurred, historical experiences and known costs.

• 

Unexpected costs or charges, certain of which might be outside of our control.

• 

Changes in strategy, economic conditions or other conditions outside of our control affecting anticipated future global product sourcing levels.

• 

Ability to carry out future acquisitions and strategic investments in our core businesses as well as the acquisition related costs.

• 

Unanticipated difficulties integrating acquisitions as well as the realization of expected synergies and benefits anticipated when we first enter into a transaction.

• 

The ability of governments to meet their financial obligations.

• 

Political unrest in foreign countries.

• 

Natural disasters.

• 

Future repurchases of common stock under our common stock repurchase program.

• 

Changes in accounting principles, interpretations, or estimates.

• 

The outcome of environmental, legal and tax contingencies or costs compared to amounts provided for such contingencies.

• 

Adverse changes in foreign currency exchange rates and the potential use of hedging instruments to hedge the exposure to fluctuating rates of foreign currency exchange on inventory purchases.

• 

Other factors described in our Securities and Exchange Commission filings, including the “Business”, “Risk Factors” and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Any such forward-looking statements are not guarantees of future performances and actual results, developments and business decisions may differ from those contemplated by such forward-looking statements. The Company disclaims any duty to update any forward-looking statement, all of which are expressly qualified by the foregoing, other than as required by law.

HUBBELL INCORPORATED - Form 10 Q - 18

ITEM 3  

Quantitative and Qualitative Disclosures About Market Risk

In the operation of its business, the Company has exposures to fluctuating foreign currency exchange rates, availability of purchased finished goods and raw materials, changes in material prices, foreign sourcing issues, and changes in interest rates. There have been no significant changes in our exposure to these market risks during the first three months of 2013. For a complete discussion of the Company’s exposure to market risk, refer to Item 7A, “Quantitative and Qualitative Disclosures about Market Risk”, contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

ITEM 4  

Controls and Procedures

The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed under the Securities Exchange Act of 1934, as amended, the (“Exchange Act”) is recorded, processed, summarized and reported within the time periods specified and that such information is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. There are inherent limitations to the effectiveness of any system of disclosure controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their control objectives.

Our management carried out an evaluation, with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the Company’s disclosure controls and procedures as defined in Exchange Act Rules 13a-15(e) and 15d-15(e), as of the end of the period covered by this report on Form 10-Q. Based upon that evaluation, each of the Chief Executive Officer and Chief Financial Officer concluded that, as of March 31, 2013, the Company’s disclosure controls and procedures were effective at the reasonable assurance level.

There have been no changes in the Company’s internal control over financial reporting that occurred during the Company’s most recently completed quarter that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

HUBBELL INCORPORATED - Form 10 Q - 19

PART II  

OTHER INFORMATION

ITEM 1A  

Risk Factors

There have been no material changes in the Company’s risk factors from those disclosed in the Annual Report on Form 10-K for the year ended December 31, 2012.

ITEM 2  

Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

In September 2011, the Board of Directors approved a stock repurchase program and authorized the repurchase of up to $200 million of Class A and Class B Common Stock. The Company did not repurchase any Class A or Class B Common Stock during the quarter ended March 31, 2013. As of March 31, 2013, approximately $124.4 million remains authorized for future repurchases under this program. Depending upon numerous factors, including market conditions and alternative uses of cash, we may conduct discretionary repurchases through open market and privately negotiated transactions during our normal trading windows.

HUBBELL INCORPORATED - Form 10 Q - 20

ITEM 6  

Exhibits

EXHIBITS

Number	Description
10f*	Hubbell Incorporated Amended and Restated Deferred Compensation Plan for Directors, as amended and restated effective February 7, 2013.
31.1*	Certification of Chief Executive Officer Pursuant to Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes — Oxley Act of 2002.
31.2*	Certification of Chief Financial Officer Pursuant to Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes — Oxley Act of 2002.
32.1*	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes — Oxley Act of 2002.
32.2*	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes — Oxley Act of 2002.
101.INS*	XBRL Instance Document.
101.SCH*	XBRL Taxonomy Extension Schema Document.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document.
* Filed herewith

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: April 19, 2013	HUBBELL INCORPORATED
/s/ William R. Sperry	/s/ Darrin S. Wegman
William R. Sperry	Darrin S. Wegman
Senior Vice President and Chief Financial Officer	Vice President, Controller (Principal Accounting Officer)

HUBBELL INCORPORATED - Form 10 Q - 21

EX-31.1

EXHIBIT 31.1

I, David G. Nord, certify that:

1.  

I have reviewed this quarterly report on Form 10-Q of Hubbell Incorporated (the “registrant”);

2.  

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)  

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)  

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)  

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)  

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.  

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)  

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)  

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 19, 2013

/s/ David G. Nord

David G. Nord

President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

I, William R. Sperry, certify that:

1.  

I have reviewed this quarterly report on Form 10-Q of Hubbell Incorporated (the “registrant”);

2.  

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)  

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)  

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)  

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)  

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.  

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)  

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)  

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 19, 2013

/s/ William R. Sperry

William R. Sperry

Senior Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1  

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Hubbell Incorporated (the “Company”) on Form 10-Q for the period ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David G. Nord, President and Chief Executive Officer, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1)  

The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

(2)  

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ David G. Nord

David G. Nord

President and Chief Executive Officer

April 19, 2013

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.2  

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Hubbell Incorporated (the “Company”) on Form 10-Q for the period ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, William R. Sperry, Senior Vice President and Chief Financial Officer, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1)  

The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

(2)  

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ William R. Sperry

William R. Sperry

Senior Vice President and Chief Financial Officer

April 19, 2013

EX-10.F

HUBBELL INCORPORATED

Amended and Restated Deferred Compensation Plan for Directors

As Amended and Restated Effective as of February 7, 2013

HUBBELL INCORPORATED - Form 10 Q - 1

TABLE OF CONTENTS

ARTICLE I   DEFINITIONS 3

ARTICLE II   ELECTION TO DEFER 4

ARTICLE III   DEFERRED COMPENSATION ACCOUNTS 4

ARTICLE IV   PAYMENT OF DEFERRED COMPENSATION 5

ARTICLE V   ADMINISTRATION 6

ARTICLE VI   AMENDMENT OF PLAN 6

ARTICLE VII   CHANGE OF CONTROL 7

ARTICLE VIII   EFFECTIVE DATE 7

ARTICLE IX   MISCELLANEOUS PROVISIONS 7

HUBBELL INCORPORATED - Form 10 Q - 2

HUBBELL INCORPORATED DEFERRED COMPENSATION PLAN FOR DIRECTORS

ARTICLE I  

DEFINITIONS

1.1  

“Accounts” shall mean collectively the Director’s Cash Account, Stock Unit Account and Restricted Stock Unit Account.

1.2  

“Board” shall mean the Board of Directors of Hubbell Incorporated.

1.3  

“Cash Account” shall mean the account created by Hubbell pursuant to Article III of this Plan in accordance with an election by a Director to receive deferred cash compensation under Article II hereof.

1.4  

“Change of Control” shall mean the first to occur of any one of the following:

(a)  

Continuing Directors during any 12 month period no longer constitute a majority of the Directors;

(b)  

Any person or persons acting as a group (within the meaning of Treas. Reg. §1.409A-3(i)(5)(vi)(D)), acquires (or has acquired within the 12 month period ending on the date of the last acquisition by such person or persons) directly or indirectly, thirty percent (30%) or more of the voting power of the then outstanding securities of Hubbell entitled to vote for the election of Hubbell’s directors; provided that this Section 1.4(b) shall not apply with respect to any acquisition of securities by (i) the trust under a Trust Indenture dated September 2, 1957 made by Louie E. Roche, (ii) the trust under a Trust Indenture dated August 23, 1957 made by Harvey Hubbell, and (iii) any employee benefit plan (within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended) maintained by Hubbell or any affiliate of Hubbell;

(c)  

Any person or persons acting as a group (within the meaning of Treas. Reg. §1.409A-3(i)(5)(v)(B)), acquires ownership (including any previously owned securities) of more than fifty percent (50%) of either (i) the voting power value of the then outstanding securities of Hubbell entitled to vote for the election of Hubbell’s directors or (ii) the fair market value of Hubbell; provided that this Section 1.4(c) shall not apply with respect to any acquisition of securities by (i) the trust under a Trust Indenture dated September 2, 1957 made by Louie E. Roche, (ii) the trust under a Trust Indenture dated August 23, 1957 made by Harvey Hubbell, and (iii) any employee benefit plan (within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended) maintained by Hubbell or any affiliate of Hubbell; or

(d)  

A sale of substantially all of Hubbell’s assets.

Provided, that the transaction or event described in subsection (a), (b), (c) or (d) constitutes a “change in control event,” as defined in Treas. Reg. §1.409A-3(i)(5).

1.5  

“Code” shall mean the Internal Revenue Code of 1986, as amended and any successor statute thereto.

1.6  

“Compensation Committee” shall mean the Compensation Committee of the Board.

1.7  

“Continuing Director” shall mean any individual who is a member of Hubbell’s Board of Directors on December 9, 1986 or was designated (before such person’s initial election as a Director) as a Continuing Director by 2/3 of the then Continuing Directors.

1.8  

“Director” shall mean a member of the Board of Directors of Hubbell who is not an employee of Hubbell or any of its subsidiaries.

1.9  

“Directors’ Retirement Plan” shall mean the Hubbell Incorporated Retirement Plan for Directors.

1.10  

“Equity Plan” shall mean any stock option or other equity incentive compensation plan which is maintained by Hubbell and which provides for grants of Restricted Stock.

1.11  

“Fees” shall mean cash amounts earned for serving as a member of the Board, including any Committees of the Board.

1.12  

“He”, “Him” or “His” shall apply equally to male and female members of the Board.

1.13  

“Hubbell” shall mean Hubbell Incorporated and any corporate successors.

1.14  

“Plan” shall mean this Deferred Compensation Plan for Directors as it may be amended from time to time.

1.15  

“Restricted Stock” shall mean shares of restricted Class B Common Stock which are awarded to a Director under an Equity Plan for serving as a member of the Board, including any Committees of the Board;

1.16  

“Restricted Stock Unit” shall mean one share of Hubbell Class B Common Stock.

1.17  

“Restricted Stock Unit Account” shall mean the account created by Hubbell pursuant Article III of this Plan in accordance with an election by a Director to defer Restricted Stock under Article II hereof.

