filings.toolsItem 16. FORM 10-K SUMMARY
6K characters. Original on sec.gov ·
Item 16. FORM 10-K SUMMARY
None.
| HUBBELL INCORPORATED - Form 10-K | 107 |
Signatures
Pursuant to the requirements of Section 13 or 15(d) 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.
| HUBBELL INCORPORATED | ||||||||||||||
| By | /s/ JONATHAN M. DEL NERO | By | /s/ JOSEPH A. CAPOZZOLI | |||||||||||
| Jonathan M. Del Nero | Joseph A. Capozzoli | |||||||||||||
| Vice President, Controller | Senior Vice President, | |||||||||||||
| Chief Financial Officer | ||||||||||||||
| Date: | February 12, 2026 |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.(1)
| Title | Date | ||||||||||
| By | /s/ G. W. BAKKER G. W. Bakker | Chairman of the Board, President and Chief Executive Officer | 2/12/2026 | ||||||||
| By | /s/ J. A. CAPOZZOLI J. A. Capozzoli | Senior Vice President, Chief Financial Officer | 2/12/2026 | ||||||||
| By | /s/ J. M. DEL NERO J. M. Del Nero | Vice President, Controller (Principal Accounting Officer) | 2/12/2026 | ||||||||
| By | /s/ E. H. BAINE E. H. Baine | Director | 2/12/2026 | ||||||||
| By | /s/ C. M. CARDOSO C. M. Cardoso | Director | 2/12/2026 | ||||||||
| By | /s/ D. L. DIAL D. L. Dial | Director | 2/12/2026 | ||||||||
| By | /s/ A. J. GUZZI A. J. Guzzi | Director | 2/12/2026 | ||||||||
| By | /s/ R. A. HERNANDEZ R. A. Hernandez | Director | 2/12/2026 | ||||||||
| By | /s/ N. J. KEATING N. J. Keating | Director | 2/12/2026 | ||||||||
| By | /s/ B. C. LIND B. C. Lind | Director | 2/12/2026 | ||||||||
| By | /s/ J. F. MALLOY J. F. Malloy | Director | 2/12/2026 | ||||||||
| By | /s/ J. M. POLLINO J. M. Pollino | Director | 2/12/2026 | ||||||||
| By | /s/ G. J. ROCHOW G. J. Rochow | Director | 2/12/2026 |
*(1)*As of February 12, 2026.
| HUBBELL INCORPORATED - Form 10-K | 108 |
Valuation and Qualifying Accounts and Reserves for the Years Ended December 31, 2023, 2024 and 2025
Reserves deducted in the balance sheet from the assets to which they apply (in millions):
| Balance at Beginning of Year | Additions / (Reversals) Charged to Costs and Expenses | Deductions | Other | Balance at End of Year | |||||||||||||||||||||||||||||||
| Allowances for doubtful accounts receivable: | |||||||||||||||||||||||||||||||||||
| Year 2023 | $ | 14.3 | $ | (0.2) | $ | (2.5) | $ | — | $ | 11.6 | |||||||||||||||||||||||||
| Year 2024 | $ | 11.6 | $ | 1.3 | $ | (1.6) | $ | — | $ | 11.3 | |||||||||||||||||||||||||
| Year 2025 | $ | 11.3 | $ | 2.0 | $ | (1.5) | $ | 2.1 | $ | 13.9 | |||||||||||||||||||||||||
| Allowance for credit memos, returns and cash discounts: | |||||||||||||||||||||||||||||||||||
| Year 2023 | $ | 44.1 | $ | 365.5 | $ | (371.4) | $ | — | $ | 38.2 | |||||||||||||||||||||||||
| Year 2024 | $ | 38.2 | $ | 356.7 | $ | (359.7) | $ | — | $ | 35.2 | |||||||||||||||||||||||||
| Year 2025 | $ | 35.2 | $ | 369.0 | $ | (366.1) | $ | — | $ | 38.1 | |||||||||||||||||||||||||
| Valuation allowance on deferred tax assets: | |||||||||||||||||||||||||||||||||||
| Year 2023 | $ | 32.2 | $ | 5.2 | $ | — | $ | — | $ | 37.4 | |||||||||||||||||||||||||
| Year 2024 | $ | 37.4 | $ | (0.6) | $ | (2.7) | $ | — | $ | 34.1 | |||||||||||||||||||||||||
| Year 2025 | $ | 34.1 | $ | (0.9) | $ | (13.5) | $ | — | $ | 19.7 |
| HUBBELL INCORPORATED - Form 10-K | 109 |
Previous: Item 15. Exhibits and Financial Statement Schedule
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