Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

The table below sets forth summarized quarterly consolidated financial data for the years ended December 31, 2021 and 2020 (in millions, except per share amounts):


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2021
Net sales	$	956.3	$	1,054.3	$	1,083.4	$	1,100.1
Cost of goods sold	$	694.1	$	756.0	$	782.3	$	810.2
Gross profit	$	262.2	$	298.3	$	301.1	$	289.9
Selling & administrative expenses	$	152.3	$	156.1	$	155.2	$	155.6
Net income from continuing operations	$	74.7	$	89.6	$	105.5	$	101.3
Net income from continuing operations attributable to Hubbell	$	73.3	$	88.8	$	103.4	$	99.5

Basic earnings per share from continuing operations	$	1.34	$	1.63	$	1.89	$	1.82
Basic earnings per share from discontinued operations	$	0.09	$	0.13	$	0.10	$	0.33
Basic earnings per share	$	1.43	$	1.76	$	1.99	$	2.15

Diluted earnings per share from continuing operations	$	1.33	$	1.62	$	1.88	$	1.81
Diluted earnings per share from discontinued operations	$	0.09	$	0.12	$	0.10	$	0.33
Diluted earnings per share	$	1.42	$	1.74	$	1.98	$	2.14

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2020
Net sales	$	957.6	$	837.5	$	970.3	$	917.1
Cost of goods sold	$	680.0	$	582.3	$	677.5	$	656.9
Gross profit	$	277.6	$	255.2	$	292.8	$	260.2
Selling & administrative expenses	$	171.0	$	129.9	$	144.8	$	145.6
Net income from continuing operations	$	67.9	$	86.9	$	98.5	$	81.4
Net income from continuing operations attributable to Hubbell	$	67.2	$	85.9	$	97.1	$	79.8

Basic earnings per share from continuing operations	$	1.23	$	1.58	$	1.79	$	1.47
Basic earnings per share from discontinued operations	$	0.15	$	0.04	$	0.18	$	0.02
Basic earnings per share	$	1.38	$	1.62	$	1.97	$	1.49

Diluted earnings per share from continuing operations	$	1.23	$	1.58	$	1.78	$	1.46
Diluted earnings per share from discontinued operations	$	0.14	$	0.04	$	0.18	$	0.02
Diluted earnings per share	$	1.37	$	1.62	$	1.96	$	1.48