HUBBHubbell Incorporated

“You'd recall that we've got roughly half of our data center exposure is in our long-cycle power distribution modular skid business, for which we've got good visibility to demand. Orders are booked out through the year and there's little incremental capacity, and that feels pretty well situated, and that was well situated in our original guide. So no real change on how we're thinking about the long-cycle piece. On the short-cycle book-and-bill side, we do continue to see strong order demand coming through. We continue to add capacity in that space. Every quarter, we're adding more and more capacity, and we continue to add inventory to every extent possible so that we've got stock on the shelf for that short-cycle book-and-bill side of products that are needed for data center.”

“The Electrical Solutions segment achieved approximately 40% growth in data center markets in the first quarter, driven by strength in both balance-of-system component demand as well as sales of our modular power distribution skids. Data center order activity remained robust in the first quarter, as build-out activity continues to accelerate across hyperscaler and colocation customers, providing enhanced visibility for us to increase our full year outlook in data center markets to more than 25%.”

“Electrical Solutions growth continues to be driven by strength in data center and light industrial markets, enabled by our leading brands and continued success in our strategy to compete collectively in high-growth verticals.”