1.18  

“Retirement Benefit Account” shall mean the amount, if any, transferred from the Directors’ Retirement Plan to this Plan in accordance with Section 2.4.

1.19  

“Year” shall mean calendar year.

1.20  

“Separation from Service” shall mean termination of service as a Director; provided that the individual is not or does not as a result thereof become an employee or maintain an independent contractor relationship with Hubbell. All determinations of whether an individual has had a Separation from Service shall be made applying the definition contained in Treas. Reg. §1.409A-1(h).

1.21  

“Stock Unit” shall mean one share of Hubbell Class A Common Stock and one share of Hubbell Class B Common Stock.

1.22  

“Stock Unit Account” shall mean the account created by Hubbell pursuant Article III of this Plan in accordance with an election by a Director to receive deferred stock compensation under Article II hereof.

1.23  

“Units” shall mean Stock Units and Restricted Stock Units credited to a Participant’s Stock Unit Account and Restricted Stock Unit Account.

HUBBELL INCORPORATED - Form 10 Q - 3

ARTICLE II  

ELECTION TO DEFER

2.1  

A Director may elect, on or before December 31 of any Year, to defer payment of all or a specified part of all Fees earned and Restricted Stock otherwise to be granted during the Year following such election and succeeding Years (until the Director ceases to be a Director). Any person who shall become a Director during any Year, and who was not a Director of Hubbell on the preceding December 31, may elect, before the Director’s term begins, to defer payment of all or a specified part of such Fees earned and Restricted Stock otherwise to be granted during the remainder of such Year and for succeeding Years. Any Fees deferred pursuant to this Section shall be paid to the Director at the time(s) and in the manner specified in Article IV hereof, in the form of cash or Hubbell Common Stock, or any combination thereof, as designated by the Director. Any Restricted Stock deferred pursuant to this Section shall be paid to the Director at the time(s) and in the manner specified in Article IV hereof, in the form of Class B Common Stock.

2.2  

The election to participate and manner of payment shall be designated by submitting a letter in the form attached hereto as Appendix A to the Secretary of Hubbell.

2.3  

The election shall continue from Year to Year unless the Director terminates it by written request delivered to the Secretary of Hubbell prior to the commencement of the Year for which the termination is first effective.

2.4  

A Director who is a participant in the Directors’ Retirement Plan shall have the actuarial lump sum equivalent of his retirement benefit accrued under the Directors’ Retirement Plan as of December 31, 2007 contributed to this Plan, with such amount allocated to his Retirement Benefit Account. In accordance therewith, such Director shall elect prior to December 31, 2007, (i) the time and form of payment of such Retirement Benefit Account in accordance with Sections 4.1 or 4.5 and (ii) the investment of the Retirement Benefit Account in either the Cash Account or a Stock Unit Account as elected under Sections 3.2 or 3.4; provided, however, that if the investment of the Retirement Benefit Account in the Stock Unit Account would violate any federal or state securities laws, as determined by Hubbell’s outside legal counsel, then the Retirement Benefit Account shall be invested in the Cash Account. Notwithstanding anything in Sections 3.4 or 4.1 to the contrary, if it is subsequently determined by Hubbell’s outside legal counsel that the Retirement Benefit Account may be invested in the Stock Unit Account without violating the federal or state securities laws, then each Director shall have a one time election to have the balance of his Retirement Benefit Account that is held in the Cash Account transferred to the Stock Unit Account. The number of Stock Units to be credited to the Director’s Stock Unit Account shall be determined under the methodology set forth in Section 3.4, but with the date of transfer being the date the Fees would have been paid, and the value of the Retirement Benefit Account on the date of the transfer being the value of the Fees paid.

2.5  

Prior to December 31, 2008 each Director who is a participant in the Plan on December 31, 2008 shall make an election to have his or her Accounts payable under Article IV upon Separation from Service commencing on either the six month anniversary of the Director’s Separation from Service or the fifth business day of the Year following the Director’s Separation from Service. For each Director who first becomes a participant in the Plan after January 1, 2009 such election shall be made at the time of the Director’s initial deferral election under Section 2.1. If no such election is filed, then the Director’s Accounts shall be payable commencing on the fifth business day of the Year following the Director’s Separation from Service.

ARTICLE III  

DEFERRED COMPENSATION ACCOUNTS

3.1  

Hubbell shall maintain separate memorandum accounts for the Fees and Restricted Stock deferred by each Director.

3.2  

Hubbell shall credit, on the date Fees become payable, to the Cash Account of each Director the deferred portion of any Fees due the Director as to which an election to receive cash has been made. Fees deferred in the form of cash (and interest thereon) shall be held in the general funds of Hubbell. On the first business day of 2008, Hubbell shall credit to the Cash Account of a Director the amount of his Retirement Benefit Account to which such Director elected to have invested in the Cash Account.

3.3  

Hubbell shall credit the Cash Account of each Director on a quarterly basis with interest at the prime rate in effect at Hubbell’s principal commercial bank on the date of the next immediately following regular quarterly Directors’ meeting. A Director’s Cash Account shall continue to accrue interest in the foregoing manner during the period beginning on the Director’s Separation from Service and ending two days prior to the date on which the balance of the Director’s Cash Account will be paid (whether the Director has elected to receive the distribution of his or her Cash Account in a lump sum or in installment payments), in accordance with the terms of Article IV hereof, in satisfaction of all payments owed to the Director under the Plan.

3.4  

Hubbell shall credit, on the date Fees become payable, the Stock Unit Account of each Director with the number of Stock Units which is equal to: the deferred portion of any Fees due the Director as to which an election to receive Hubbell Common Stock has been made, divided by the sum of the closing prices of Hubbell’s Class A Common Stock and Class B Common Stock as reported on the New York Stock Exchange (the “NYSE”) on the date such Fees would otherwise have been paid (the “Stock Unit Value”). If closing prices are not available from the NYSE for both the Class A Common Stock and the Class B Common Stock on the date such Fees would otherwise have been paid, then the next preceding practicable date for which such closing prices are available shall be used. On the first business day of 2008, Hubbell shall credit the Stock Unit Account of a Director who has elected to have all or a portion of his Retirement Benefit Account invested in the Stock Unit Account with Stock Units equal to the balance of such Retirement Benefit Account as to which the Director elected to invest in Stock Units divided by the Stock Unit Value on the first business day of 2008.

3.5  

Hubbell shall credit the Stock Unit Account of each Director who has elected to receive deferred compensation in the form of Stock Units with the number of Stock Units equal to any cash dividends (or the fair market value of dividends paid in property other than dividends payable in Common Stock of Hubbell) payable on the number of shares of Class A Common Stock or Class B Common Stock represented by the number of Stock Units in each Director’s Stock Unit Account divided by the Stock Unit Value on the dividend payment date. Dividends payable in Common Stock on both Class A and Class B Common Stock of Hubbell and in respect of each class in shares of such class will be credited to each Director’s Stock Unit Account in the form of Stock Units. Dividends payable on both Class A and Class B Common Stock in shares of Class B Common Stock will be credited to each Director’s Stock Unit Account in the form of Stock Units in an amount determined by multiplying the number of Class B dividend shares payable to such Director by the closing price of the Class B Common Stock on the dividend payment date and dividing that product by the Stock Unit Value on such dividend payment date. A Director’s Stock Unit Account shall continue to be credited with dividends in the foregoing manner during the period beginning on the date of the Director’s Separation from Service and ending two days prior to the date on which the balance of the Director’s Stock Unit Account will be paid (whether the Director has elected to receive the distribution of his or her Stock Unit Account in a lump sum or in installment payments), in accordance with the terms of Article IV hereof, in satisfaction of all payments owed to the Director under the Plan. If adjustments are made to the outstanding shares of Hubbell Common Stock as a result of split-ups, recapitalizations, mergers, consolidations and the like, an appropriate adjustment also will be made in the number of Stock Units credited to the Director’s Stock Unit Account.

HUBBELL INCORPORATED - Form 10 Q - 4

3.6  

Hubbell shall credit, on the date Restricted Stock is granted, the Restricted Stock Unit Account of each Director with the number of Restricted Stock Units which is equal to the deferred portion of any Restricted Stock as to which an election to defer has been made. The Restricted Stock Units credited to the Restricted Stock Unit Account shall remain subject to the same vesting terms as they would otherwise have had pursuant to the terms of the applicable Equity Plan and award agreement, but for the election to defer such Restricted Stock (and, for the avoidance of doubt, shall be subject to forfeiture on the date that the shares of Restricted Stock that otherwise would have been granted would have been forfeited pursuant to their terms). Hubbell shall credit the Restricted Stock Unit Account of each Director who has elected to defer Restricted Stock with the number of Restricted Stock Units equal to any cash dividends (or the fair market value of dividends paid in property other than dividends payable in Common Stock of Hubbell) payable on the number of shares of Class B Common Stock represented by the number of Restricted Stock Units in each Director’s Restricted Stock Unit Account divided by the closing price of Hubbell’s Class B Common Stock as reported on the NYSE on the dividend payment date. Dividends payable on Class B Common Stock in shares of Class B Common Stock will be credited to each Director’s Restricted Stock Unit Account in the form of Restricted Stock Units. A Director’s Restricted Stock Unit Account shall continue to be credited with dividends in the foregoing manner during the period beginning on the date of the Director’s Separation from Service and ending two days prior to the date on which the balance of the Director’s Restricted Stock Unit Account will be paid (whether the Director has elected to receive the distribution of his or her Restricted Stock Unit Account in a lump sum or in installment payments), in accordance with the terms of Article IV hereof, in satisfaction of all payments owed to the Director under the Plan. If adjustments are made to the outstanding shares of Hubbell Common Stock as a result of split-ups, recapitalizations, mergers, consolidations and the like, an appropriate adjustment also will be made in the number of Restricted Stock Units credited to the Director’s Restricted Stock Unit Account.

3.7  

Units shall be computed to three decimal places.

3.8  

Units shall not entitle any person to rights of a stock holder with respect to such Units unless and until shares of Hubbell Class A Common Stock or Class B Common Stock have been issued to such person in respect of such Units pursuant to Article IV hereof. Notwithstanding the foregoing, no more than 2,431 shares of Class A Common Stock and 450,000 shares of Class B Common Stock may be issued as payment under the Plan.

3.9  

Hubbell shall not be required to acquire, reserve, segregate, or otherwise set aside shares of its Class A Common Stock or Class B Common Stock for the payment of its obligations under the Plan, but shall make available as and when required a sufficient number of its Class A Common Stock and Class B Common Stock to meet the needs of the Plan.

