time to with everybody. Akshay I'm with be welcome partner Thanks him. also I the taking to the morning, to excited for personally Good want us. team. to
lot I think by of a our up intensity. we ramping value operational can add
financial quarter XXXX. very that team to going in third the start So to turned forward comments Hubbell really strong looking quarter My and X of in, Page summarize that. are on the
we'll sales. with So left, on start upper the
see X% one-point and to XX% is increase a volume. over of in of FX. of increase sales. approximately drag just price from That of organic M&A XX% $X.X billion X% from comprised -- You The XX% XX% about XX% is comprised an and organic,
of So, all actually, year. around it digits sequential mid-single-digit to find the up a sales price on from to of from growth both our will contributions and contributions track there's sales those that sequentially filter We prior equal volume impressive performance, price, be obviously and comments for from which to through and our basis quite well. quarter are to as comparisons instructive And prior kind where both mid-single volume.
backlog a easing of may other In quarter some say the of the to operate sign supply modest trying good I chain. be to quarter function seeing that at in we the serve pretty our material second volume a need and that's second customers think I sequentially. us wanted words, would in high were to from that capacity our quarter, grow who -- part and a to the be able to for third we
there's of availability and transportation sign a across of the bit little I of as staffing, easing think well. availability materials
bill segment skews quite of the I would we growth Electrical sales growth think Orders a inside we and and broad-based impressive has good now growth, starting to and back quarter. which continue get I Utility That Utility segment. in line news each there, building Electrical growth backlog characterize as balanced our and through balance is track. towards also we about segment book to as the So, inside it and much a sales, the experiencing to segments, underlying more of it feel both to demand third are think that contribution outpace as broad-based the as
inefficiencies on That the causing the of a you'll you incremental. of margin other that some and the quite favorability incremental So, our supply for points price/cost results operating drop-through gives expansion factories. that by mid-XXs, well maybe the that's see the right, dollars inflation as XX% little profit, and margin two expansion disruptions chain as of is profit $XXX is that normal million really quarter. feel and to indicate favorability and a growth needed upper of a are inside overcome operating bit the -- in to driven here nearly The in of
than price I see if cost, it better incremental. was just So favorability, mid-XXs we'd think
overcome we've year-over-year comparable. repurchases the quite and extremely profit, contributions. the is also proceeds share increase to needed comparison with sale the you left, quarter, inefficiencies. some non-material in from So some some And see share. a year. the as last C&I in flow really favorable then Lighting well. help driven a million, improvement the Free We can inflation XX% as earnings Tax in other contribution to there non-op cash slight bottom there roughly did by operating the but well that that was quadrant, of are as for increase us to $XXX below-the-line $X.XX price EPS you that And is the see $X.XX largely the
think year-to-date demand. full promise, growth maybe on where capital, guidance we to on But slide to to cash delivering and making we intentional feel our I that's investments in relative as where and very how more the very update good going. performance we'll stand we're about on year our the given at in instructive you working look flow, purposeful
for So requiring are inventory our to investment and us both satisfy receivables customers.
