Hubbell Anticipates FY24 Total Sales Growth Of Approximately 6% (Prior View 7-8%) And Organic Net Sales Growth Of Approximately 1% (Prior View 3%)
Portfolio Pulse from Benzinga Newsdesk
Hubbell has revised its FY24 sales growth expectations, now anticipating total sales growth of approximately 6%, down from the previous estimate of 7-8%. Organic net sales growth is also expected to be around 1%, reduced from the prior view of 3%.
October 29, 2024 | 11:38 am
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Hubbell has lowered its FY24 sales growth forecasts, with total sales growth now expected at 6% and organic net sales growth at 1%, both reduced from previous estimates.
The reduction in sales growth forecasts suggests potential challenges in Hubbell's market or operational environment, which could negatively impact investor sentiment and the stock price in the short term.
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