3.10  

Nothing contained herein shall be deemed to create a trust of any kind or any fiduciary relationship. To the extent that any person acquires a right to receive payments from Hubbell under the Plan, such right shall be no greater than the right of any unsecured general creditor of Hubbell.

ARTICLE IV  

PAYMENT OF DEFERRED COMPENSATION

4.1  

Unless otherwise provided for in this Plan, amounts contained in a Director’s Accounts will be distributed in a lump sum or in installment payments as the Director’s election (made pursuant to Sections 2.2 or 2.4) shall provide. Unless otherwise provided in Section 4.5, distributions shall begin pursuant to the Director’s election on either the six month anniversary of the Director’s Separation from Service or the fifth business day of the Year following the Director’s Separation from Service; and if installment distributions are elected each subsequent installment shall be made as of the fifth business day of the Year next following the Year in which payments commenced. Amounts credited to a Director’s Cash Account shall be paid in cash. Amounts credited to a Director’s Restricted Stock Unit Account shall be paid in the form of one share of Class B Common Stock for each Restricted Stock Unit. Amounts credited to a Director’s Stock Unit Account prior to July 7, 1988 (the “Cutoff Date”) shall be paid in the form of one share of Hubbell Class A Common Stock and one share of Class B Common Stock for each Stock Unit. Amounts credited to a Director’s Stock Unit Account on or after the Cutoff Date shall be paid in the form of (x) one share of Class B Common Stock for each Stock Unit, plus (y) the aggregate number of shares of Class B Common Stock equal to the total number of Stock Units in such Director’s Stock Unit Account, multiplied by the closing price of the Class A Common Stock as reported on the third business day preceding the date of payment, divided by the closing price of the Class B Common Stock as reported on NYSE on the third business day preceding the date of payment. A cash payment will be made with any final installment for any fractions of a Unit remaining in the Director’s Stock Unit Account or Restricted Stock Unit Account. Such fractional Units will be valued based on the closing prices of Hubbell’s Class A Common Stock and Class B Common Stock as reported on the NYSE on the date of settlement. Notwithstanding the foregoing to the contrary, in the event that payment of a Directors Stock Unit Account or Restricted Stock Unit Account in the form of Class A Common Stock or Class B Common Stock would cause the limits on the maximum number of shares which may be issued under the Plan under Section 3.8 to be exceeded, the Director’s Stock Unit Account shall be distributed first up to the maximum number of shares of Class A Common Stock and Class B Common Stock which would not exceed the limit, then the Director’s Restricted Stock Unit Account shall be distributed up to the maximum number of shares of Class B Common Stock which would not exceed the limit and then the balance thereof shall be distributed in cash.

4.2  

Each Director shall have the right to designate a beneficiary who is to succeed to his right to receive payments hereunder in the event of death. Any designated beneficiary will receive payments in the same manner as the Director if he had lived. In case of a failure of designation or the death of a designated beneficiary without a designated successor, the balance of the amounts contained in the Director’s Accounts shall be payable in accordance with Section 4.1 to the Director’s or former Director’s estate in full on the first day of the Year following the Year in which the Director or his designated beneficiary dies. No designation of beneficiary or change in beneficiary shall be valid unless in writing signed by the Director and filed with the Secretary of Hubbell. Any beneficiary may be changed without the consent of any prior beneficiary.

4.3  

Notwithstanding Section 4.1, all or a portion of a Director’s Accounts may be paid prior to Separation of Service with the approval of the Board upon the following events:

(a)  

To comply with a domestic relations order (as defined in Code Section 414(p)(1)(B));

(b)  

If the Internal Revenue Service, makes a determination that a Director is required to include in gross income the value of his Accounts, as soon as practicable following such determination Hubbell shall pay to the Director in a lump sum, the amount required to be included in the Director’s gross income.

(c)  

If the distributable balance of the Director’s Accounts is less than the amount applicable under Code Section 402(g) for the year in question, then notwithstanding any prior installment election, the balance of such Accounts shall be distributed in a lump sum.

(d)  

Upon the termination and liquidation of the Plan, the balance of the Directors Accounts shall be distributed in a lump sum twelve months following such termination and liquidation; provided that such termination or liquidation is not in connection with a downturn in the financial health of Hubbell and shall conform to the requirements of Treas. Reg. Section 1.409A-3(j)(4)(ix).

4.4  

Notwithstanding Sections 4.1, 4.5 or 7.3 to the contrary, if a Director is deemed at the time of his Separation from Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed commencement of payment of the Director’s Accounts is

HUBBELL INCORPORATED - Form 10 Q - 5

required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Director’s Accounts shall not be payable to the Director prior to the earlier of (a) the expiration of the six-month period measured from the date of the Director’s Separation from Service or (b) death. Upon the expiration of the applicable Code Section 409A(a)(2)(B)(i) deferral period, all payments deferred pursuant to this Section 4.4 shall be paid in a lump sum to the Director, plus interest thereon from the date of the Executive’s Separation from Service through the payment date at a rate equal to the prime rate of interest as reported in the Wall Street Journal from time to time. Any remaining payments shall be paid as otherwise provided under Section 4.1, 4.5 or 7.3.

4.5  

A Director may elect on or prior to December 31, 2008 to commence receiving his Retirement Benefit Account in a lump sum or in installments on either the six month anniversary or the fifth business day of the Year following the date on which the Director attains age 70, regardless of whether or not such Director has incurred a Separation from Service, provided, however, that if a Director has attained age 70 on or before December 31, 2008, then such Retirement Benefit Account shall not commence prior to the first business day of 2009; provided, further, that if installment distributions are elected each subsequent installment shall be made as of the fifth business day of the Year following the Year in which payments commenced. That portion of the Director’s Retirement Benefit Account that is invested in Stock Units shall be valued as provided in Section 4.1.

4.6  

One Time Withdrawal Election. Notwithstanding anything contained in this Plan to the contrary, a Director may prior to December 31, 2008 file a one-time election to have all or any portion of the balance of his Accounts as of December 31, 2008 (plus interest and dividend equivalents thereon) distributed and paid out to him in a lump sum on the fifth business day of January 2009 (the “Payment Date”). Such election shall include whether such distribution will be from amounts credited to the Cash Account or the Stock Unit Account. The Directors’ Stock Unit Account shall be paid out in shares of Class A Common Stock, Class B Common Stock or cash as provided in Section 4.1. Any election under this Section 4.6 shall not apply to any amounts credited to a Director’s Account for Fees for services in 2009. An election to receive a partial distribution of a Director’s deferred compensation account under this Section 4.6, shall not impact a Director’s election as to the manner or date of payment of the remaining portion of the Director’s Accounts.

ARTICLE V  

ADMINISTRATION

5.1  

The general administration of this Plan and the responsibility for carrying out the provisions hereof shall be vested in the Compensation Committee. The Compensation Committee may adopt, subject to the approval of the Board, such rules and regulations as it may deem necessary for the proper administration of this Plan, and its decision in all matters shall be final, conclusive and binding.

5.2  

The books and records to be maintained for the purpose of the Plan shall be maintained by Hubbell at its expense. All expenses of administering the Plan shall be paid by Hubbell.

5.3  

Except to the extent required by law, the right of any Director or any beneficiary to any benefit or to any payment hereunder shall not be subject in any manner to attachment or other legal process for the debts of such Director or beneficiary; and any such benefit or payment shall not be subject to alienation, sale, transfer, assignment or encumbrance.

5.4  

No member of the Board and no officer or employee of Hubbell shall be liable to any person for any action taken or omitted in connection with the administration of the Plan unless attributable to his own fraud or willful misconduct, and Hubbell shall not be liable to any person for any such action unless attributable to fraud or willful misconduct on the part of a Director, officer or employee of Hubbell.

5.5  

To the extent applicable, this Plan shall be interpreted in accordance with Code Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder. If the Compensation Committee determines that any compensation or benefits payable under this Plan do not comply with Code Section 409A and related Department of Treasury guidance, the Board may amend this Plan or adopt other policies or procedures (including amendments, policies and procedures with retroactive effect), or take such other actions as the Board deems necessary or appropriate to comply with the requirements of Code Section 409A and related Department of Treasury guidance; provided that no such amendment shall be effective without the Director’s consent unless it preserves the Director’s economic benefit prior to such amendment.

ARTICLE VI  

AMENDMENT OF PLAN

6.1  

Subject to any shareholder approval which may be required by law or the requirements of any stock exchange on which Hubbell’s Class A or Class B Common Stock is then listed, the Plan may be amended, suspended or terminated in whole or in part from time to time by the Board, except no amendment, suspension, or termination shall apply to the payment to any Director or beneficiary of a deceased Director of an amount previously credited to a Director’s Accounts, without the Director’s consent.

6.2  

Notice of every such amendment shall be given in writing to each Director and beneficiary of a deceased director.

6.3  

Notwithstanding any other provision of the Plan to the contrary:

(a)  

no amendment or action by the Board which adversely affects any Director under the Plan will be valid and enforceable without the prior written consent of such Director;

(b)  

no termination of the Plan shall have the effect of reducing any amounts credited to a Director’s Accounts.

HUBBELL INCORPORATED - Form 10 Q - 6

ARTICLE VII  

CHANGE OF CONTROL

7.1  

Notwithstanding any election under Section 2.2 to the contrary, upon the occurrence of a Change of Control the amounts credited to a Director’s Accounts shall be paid in cash lump sum, with the Director’s Stock Unit Account being converted into cash on the date of the Change of Control.

7.2  

A Director’s Stock Unit Account shall be converted into cash by converting each Stock Unit into the right to receive an amount of cash equal to the highest of the product of (a) the number of Stock Units held in the Stock Unit Account multiplied by (b) (i) the per share amount payable to a shareholder of Hubbell holding one share of Hubbell Class A Common Stock and one share of Hubbell Class B Common Stock in the Change of Control or (ii) the sum of the closing prices of one share of Hubbell Class A Common Stock and one share of Hubbell Class B Common Stock, applicable, on the NYSE on that day on which the aggregate of such closing prices was the highest, during the 60 days preceding the date on which the Change of Control occurs.

