Hubbell Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Hubbell Inc announced that for fiscal 2013, it expects overall sales to increase in the 3% to 5% range comprised of low single digit growth from organic volume and 2% from acquisitions. The Company expect the volume increases to be more weighted towards the second half of fiscal 2013, due to anticipated strengthening in the markets and more favorable comparisons to the prior year. The Company reported revenues of $3.044 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $3.220 billion for fiscal 2013.
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