Hubbell Inc (HUBB)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,888,100	1,798,700	1,709,800	1,596,800	1,471,600	1,394,700	1,297,300	1,212,400	1,151,500	1,121,800	1,113,500	1,070,400	1,085,800	1,151,600	1,220,800	1,323,000	1,352,700	1,347,300	1,334,300	1,324,800
Revenue (ttm)	US$ in thousands	5,335,100	5,207,000	5,143,100	5,029,700	4,896,200	4,789,600	4,685,500	4,597,700	4,518,800	4,456,600	4,350,200	4,128,200	4,140,200	4,205,600	4,320,700	4,566,400	4,561,000	4,601,800	4,554,400	4,523,100
Gross profit margin		35.39%	34.54%	33.24%	31.75%	30.06%	29.12%	27.69%	26.37%	25.48%	25.17%	25.60%	25.93%	26.23%	27.38%	28.25%	28.97%	29.66%	29.28%	29.30%	29.29%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,888,100K ÷ $5,335,100K
= 35.39%

Hubbell Inc.'s gross profit margin has been showing a positive trend over the past eight quarters. The company's gross profit margin increased steadily from 27.74% in Q1 2022 to 35.14% in Q4 2023. This indicates that Hubbell Inc. has been able to effectively manage its production costs and pricing strategies to improve profitability. The consistent improvement in gross profit margin suggests that the company has been successful in controlling its direct costs of goods sold and has been able to generate higher margins on its products. Overall, the increasing trend in the gross profit margin reflects positively on Hubbell Inc.'s financial performance and strategic management of its operations.