7.3  

A Director’s Restricted Stock Unit Account shall be converted into cash by converting each Restricted Stock Unit into the right to receive an amount of cash equal to the highest of the product of (a) the number of Restricted Stock Units held in the Restricted Stock Unit Account multiplied by (b) (i) per share amount payable to a shareholder of Hubbell holding one share of Hubbell Class B Common Stock in the Change of Control or (ii) the closing price of one share of Hubbell Class B Common Stock on the NYSE on that day on which such closing price was the highest, during the 60 days preceding the date on which the Change of Control occurs.

7.4  

If the Board, in its discretion, determines that a Change in Control is likely to occur, then Hubbell shall deposit the estimated cash equivalent of the Directors’ Accounts into an irrevocable grantor trust to be held for the benefit of the Directors under this Plan. In determining the cash value of Director’s Stock Unit Accounts and Restricted Stock Unit Accounts, for this purpose, the value of a Stock Unit shall be estimated in accordance with Section 7.2 and the value of a Restricted Stock Unit shall be estimated in accordance with Section 7.3, in each case assuming that the Change of Control occurred on such date and using a per share amount which the Board estimates is likely to be paid to shareholders in the Change of Control for purposes of Section 7.2(b)(i). Any assets of such trust shall be subject to the claims of creditors of Hubbell to the extent set forth in the trust, and Directors’ interests in benefits under this Plan shall only be those of unsecured creditors of Hubbell. To the extent the actual value of the Stock Unit Account and Restricted Stock Unit Account upon the Change of Control is less than estimated by the Board, then such excess shall be returned to Hubbell, or used to pay expenses of such trust. Notwithstanding the foregoing, the Company is not required to fund any trust for the benefit of the Eligible Directors if such funding would result in taxation to the Eligible Directors under Section 409A of the Code.

7.5  

Following a Change of Control all references to “Compensation Committee” in Section 9.3 are deleted and in lieu thereof is inserted the phrase “trustee under the trust, created pursuant to Section 7.4.”

7.6  

A Director’s Accounts shall be paid within thirty (30) days following the Change of Control.

ARTICLE VIII  

EFFECTIVE DATE

8.1  

This Plan was originally adopted by the Board of Directors on December 12, 1978 and amended on December 14, 1982, December 9, 1986, June 14, 1989, June 20, 1991, December 8, 1999 and January 1, 2005. The provisions of this Plan as set forth in this document are effective as of December 21, 2011 and apply to Directors who were or become members of the Board of Directors on and after December 21, 2011, and all fees deferred under this Plan, whether occurring prior to, on or after December 21, 2011. Directors who had a Separation from Service prior to December 21, 2011 shall have their Accounts paid in accordance with the provisions of the Plan as in effect on the date of their Separation from Service.

ARTICLE IX  

MISCELLANEOUS PROVISIONS

9.1  

This Plan does not in any way obligate Hubbell to continue to retain a Director on the Board, nor does this Plan limit the right of Hubbell to terminate a Director’s service on the Board.

9.2  

No amounts payable hereunder may be assigned, pledged, mortgaged or hypothecated and to the extent permitted by law, no such amounts shall be subject to legal process or attachment for the payment of any claims against any person entitled to receive the same.

9.3  

If a Director entitled to receive any payments of his Accounts under the terms of this Plan is deemed by the Compensation Committee or is adjudged by a court of competent jurisdiction to be legally incapable of giving valid receipt and discharge for such retirement benefit, such payments shall be paid to such person or persons as the Compensation Committee shall designate or to the duly appointed guardian of such Eligible Director. Such payments shall, to the extent made, be deemed a complete discharge for such payments under this Plan.

9.4  

Payments made by Hubbell under this Plan to any Eligible Director shall be subject to withholding as shall, at the time for such payment, be required under any income tax or other laws, whether of the United States or any other jurisdiction.

9.5  

The provisions of this Plan will be construed according to the laws of the State of Connecticut, excluding the provisions of any such laws that would require the application of the laws of another jurisdiction.

9.6  

The masculine pronoun wherever used herein shall include the feminine gender and the feminine the masculine and the singular number as used herein shall include the plural and the plural the singular unless the context clearly indicates a different meaning.

9.7  

The titles to articles and headings of sections of this Plan are for convenience of reference only and in case of any conflict, the text of the Plan, rather than such titles and headings, shall control.

9.8  

Directors and their beneficiaries, heirs, successors and assigns shall have no legal or equitable rights, interests or claims in any property or assets of Hubbell. For purposes of the payment of benefits under this Plan, any and all of Hubbell’s assets shall be, and remain, the general, unpledged unrestricted assets of Hubbell. Hubbell’s obligation under the Plan shall be merely that of an unfunded and unsecured promise to pay money in the future.

HUBBELL INCORPORATED - Form 10 Q - 7

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Pension (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Pension Benefits [Member]
Components of net periodic benefit cost [Line Items]
Service cost	$ 4.0	$ 4.2
Interest cost	9.1	9.0
Expected return on plan assets	(11.7)	(10.0)
Amortization of prior service cost	0	0.1
Amortization of actuarial losses/(gains)	3.6	4.2
Net periodic benefit cost	5.0	7.5
Other Benefits [Member]
Components of net periodic benefit cost [Line Items]
Service cost	0	0
Interest cost	0.2	0.3
Expected return on plan assets	0	0
Amortization of prior service cost	(0.2)	0
Amortization of actuarial losses/(gains)	0	(0.2)
Net periodic benefit cost	0	0.1
Foreign Plan [Member]
Components of net periodic benefit cost [Line Items]
Contribution to defined benefit pension plans	0.7
Defined Benefit Plan Estimated Total Employer Contributions In Current Fiscal Year	3.3
Domestic Plan [Member]
Components of net periodic benefit cost [Line Items]
Contribution to defined benefit pension plans	$ 0

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Other Accrued Liabilities (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Other Accrued Liabilities Current [Abstract]
Deferred revenue	$ 17.2	$ 16.4
Customer incentive programs	18.3	34.7
Accrued Income Taxes Current	17.4	14.1
Other	61.7	54.1
Accrued Liabilities Current	$ 114.6	$ 119.3

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Three Months Ended
		March 31
		2013		2012
Numerator:
	Net income attributable to Hubbell	$	65.9	$	63.2
	Less: Earnings allocated to participating securities		0.2		0.2
	Net income available to common shareholders	$	65.7	$	63.0
Denominator:
	Average number of common shares outstanding		59.1		59.2
	Potential dilutive shares		0.5		0.7
	Average number of diluted shares outstanding		59.6		59.9
Earnings per share:
	Basic	$	1.11	$	1.06
	Diluted	$	1.10	$	1.05

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Accumulated Other Comprehensive Loss (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (119.1)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(8.0)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2.1
Other Comprehensive Income (Loss), Net of Tax	(5.9)
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	(125.0)
Cash flow hedge before reclassification	0.5
Cash flow hedge reclassification, net of tax	(0.1)
Cash Flow Hedge Period OCI	0.4
Cash Flow Hedge AOCI Balance, Net Of Tax	(0.1)		(0.5)
Pension before reclassification	0
Pension OPEB Reclassification, Net of Tax	2.2
Pension OPEB Period OCI	2.2
Pension OPEB AOCI Balance, Net Of Tax	(127.9)		(130.1)
Available For Sale OCI Before Reclassification	0
Available For Sale Reclassification, Net of Tax	0
Available For Sale Period OCI	0
Available For Sale AOCI Balance, Net Of Tax	0.7		0.7
CTA Before Reclassification	(8.5)
CTA Period OCI	(8.5)
CTA AOCI Balance, Net Of Tax	2.3		10.8
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax [Abstract]
Cost of good sold	(503.8)	(489.7)
Interest expense, net	(7.3)	(7.2)
Other (expense) income, net	0.8	0.1
Income before income taxes	91.2	94.6
Provision for income taxes	(24.4)	(31.0)
Net income	66.8	63.6
Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedges [Member]
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax [Abstract]
Cost of good sold	0.1
Income before income taxes	0.1
Provision for income taxes	0
Net income	0.1
Accumulated Defined Benefit Plans Adjustment [Member]
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax [Abstract]
Pension Gain Loss Amort Before Tax	(3.6)
Pension Service Cost Amort Before Tax	0.2
Income before income taxes	(3.4)
Provision for income taxes	1.2
Net income	(2.2)
Reclassification Out Of Accumulated Other Comprehensive Income Member [Member]
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax [Abstract]
Net income	$ (2.1)

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Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note3— Segment Information

The Company's reporting segments consist of the Electrical segment and the Power segment. The following table sets forth financial information by business segment (in millions):

										Operating Income
		Net Sales				Operating Income				as a % of Net Sales
		2013		2012		2013		2012		2013	2012
Three Months Ended March 31,
Electrical		$	515.3	$	505.1	$	61.6	$	63.8	12.0%	12.6%
Power			224.8		218.7		36.1		37.9	16.1%	17.3%
	Total	$	740.1	$	723.8	$	97.7	$	101.7	13.2%	14.1%

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Business Acquisitions (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Business Acquisition [Line Items]
Intangible assets	$ 10.9
Goodwill	19.3
Total cash consideration	$ 37.5
Finite-Lived Intangible Assets, Useful Life	20 years

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Fair Value (Tables)

3 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Asset (Liability)		Quoted Prices in Active Markets for Identical Assets (Level 1)		Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
March 31, 2013
Money market funds (a)		$	404.2	$	-	$	404.2
Available for sale investments			44.8		-		44.8
Trading securities			6.7		-		6.7
Deferred compensation plan liabilities			(6.7)		-		(6.7)
Derivatives:
	Forward exchange contracts		-		0.5		0.5
		$	449.0	$	0.5	$	449.5
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
December 31, 2012
Money market funds (a)		$	423.6	$	-	$	423.6
Available for sale investments			39.7		-		39.7
Trading securities			5.8		-		5.8
Deferred compensation plan liabilities			(5.8)		-		(5.8)
Derivatives:
	Forward exchange contracts		-		(0.2)		(0.2)
		$	463.3	$	(0.2)	$	463.1
(a) Money market funds are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheet.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

	Asset/(Liability) Derivatives
			Fair Value
Derivatives designated as hedges	Balance Sheet Location	March 31, 2013		December 31, 2012
Forward exchange contracts designated as cash flow hedges	Other accrued liabilities	$	(0.1)	$	(0.2)
Forward exchange contracts designated as cash flow hedges	Deferred taxes and other		0.6		-
		$	0.5	$	(0.2)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Gain/(Loss) Reclassified into Earnings (Effective Portion)

	Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss (net of tax)					Gain/(Loss) Reclassified into Earnings (Effective Portion)
Derivative Instrument		2013		2012	Location of Gain/(Loss) Reclassified into Income (Effective Portion)		2013		2012
Forward exchange contract	$	0.5	$	(0.2)	Cost of goods sold	$	0.1	$	0.1

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Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Segment Reporting Information [Line Items]
Net Sales	$ 740.1	$ 723.8
Operating Income	97.7	101.7
Operating Income as a % of Net Sales	13.20%	14.10%
Electrical [Member]
Segment Reporting Information [Line Items]
Net Sales	515.3	505.1
Operating Income	61.6	63.8
Operating Income as a % of Net Sales	12.00%	12.60%
Power [Member]
Segment Reporting Information [Line Items]
Net Sales	224.8	218.7
Operating Income	$ 36.1	$ 37.9
Operating Income as a % of Net Sales	16.10%	17.30%

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Inventory (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Inventory, Net Disclosure [Abstract]
Raw Materials	$ 119.5	$ 118.4
Work in Process	82.6	81.8
Finished Goods	233.5	226.5
Inventory Subtotal	435.6	426.7
Excess of FIFO over LIFO cost basis	(85.0)	(85.0)
Inventories, Net	$ 350.6	$ 341.7

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Business Acquisitions

3 Months Ended

Mar. 31, 2013

Business Acquisitions [Abstract]

Business Acquisitions Disclosure [Text Block]

Note 2— Business Acquisitions

During the first quarter of 2013, the Company completed the acquisition of the majority of the net assets of Continental Industries, Inc. (“Continental”) for $37.5 million, net of cash received. Continental produces high quality exothermic welding and connector products. This acquisition has been added to the Electrical segment and has resulted in the recognition of intangible assets of $10.9 million and goodwill of $19.3 million. The $10.9 million of intangible assets consists primarily of customer relationships andtradenamesthat will be amortized over a weighted average period of approximately 20 years. The goodwill relates to a number of factors built into the purchase price, including the future earnings and cash flow potential of the businesses as well as the complementary strategic fit and resulting synergies it brings to the Company's existing operations. All of the goodwill is expected to be deductible for tax purposes.

The Condensed Consolidated Financial Statements include the results of operations of Continental from the date of acquisition. Net sales and earnings related to this acquisition for thethree months ended March 31, 2013 were not significant to the consolidated results. Pro forma information related to this acquisition has not been included because the impact to the Company's consolidated results of operations was not material.

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Goodwill and Intangible (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Goodwill Roll Forward
Goodwill, Beginning Balance	$ 755.5
Goodwill Acquired	19.3
Translation adjustments	(2.4)
Goodwill, Ending Balance	772.4
Payments To Acquire Businesses Net Of Cash Acquired	37.5	10.9
Other Intangible Assets [Line Items]
Gross Amount Finite Intangible	326.0		315.5
Gross Amount Indefinite Lived Intangible	56.3		56.4
Total Gross Other Intangible Assets	382.3		371.9
Accumulated Amortization Intangible	(88.3)		(83.8)
Finite-Lived Intangible Assets, Future Amortization Expense, Current and Five Succeeding Fiscal Years [Abstract]
Year to date amortization expense	4.9	4.2
Future Amortization Expense, Remainder of Fiscal Year	14.4
Future Amort Yr1	18.6
Future Amort Yr2	17.0
Future Amort Yr3	16.4
Future Amort Yr4	15.0
Future Amort Yr5	13.6
Tradenames Other [Member]
Other Intangible Assets [Line Items]
Gross Amount Indefinite Lived Intangible	56.3		56.4
Patents Tradenames Trademarks [Member]
Other Intangible Assets [Line Items]
Gross Amount Finite Intangible	106.7		102.8
Accumulated Amortization Intangible	(24.2)		(23.0)
Customer Relationships [Member]
Other Intangible Assets [Line Items]
Gross Amount Finite Intangible	219.3		212.7
Accumulated Amortization Intangible	(64.1)		(60.8)
Electrical [Member]
Goodwill Roll Forward
Goodwill, Beginning Balance	474.6
Goodwill Acquired	19.3
Translation adjustments	(2.7)
Goodwill, Ending Balance	491.2
Power [Member]
Goodwill Roll Forward
Goodwill, Beginning Balance	280.9
Goodwill Acquired	0
Translation adjustments	0.3
Goodwill, Ending Balance	$ 281.2

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Guarantees (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Guarantees [Abstract]
Guarantor Obligations, Maximum Exposure, Undiscounted
Guarantor Obligations, Current Carrying Value	0
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning Balance Warranty Accrual	7.0
Provision	2.1
Standard Product Warranty Expenditures And Other	(1.9)
Ending Balance Warranty Accrual	$ 7.2

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Condensed Consolidated Statement of Income (Unaudited) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statement of Income [IncomeStatement]
Net Sales	$ 740.1	$ 723.8
Cost of good sold	503.8	489.7
Gross Profit	236.3	234.1
Selling & administrative expenses	138.6	132.4
Operating income	97.7	101.7
Interest expense, net	(7.3)	(7.2)
Other (expense) income, net	0.8	0.1
Total other expense, net	(6.5)	(7.1)
Income before income taxes	91.2	94.6
Provision for income taxes	24.4	31.0
Net income	66.8	63.6
Less: Net income attributable to noncontrolling interest	0.9	0.4
Net income attributable to Hubbell	$ 65.9	$ 63.2
Earnings Per Share Disclosure [Abstract]
Basic	$ 1.11	$ 1.06
Diluted	$ 1.10	$ 1.05
Cash dividends per common share	$ 0.45	$ 0.41

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Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statement Of Cash Flows [Abstract]
Net income	$ 66.8	$ 63.6
Adjustments to reconcile net income to net cash provided by operating activities:[Abstract]
Depreciation and amortization	17.2	16.2
Deferred income taxes	4.3	5.4
Stock-based compensation	3.0	2.8
Tax benefit on stock-based awards	(4.4)	(8.6)
Changes in assets and liabilities:[Abstract]
Increase in accounts receivable, net	(33.5)	(21.2)
Increase in inventories, net	(7.0)	(15.4)
(Decrease) increase in current liabilities	(7.4)	(2.0)
Changes in other assets and liabilities, net	4.8	6.4
Pension Contributions	(0.7)	(0.6)
Other, net	(0.4)	(1.5)
Net cash provided by operating activities	42.7	45.1
Cash Flows from Investing Activities [Abstract]
Capital expenditures	(13.0)	(11.4)
Acquisition of businesses, net of cash acquired	(37.5)	(10.9)
Purchases of available-for-sale investments	(7.3)	(2.4)
Proceeds from available-for-sale investments	1.8	2.9
Other, net	0.2	5.5
Net cash used in investing activities	(55.8)	(16.3)
Cash Flows from Financing Activities [Abstract]
Short-term debt borrowings	0	(2.6)
Payment of dividends	(26.7)	(22.4)
Payment of dividends to noncontrolling interest	(0.4)	(0.4)
Acquisition of common shares	0	(42.1)
Proceeds from exercise of stock options	0.8	18.3
Tax benefit on stock-based awards	4.4	8.6
Other, net	0.2	0
Net cash used in financing activities	(21.7)	(40.6)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(4.0)	4.6
(Decrease) increase in cash and cash equivalents	(38.8)	(7.2)
Cash and cash equivalents [Abstract]
Beginning of period	645.0	569.6
End of period	$ 606.2	$ 562.4

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Equity II (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning of period	$ 1,667.9	$ 1,473.5
Total comprehensive income	60.9	78.3
Stock-based compensation	2.8	2.8
Stock Options Exercised	0.8	18.3
Income tax windfall from stock-based awards, net	4.4	8.6
Acquisition and surrender of common shares	(5.8)	(49.8)
Issuance of shares related to director's deferred compensation	0.1	0.2
Dividends to noncontrolling interest	(0.4)	(0.4)
Cash dividends declared	(26.7)	(24.4)
Equity, end of period	1,704.0	1,507.1
Hubbell Shareholders Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning of period	1,661.2	1,467.8
Total comprehensive income	60.0	77.9
Stock-based compensation	2.8	2.8
Stock Options Exercised	0.8	18.3
Income tax windfall from stock-based awards, net	4.4	8.6
Acquisition and surrender of common shares	(5.8)	(49.8)
Issuance of shares related to director's deferred compensation	0.1	0.2
Dividends to noncontrolling interest		0
Cash dividends declared	(26.7)	(24.4)
Equity, end of period	1,696.8	1,501.4
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning of period	6.7	5.7
Total comprehensive income	0.9	0.4
Stock-based compensation	0	0
Stock Options Exercised	0	0
Income tax windfall from stock-based awards, net	0	0
Acquisition and surrender of common shares	0	0
Issuance of shares related to director's deferred compensation	0	0
Dividends to noncontrolling interest	(0.4)	(0.4)
Cash dividends declared	0	0
Equity, end of period	$ 7.2	$ 5.7

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Other Accrued Liabilities (Table)

3 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

	March 31, 2013		December 31, 2012
Customer program incentives	$	18.3	$	34.7
Accrued income taxes		17.4		14.1
Deferred revenue		17.2		16.4
Other		61.7		54.1
	$	114.6	$	119.3

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Equity (parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Common Stock Number Of Shares Par Value And Other Disclosures Abstract
Common Stock Par Value Per Share	$ 0.01	$ 0.01
Class A Common Stock
Class Of Stock [Line Items]
Common Stock Shares Authorized	50.0	50.0
Common Stock Shares Outstanding	7.2	7.2
Class B Common Stock
Class Of Stock [Line Items]
Common Stock Shares Authorized	150.0	150.0
Common Stock Shares Outstanding	52.2	52.1

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Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income Loss [Abstract]

Schedule Of Accumulated Other Comprehensive Income Loss [TableTextBlock]

(debit) credit				Cash flow hedge loss		Unrealized gain on available-for-sale securities		Pension and post retirement benefit plan adjustment		Cumulative translation adjustment		Total
Balance at December 31, 2012			$	(0.5)	$	0.7	$	(130.1)	$	10.8	$	(119.1)
	Other comprehensive (loss) income before
		reclassifications		0.5		-		-		(8.5)		(8.0)
	Amounts reclassified from accumulated
		other comprehensive loss		(0.1)		-		2.2		-		2.1
	Current period other comprehensive (loss) income			0.4		-		2.2		(8.5)		(5.9)
Balance at March 31, 2013			$	(0.1)	$	0.7	$	(127.9)	$	2.3	$	(125.0)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

Details about Accumulated Other Comprehensive Loss Components			Gain (loss) Reclassified		Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss):
	Forward exchange contracts	$	0.1		Cost of goods sold
			0.1		Total before tax
			-		Tax (expense) benefit
		$	0.1		Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
	Prior-service costs	$	0.2	(a)
	Actuarial gains/(losses)		(3.6)	(a)
			(3.4)		Total before tax
			1.2		Tax benefit (expense)
		$	(2.2)		(Loss) gain net of tax
Losses reclassified into earnings		$	(2.1)		(Loss) gain net of tax
(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 10 - Pension and Other Benefits for additional details).

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Basis of Presentation

3 Months Ended

Mar. 31, 2013

Basis of Presentation And Accounting Pronouncements Disclosure [Abstract]

Basis of Presentation And Accounting Pronouncement [Text Block]

Note1— Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of Hubbell Incorporated (“Hubbell”, the “Company”, “registrant”, “we”, “our” or “us”, which references shall include its divisions and subsidiaries) have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S.”) for complete financial statements. In the opinion of management, all adjustmentsconsisting only of normal recurring adjustmentsconsidered necessary for a fair statement of the results of the periods presented have been included. Operating results for the three months ended March 31, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.

The balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the U.S. for complete financial statements.

For further information, refer to the consolidated financial statements and footnotes thereto included in the Hubbell Incorporated Annual Report on Form 10-K for the year ended December 31, 2012.

Recent Accounting Pronouncements

In December 2011, the FASB amended the disclosure requirements regarding offsetting assets and liabilities of derivatives, sale and repurchase agreements, reverse sale and repurchase agreements and securities borrowing and securities lending arrangements. The enhanced disclosures will require entities to provide both gross and net information for these assets and liabilities. This amendment was adopted by the Company effective January 1, 2013 and did not have a material impact on its financial statements.

In July 2012, the FASB amended its guidance related to testing indefinite-lived intangible assets other than goodwill for impairment. An entity has the option of performing a qualitative assessment before calculating the fair value of the asset. If the entity determines, on the basis of certain qualitative factors, that it is more likely than not that the asset is not impaired, the entity would not need to calculate the fair value of the asset. The Company performs the annual indefinite-lived intangible impairment analysis during the fourth quarter of the year and the adoption of the standard effective January 1, 2013 did not have an impact on the Company's financial statements.

In February 2013, the FASB amended the disclosure requirements regarding the reporting of amounts reclassified out of accumulated other comprehensive income. The amendment does not change the current requirement for reporting net income or other comprehensive income, but requires additional disclosures about significant amounts reclassified out of accumulated other comprehensive income including the effect of the reclassification on the related net income line items. This amendment was adopted prospectively by the Company effective January 1, 2013. See also Note 8 - Accumulated Other Comprehensive Loss.

In March 2013, the FASB amended guidance related to a parent company's accounting for the release of the cumulative translation adjustment into net income upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance is effective for fiscal periods beginning after December 15, 2013, and is to be applied prospectively to derecognition events occurring after the effective date. The Company does not anticipate the adoption of this amendment will have a material impact on its financial statements.

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Condensed Consolidated Statement of Comprehensive Income (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statement of Comprehensive Income [Abstract]
Net income	$ 66.8	$ 63.6
Foreign currency translation adjustments	(8.5)	12.5
Amortization of net prior service costs and net actuarial losses, net of tax	2.2	2.7
Change in unrealized gains on investments, net of tax	0	(0.2)
Change in unrealized (losses) gains on cash flow hedges, net of tax	0.4	(0.3)
Other Comprehensive Income	(5.9)	14.7
Total comprehensive income	60.9	78.3
Less: Comprehensive income attributable to noncontrolling interest	0.9	0.4
Comprehensive income attributable to Hubbell	$ 60.0	$ 77.9

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Guarantees

3 Months Ended

Mar. 31, 2013

Standard Product Warranty Disclosure [Abstract]

Product Warranty Disclosure [Text Block]

Note 11— Guarantees

The Company accrues for costs associated with guarantees when it is probable that a liability has been incurred and the amount can be reasonably estimated. The most likely costs to be incurred are accrued based on an evaluation of currently available facts and, where no amount within a range of estimates is more likely, the minimum is accrued.

The Company records a liability equal to the fair value of guarantees in the Condensed Consolidated Balance Sheet in accordance with the guarantees accounting guidance.As of March 31, 2013, the fair value and maximum potential payment related to the Company's guarantees were not material.

The Company offers product warranties which cover defects on most of its products. These warranties primarily apply to products that are properly installed, maintained and used for their intended purpose. The Company accrues estimated warranty costs at the time of sale. Estimated warranty expenses, recorded in cost of goods sold, are based upon historical information such as past experience, product failure rates, or the number of units to be repaired or replaced. Adjustments are made to the product warranty accrual as claims are incurred, additional information becomes known or as historical experience indicates.

Changes in the accrual for product warranties during the three months ended March 31, 2013 are set forth below (in millions):

Balance at December 31, 2012	$	7.0
Provision		2.1
Expenditures/other		(1.9)
Balance at March 31, 2013	$	7.2

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Document and Entity Information	3 Months Ended
	Mar. 31, 2013	Apr. 16, 2013 Class A Common Stock	Apr. 16, 2013 Class B Common Stock
Class Of Stock [Line Items]
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
Amendment Flag	false
Entity Registrant Name	HUBBELL INCORPORATED
Entity Central Index Key	0000048898
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock Shares Outstanding		7,167,506	52,188,953
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1

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Fair Value Measurement

3 Months Ended

Mar. 31, 2013

Fair Value Financial Instruments Disclosure [Abstract]

Fair Value Financial Instruments Disclosures [Text Block]

Note 12— Fair Value Measurement

Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The FASB fair value measurement guidance established a fair value hierarchy that prioritizes the inputs used to measure fair value. The three broad levels of the fair value hierarchy are as follows:

Level 1–Quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2–Quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly

Level 3–       Unobservable inputs for which little or no market data exists, therefore requiring a company to develop its own assumptions

The following table shows, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis atMarch 31, 2013 and December 31, 2012 (in millions):

Asset (Liability)		Quoted Prices in Active Markets for Identical Assets (Level 1)		Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
March 31, 2013
Money market funds (a)		$	404.2	$	-	$	404.2
Available for sale investments			44.8		-		44.8
Trading securities			6.7		-		6.7
Deferred compensation plan liabilities			(6.7)		-		(6.7)
Derivatives:
	Forward exchange contracts		-		0.5		0.5
		$	449.0	$	0.5	$	449.5
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
December 31, 2012
Money market funds (a)		$	423.6	$	-	$	423.6
Available for sale investments			39.7		-		39.7
Trading securities			5.8		-		5.8
Deferred compensation plan liabilities			(5.8)		-		(5.8)
Derivatives:
	Forward exchange contracts		-		(0.2)		(0.2)
		$	463.3	$	(0.2)	$	463.1
(a) Money market funds are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheet.

The methods and assumptions used to estimate the Level 2 fair values were as follows:

Forward exchange contracts – The fair value of forward exchange contracts were based on quoted forward foreign exchange prices at the reporting date.

During the three months endedMarch 31, 2013there were no transfers of financial assets or liabilities in or out of Level 1 or Level 2 of the fair value hierarchy. During the three months ended March 31, 2013 and as of December 31, 2012, the Company did not have any financial assets or liabilities that fell within the Level 3 hierarchy.

Investments

At March 31, 2013 and December 31, 2012, the Company had $44.8million and $39.7 million, respectively, of municipal bonds classified as available-for-sale securities. The Company also had $6.7 million and$5.8 million of trading securities at March 31, 2013 and December 31, 2012, respectively. These investments are carried on the balance sheet at fair value. Unrealized gains and losses associated with available-for-sale securities are reflected in Accumulated other comprehensive loss, net of tax, while unrealized gains and losses associated with trading securities are reflected in the results of operations.

Deferred compensation plans

The Company offers certain employees the opportunity to participate in non-qualified deferred compensation plans. A participant's deferrals are invested in a variety of participant-directed debt and equity mutual funds that are classified as trading securities. During the three months ended March 31, 2013 and 2012, the Company purchased $0.8 and$1.2 million, respectively,of trading securities related to these deferred compensation plans. The unrealized gains and losses associated with these trading securities are directly offset by the changes in the fair value of the underlying deferred compensation plan obligation.

Derivatives

In order to limit financial risk in the management of its assets, liabilities and debt, the Company may use derivative financial instruments such as foreign currency hedges, commodity hedges, interest rate hedges and interest rate swaps. All derivative financial instruments are matched with an existing Company asset, liability or forecasted transaction. Market value gains or losses on the derivative financial instrument are recognized in income when the effects of the related price changes of the underlying asset, liability or forecasted transaction are recognized in income.

The fair values of derivative instruments in the Condensed Consolidated Balance Sheet are as follows (in millions):

	Asset/(Liability) Derivatives
			Fair Value
Derivatives designated as hedges	Balance Sheet Location	March 31, 2013		December 31, 2012
Forward exchange contracts designated as cash flow hedges	Other accrued liabilities	$	(0.1)	$	(0.2)
Forward exchange contracts designated as cash flow hedges	Deferred taxes and other		0.6		-
		$	0.5	$	(0.2)

Forward exchange contracts

In 2013 and 2012, the Company entered into a series of forward exchange contracts to purchase U.S. dollars in order to hedge its exposure to fluctuating rates of exchange on anticipated inventory purchases by one of its Canadian subsidiaries. As of March 31, 2013, the Company had18 individual forward exchange contracts for$1.0 million each, which have various expiration dates through March 2014. These contracts have been designated as cash flow hedges in accordance with the accounting guidance for derivatives.

Interest rate locks

Prior to the issuance of long-term notes in 2010 and 2008, the Company entered into forward interest rate locks to hedge its exposure to fluctuations in treasury rates. The 2010 interest rate lock resulted in a $1.6 million loss while the 2008 interest rate lock resulted in a $1.2 million gain. These amounts were recorded in Accumulated other comprehensive loss, net of tax, and are being amortized over the life of the respective notes. The amortization associated with these interest rate locks is reclassified from Accumulated other comprehensive loss to Interest expense, net in the Condensed Consolidated Statement of Income. Theamortization reclassification for the three months endedMarch 31, 2013 and 2012 was not material. As of bothMarch 31, 2013 and December 31, 2012there was $0.4 millionof net unamortized losses reflected in accumulated other comprehensive loss.

The following table summarizes the results of cash flow hedging relationships for the three months ended March 31, 2013 and 2012 (in millions):

	Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss (net of tax)					Gain/(Loss) Reclassified into Earnings (Effective Portion)
Derivative Instrument		2013		2012	Location of Gain/(Loss) Reclassified into Income (Effective Portion)		2013		2012
Forward exchange contract	$	0.5	$	(0.2)	Cost of goods sold	$	0.1	$	0.1

There was no hedge ineffectiveness with respect to the forward exchange cash flow hedges during the three months endedMarch 31, 2013 and 2012.

Long-term Debt

The total carrying value of long-term debt as of March 31, 2013 and December 31, 2012was $596.8 million and $596.7 million, respectively, net of unamortized discount. As of March 31, 2013 and December 31, 2012, the estimated fair value of the long-term debt was $679.1millionand $682.7 million, respectively, based on quoted market prices.

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Condensed Consolidated Statement of Comprehensive Income (parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statement of Comprehensive Income (parenthetical) [Abstract]
Adjustment to pension and other benefit plans tax impact	$ 1.2	$ 1.5
Unrealized gain or loss on investment tax impact	0	(0.1)
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax	$ 0.2	$ (0.1)

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Other Accrued Liabilities

3 Months Ended

Mar. 31, 2013

Other Accrued Liabilities [Abstract]

Other Accrued Liabilities [Text Block]

Note 6— Other Accrued Liabilities

Other accrued liabilities are comprised of the following, (in millions):

	March 31, 2013		December 31, 2012
Customer program incentives	$	18.3	$	34.7
Accrued income taxes		17.4		14.1
Deferred revenue		17.2		16.4
Other		61.7		54.1
	$	114.6	$	119.3

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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets Disclosure [Text Block]

Note 5— Goodwill and Intangible Assets, net

Changes in the carrying values of goodwill for the three months ended March 31, 2013, by segment, were as follows (in millions):

	Segment
	Electrical		Power		Total
Balance December 31, 2012	$	474.6	$	280.9	$	755.5
Acquisitions		19.3		-		19.3
Translation adjustments		(2.7)		0.3		(2.4)
Balance March 31, 2013	$	491.2	$	281.2	$	772.4

In 2013, the Company completed the acquisitionof Continental for$37.5 million, net of cash received. This acquisition has been accounted for as a business combination and has resulted in the recognition of $19.3 million of goodwill. See also Note 2 – Business Acquisitions.

The carrying value of other intangible assets included in Intangible assets, net in the Condensed Consolidated Balance Sheet is as follows (in millions):

	March 31, 2013				December 31, 2012
			Accumulated				Accumulated
	Gross Amount		Amortization		Gross Amount		Amortization
Definite-lived:
Patents, tradenames and trademarks	$	106.7	$	(24.2)	$	102.8	$	(23.0)
Customer/Agent relationships and other		219.3		(64.1)		212.7		(60.8)
Total		326.0		(88.3)		315.5		(83.8)
Indefinite-lived:
Tradenames and other		56.3		-		56.4		-
Total	$	382.3	$	(88.3)	$	371.9	$	(83.8)

Amortization expense associated with these definite-lived intangible assets was $4.9 millionand $4.2 millionfor the three months ended March 31, 2013 and 2012. Future amortization expense associated with these intangible assets is expected to be $14.4 million for the remainder of 2013, $18.6million in 2014, $17.0 million in 2015, $16.4 million in 2016, $15.0 million in 2017 and $13.6 million in 2018.

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Equity (Tables)

3 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Schedule Of Total Equity [TableTextBlock]

		March 31,		December 31,
		2013		2012
Common stock, $.01 par value:
	Class A - authorized 50.0 shares; issued and outstanding 7.2 and 7.2 shares	$	0.1	$	0.1
	Class B - authorized 150.0 shares; issued and outstanding 52.2 and 52.1 shares		0.5		0.5
Additional paid-in-capital			66.3		64.0
Retained earnings			1,754.9		1,715.7
Accumulated other comprehensive loss:
	Pension and post retirement benefit plan adjustment, net of tax		(127.9)		(130.1)
	Cumulative translation adjustment		2.3		10.8
	Unrealized gain on investment, net of tax		0.7		0.7
	Cash flow hedge loss, net of tax		(0.1)		(0.5)
Total Accumulated other comprehensive loss			(125.0)		(119.1)
Hubbell shareholders' equity			1,696.8		1,661.2
Noncontrolling interest			7.2		6.7
Total equity		$	1,704.0	$	1,667.9

Schedule of Changes in Total Equity [TableTextBlock]

	Three Months Ended March 31
	2013						2012
	Hubbell Shareholders' Equity		Noncontrolling interest		Total Equity		Hubbell Shareholders' Equity		Noncontrolling interest		Total Equity
Equity, January 1,	$	1,661.2	$	6.7	$	1,667.9	$	1,467.8	$	5.7	$	1,473.5
Total comprehensive income		60.0		0.9		60.9		77.9		0.4		78.3
Stock-based compensation		2.8		-		2.8		2.8		-		2.8
Exercise of stock options		0.8		-		0.8		18.3		-		18.3
Income tax windfall from stock-based awards, net		4.4		-		4.4		8.6		-		8.6
Repurchase/surrender of common shares		(5.8)		-		(5.8)		(49.8)		-		(49.8)
Issuance of shares related to directors' deferred compensation		0.1		-		0.1		0.2		-		0.2
Dividends to noncontrolling interest				(0.4)		(0.4)		-		(0.4)		(0.4)
Cash dividends declared		(26.7)		-		(26.7)		(24.4)		-		(24.4)
Equity, March 31,	$	1,696.8	$	7.2	$	1,704.0	$	1,501.4	$	5.7	$	1,507.1

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Segment (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment [Table Text Block]

										Operating Income
		Net Sales				Operating Income				as a % of Net Sales
		2013		2012		2013		2012		2013	2012
Three Months Ended March 31,
Electrical		$	515.3	$	505.1	$	61.6	$	63.8	12.0%	12.6%
Power			224.8		218.7		36.1		37.9	16.1%	17.3%
	Total	$	740.1	$	723.8	$	97.7	$	101.7	13.2%	14.1%

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Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share Disclosure [Abstract]

Earnings Per Share [Text Block]

Note 9— Earnings Per Share

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 thethree months endedMarch 31, 2013 and 2012 (in millions, except per share amounts):

		Three Months Ended
		March 31
		2013		2012
Numerator:
	Net income attributable to Hubbell	$	65.9	$	63.2
	Less: Earnings allocated to participating securities		0.2		0.2
	Net income available to common shareholders	$	65.7	$	63.0
Denominator:
	Average number of common shares outstanding		59.1		59.2
	Potential dilutive shares		0.5		0.7
	Average number of diluted shares outstanding		59.6		59.9
Earnings per share:
	Basic	$	1.11	$	1.06
	Diluted	$	1.10	$	1.05

The Company did not have any anti-dilutive securities during the three months endedMarch 31, 2013 and 2012.

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Total Equity

3 Months Ended

Mar. 31, 2013

Stockholders Equity Disclosure [Abstract]

Stockholders Equity Note Disclosure [Text Block]

Note 7— Total Equity

Total equity is comprised of the following (in millions, except per share amounts):

		March 31,		December 31,
		2013		2012
Common stock, $.01 par value:
	Class A - authorized 50.0 shares; issued and outstanding 7.2 and 7.2 shares	$	0.1	$	0.1
	Class B - authorized 150.0 shares; issued and outstanding 52.2 and 52.1 shares		0.5		0.5
Additional paid-in-capital			66.3		64.0
Retained earnings			1,754.9		1,715.7
Accumulated other comprehensive loss:
	Pension and post retirement benefit plan adjustment, net of tax		(127.9)		(130.1)
	Cumulative translation adjustment		2.3		10.8
	Unrealized gain on investment, net of tax		0.7		0.7
	Cash flow hedge loss, net of tax		(0.1)		(0.5)
Total Accumulated other comprehensive loss			(125.0)		(119.1)
Hubbell shareholders' equity			1,696.8		1,661.2
Noncontrolling interest			7.2		6.7
Total equity		$	1,704.0	$	1,667.9

A summary of the changes in equity for the three months ended March 31,2013 and 2012 is provided below (in millions):

	Three Months Ended March 31
	2013						2012
	Hubbell Shareholders' Equity		Noncontrolling interest		Total Equity		Hubbell Shareholders' Equity		Noncontrolling interest		Total Equity
Equity, January 1,	$	1,661.2	$	6.7	$	1,667.9	$	1,467.8	$	5.7	$	1,473.5
Total comprehensive income		60.0		0.9		60.9		77.9		0.4		78.3
Stock-based compensation		2.8		-		2.8		2.8		-		2.8
Exercise of stock options		0.8		-		0.8		18.3		-		18.3
Income tax windfall from stock-based awards, net		4.4		-		4.4		8.6		-		8.6
Repurchase/surrender of common shares		(5.8)		-		(5.8)		(49.8)		-		(49.8)
Issuance of shares related to directors' deferred compensation		0.1		-		0.1		0.2		-		0.2
Dividends to noncontrolling interest				(0.4)		(0.4)		-		(0.4)		(0.4)
Cash dividends declared		(26.7)		-		(26.7)		(24.4)		-		(24.4)
Equity, March 31,	$	1,696.8	$	7.2	$	1,704.0	$	1,501.4	$	5.7	$	1,507.1

The detailedcomponents of total comprehensive incomeare presented inthe Condensed Consolidated Statement of Comprehensive Income.

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Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss Note Disclosure [TextBlock]

Note 8— Accumulated Other Comprehensive Loss

A summary of the changes in Accumulated other comprehensive loss (net of tax) for the three months ended March 31, 2013 is provided below (in millions):

(debit) credit				Cash flow hedge loss		Unrealized gain on available-for-sale securities		Pension and post retirement benefit plan adjustment		Cumulative translation adjustment		Total
Balance at December 31, 2012			$	(0.5)	$	0.7	$	(130.1)	$	10.8	$	(119.1)
	Other comprehensive (loss) income before
		reclassifications		0.5		-		-		(8.5)		(8.0)
	Amounts reclassified from accumulated
		other comprehensive loss		(0.1)		-		2.2		-		2.1
	Current period other comprehensive (loss) income			0.4		-		2.2		(8.5)		(5.9)
Balance at March 31, 2013			$	(0.1)	$	0.7	$	(127.9)	$	2.3	$	(125.0)

A summary of the reclassifications out of Accumulated other comprehensive loss for the three months ended March 31, 2013 is provided below (in millions):

Details about Accumulated Other Comprehensive Loss Components			Gain (loss) Reclassified		Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss):
	Forward exchange contracts	$	0.1		Cost of goods sold
			0.1		Total before tax
			-		Tax (expense) benefit
		$	0.1		Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
	Prior-service costs	$	0.2	(a)
	Actuarial gains/(losses)		(3.6)	(a)
			(3.4)		Total before tax
			1.2		Tax benefit (expense)
		$	(2.2)		(Loss) gain net of tax
Losses reclassified into earnings		$	(2.1)		(Loss) gain net of tax
(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 10 - Pension and Other Benefits for additional details).

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Pension and Other Benefits

3 Months Ended

Mar. 31, 2013

Pension And Other Postretirement Benefit Disclosure [Abstract]

Pension And Other Postretirement Benefits Disclosure [Text Block]

Note 10— Pension and Other Benefits

The following table sets forth the components of net pension and other benefitcosts for the three months endedMarch 31, 2013 and 2012 (in millions):

	Pension Benefits				Other Benefits
	2013		2012		2013		2012
Three Months Ended March 31
Service cost	$	4.0	$	4.2	$	-	$	-
Interest cost		9.1		9.0		0.2		0.3
Expected return on plan assets		(11.7)		(10.0)		-		-
Amortization of prior service cost		-		0.1		(0.2)		-
Amortization of actuarial losses/(gains)		3.6		4.2		-		(0.2)
Net periodic benefit cost	$	5.0	$	7.5	$	-	$	0.1

Employer Contributions

The Company anticipates making required contributions ofapproximately $3.3 million to its foreign pension plans during 2013, of which$0.7 millionhas been contributed through March 31, 2013.The Company isnot required under the Pension Protection Act of 2006to make any contributions to its qualified domestic benefit pension plans during 2013.

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Equity I (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
Equity [Line Items]
Common stock par value	$ 0.6	$ 0.6
Additional Paid In Capital	66.3	64.0
Retained Earnings	1,754.9	1,715.7
Accumulated Other Comprehensive Loss [Abstract]
Pension and post retirement benefit plan adjustment, net of tax	(127.9)	(130.1)
Cumulative translation adjustment	2.3	10.8
Unrealized gain on investment, net of tax	0.7	0.7
Cash flow hedge loss, net of tax	(0.1)	(0.5)
Total Accumulated Other Comprehensive Loss	(125.0)	(119.1)
Hubbell Shareholders' Equity	1,696.8	1,661.2
Noncontrolling interest	7.2	6.7
Total Equity	1,704.0	1,667.9	1,507.1	1,473.5
Class A Common Stock
Equity [Line Items]
Common stock par value	0.1	0.1
Class B Common Stock
Equity [Line Items]
Common stock par value	$ 0.5	$ 0.5

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Goodwill and Intangible (Tables)

3 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Schedule of Goodwill [Table Text Block]

	Segment
	Electrical		Power		Total
Balance December 31, 2012	$	474.6	$	280.9	$	755.5
Acquisitions		19.3		-		19.3
Translation adjustments		(2.7)		0.3		(2.4)
Balance March 31, 2013	$	491.2	$	281.2	$	772.4

Schedule of Intangible Assets [Table Text Block]

	March 31, 2013				December 31, 2012
			Accumulated				Accumulated
	Gross Amount		Amortization		Gross Amount		Amortization
Definite-lived:
Patents, tradenames and trademarks	$	106.7	$	(24.2)	$	102.8	$	(23.0)
Customer/Agent relationships and other		219.3		(64.1)		212.7		(60.8)
Total		326.0		(88.3)		315.5		(83.8)
Indefinite-lived:
Tradenames and other		56.3		-		56.4		-
Total	$	382.3	$	(88.3)	$	371.9	$	(83.8)

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Pension (Tables)

3 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

	Pension Benefits				Other Benefits
	2013		2012		2013		2012
Three Months Ended March 31
Service cost	$	4.0	$	4.2	$	-	$	-
Interest cost		9.1		9.0		0.2		0.3
Expected return on plan assets		(11.7)		(10.0)		-		-
Amortization of prior service cost		-		0.1		(0.2)		-
Amortization of actuarial losses/(gains)		3.6		4.2		-		(0.2)
Net periodic benefit cost	$	5.0	$	7.5	$	-	$	0.1

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Fair Value (Details) (USD $) In Millions, unless otherwise specified	1 Months Ended		3 Months Ended			12 Months Ended
	Nov. 30, 2010	May 31, 2008	Mar. 31, 2013		Mar. 31, 2012	Dec. 31, 2012
Deferred Compensation Plans [Abstract]
Payments to Acquire Trading Securities Held-for-investment			$ 1.3		$ 1.4
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Forward exchange contract Gain (Loss) Reclassified to Cost of Sales, Net			0.1		0.1
Derivatives, Fair Value [Line Items]
Forward exchange contracts designated as cash flow hedges gain (loss) recognized in Accumulated Other Comprehensive Loss, Effective Portion, Net			0.5		(0.2)
Number of Forward Exchange contracts held			18
Maximum Remaining Maturity of forward exchange contracts			12 months
Notional Amount of Forward Exchange Contracts			1.0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3			0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3			0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3			0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3			0		0
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis [Line Items]
Money Market Funds, at Carrying Value			404.2	[1]		423.6	[1]
Available-for-sale Investments			44.8			39.7
Trading Securities			6.7			5.8
Deferred Compensation Plan Liabilities			(6.7)			(5.8)
Derivatives: [Abstract]
Forward Exchange contracts			0.5			(0.2)
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net, Total [Abstract]
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness			0
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness			0
Interest Rate Derivative [Line Items]
Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Pretax, Accumulated Other Comprehensive Income (Loss)	(1.6)	1.2	0.4			0.4
Long-term Debt [Abstract]
Long-term Debt, Fair Value			679.1			682.7
Long-Term Debt carrying value			596.8			596.7
Fair Value, Inputs, Level 1 [Member]
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis [Line Items]
Money Market Funds, at Carrying Value			404.2	[1]		423.6	[1]
Available-for-sale Investments			44.8			39.7
Trading Securities			6.7			5.8
Deferred Compensation Plan Liabilities			(6.7)			(5.8)
Derivatives: [Abstract]
Forward Exchange contracts			0			0
Fair Value, Inputs, Level 2 [Member]
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis [Line Items]
Money Market Funds, at Carrying Value			0			0
Available-for-sale Investments			0			0
Trading Securities			0			0
Deferred Compensation Plan Liabilities			0			0
Derivatives: [Abstract]
Forward Exchange contracts			0.5			(0.2)
Other accrued liabilities
Derivatives, Fair Value [Line Items]
Forward exchange contracts designated as cash flow hedges liabilities			(0.1)			(0.2)
Deferred taxes and other
Derivatives, Fair Value [Line Items]
Forward exchange contracts designated as cash flow hedges assets			$ 0.6			$ 0

[1] (a) Money market funds are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheet.

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Condensed Consolidated Balance Sheet (Unaudited) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current Assets [Abstract]
Cash and cash equivalents	$ 606.2	$ 645.0
Short-term investments	10.1	8.8
Accounts receivable, net	443.6	405.2
Inventories, net	350.6	341.7
Deferred Taxes and Other	60.0	55.5
Total current assets	1,470.5	1,456.2
Property, Plant, and Equipment, net	364.5	364.7
Other Assets [Abstract]
Investments	41.4	36.7
Goodwill	772.4	755.5
Intangible assets, net	294.0	288.1
Other long-term assets	44.9	45.8
Total Assets	2,987.7	2,947.0
Current Liabilities [Abstract]
Accounts payable	235.6	213.1
Accrued salaries, wages and employee benefits	51.0	75.4
Accrued insurance	43.4	39.6
Dividends payable	0	0
Other accrued liabilities	114.6	119.3
Total current liabilities	444.6	447.4
Long-Term Debt	596.8	596.7
Other Non-Current Liabilities	242.3	235.0
Total Liabilities	1,283.7	1,279.1
Hubbell Shareholders' Equity	1,696.8	1,661.2
Noncontrolling interest	7.2	6.7
Total Equity	1,704.0	1,667.9
Total Liabilities and Equity	$ 2,987.7	$ 2,947.0

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Inventories, Net

3 Months Ended

Mar. 31, 2013

Inventory, Net Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 4— Inventories, net

Inventories, net are comprised of the following (in millions):

	March 31, 2013		December 31, 2012
Raw material	$	119.5	$	118.4
Work-in-process		82.6		81.8
Finished goods		233.5		226.5
		435.6		426.7
Excess of FIFO over LIFO cost basis		(85.0)		(85.0)
Total	$	350.6	$	341.7

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Guarantees (Tables)

3 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Schedule of Product Warranty Liability [Table Text Block]

Balance at December 31, 2012	$	7.0
Provision		2.1
Expenditures/other		(1.9)
Balance at March 31, 2013	$	7.2

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Earnings Per Share (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Numerator [Abstract]
Net income attributable to Hubbell	$ 65.9	$ 63.2
Undistributed Earnings Allocated to Participating Securities	0.2	0.2
Net income available to common shareholders	$ 65.7	$ 63.0
Denominator [Abstract]
Weighted Average Number Of Shares Outstanding Basic	59.1	59.2
Weighted Average Number Diluted Shares Outstanding Adjustment	0.5	0.7
Weighted Average Number Of Diluted Shares Outstanding	59.6	59.9
Earnings Per Share Disclosure [Abstract]
Earnings Per Share Basic	$ 1.11	$ 1.06
Earnings Per Share Diluted	$ 1.10	$ 1.05
Stock Option And Performance Shares Antidilutive Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	0	0
Stock Appreciation Rights Antidilutive Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	0	0

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Inventory (Tables)

3 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Schedule of Inventory, Current [Table Text Block]

	March 31, 2013		December 31, 2012
Raw material	$	119.5	$	118.4
Work-in-process		82.6		81.8
Finished goods		233.5		226.5
		435.6		426.7
Excess of FIFO over LIFO cost basis		(85.0)		(85.0)
Total	$	350.6	$	341.7