the in in difference We CapEx but CapEx productivity. towards and it's the each segment. about CapEx are invest We'll segment, flavor keen Electrical, that talk in also to by of skewed investing
the is expansion towards CapEx side, On the skewed and capacity. Utility
well And I'd like to strong Page unpack Utility segment. just X, segment with really in by that a performance. So On performing our extremely and the now a market strong let's turned Solutions Utility very conditions. by start franchise these in quarter
profit sales expansion. operating see XX% dollars points increasing with can You of up on three and margin XX% nearly
segment. very, the very from strong performance So
more look closely. Let's little a at sales
acquisitions. to but lot of like X% performing mostly extremely would the I is the you organic, a You acquisitions. portfolio, about Ripley million. contribution from see is well, really XX% a you pales get range going Tools increase small ordinarily That's that that organic range new can to tell to $XXX the XX% say, performance, volumes on mid-teens price to see And kind would I comprised organic. what's the organically. and in in double-digit is to low to comparison in of
the as market there Gerben trends and rather testament comms in very, T&D conditions towards market. as highlighted attractive in is well positioning skewed XX% Components. really hardening. really the our and aging the there, the upgrades towards healthy We this Components a have from infrastructure that than -- very The had very controls. very, growth strong those requires T&D to So growth
be being those sources with of -- need be be of have that the move really and funding controls skewed modernizing towards confidence The you system a being towards new & to to their of chip into there's digits some for being legislation certainly modest all the the double giving that and the that and We up demand. constrained side, smarter up by communications I see to the is our transmitted, more controls, renewables -- as that's availability. is automation more supported which by the comms and still which need customers area, infrastructure need lack X% distributed and generation think controls integrated component
demand. So that healthy a lot while see having demand, satisfying of we trouble we're
single but and a fact X, our dollars, just segment. at strong lose albeit provides non-material coming incrementals. Page the Electrical but in contributor, operations supply an price. expansion. chain On we've single $XXX Utility Price digits that not XX% really from are low XX% operating comprised million impressive performance levels, lift sales. the And of margin leverage inflation of headwinds double-digit contribution from the That's volume in side, there let's impressive operating the but a growth strong segment. in unpack the at Solutions million and high obviously On $XXX in good Also same digit points got time, see unit and net-net, volume, and and not of see sight to that high strong I very performance, -- you see profit three same we inefficiencies, the improvement to and being material
and lines Electrical The demand so being So, about pulling where segment a digits, experiencing improvement higher remember I nice right this gives market. market, of $XX across the namely see our the the quite of Utility the on segment little both little the markets. million. well, very is and again, a the experiencing side, some broad-based side, and from started Utility order broad-based on markets operating well growth a resi. couple later. various it also across now And that resi The ex exception and light is you'll team our various XX% on verticals, us here support renewables in heavy product But contraction to the doing and as of in price that centers, resi end that so double-digit see you of a XX% for very double down XX% about team think the industrial of drag performing team magnitude, came we're thinking points data of comms, price than and bit profit sooner
You margin favorability the creating with material non-material of price headwinds by the volume inflation. along the driven -- see growth expansion XX and bps with and supply the chain
bit very line we're book sales, a have -- and consumer the had out And the not. with if commenting get have pattern? in think questions obviously on lot of of we to balanced here. orders I investors happening worth We've there. between in little order what's bill. it's here but we so We a from seen slowing aware orders We
in and very a us plan causing productivity, it's carefully. And we to do to so in that's causing causing pattern our order contingency invest It's case to see slowdown. us us watch
common become watching behavior it's become little this as in as component we year about people -- their year component. targets, closer switch as plans get growth have well plans with have inventory a customer As get can down. their They for a we it inventories employers. each a can to And incentive executives growth those will when year-end, like think reached in carefully, challenging very distorted. for they It's managing to towards have the incentive an
to not this year-end for it's distorted a So, kind in year pattern. like of unusual us order see
and month slowdown. exactly to what watch we be not thoughtful seeing, we again, overreact one as or have now, careful week any So understand but seeing and to we're for orders, be to not one
that and XX-point margin. investing restructuring We we're extra investing an That's last can see in this also productivity. the caused we've in drag side, in you right the said in in And about -- segment. had on productivity bullet,
there, that a think successful important So to a the not both doing segment. I margin future in investing been expansion. and that doing investments proving seen better there in footprint be -- consolidation very automation have had you'd But we we're for
So million we on as showing of you taking a outperformance a our our balance better-than-expected to and is just for take we're $XX.XX had million that that month the to of QX performance, two are a really do in $XXX EPS up how outlook one, performance expected. of able volume based especially of and effect price 'XX. The guidance. Laguna. influenced and thus We expectations Page our the And transition better in raising $XX.XX. than which to to That's to from or that X, throughout talked Qs previous I couple of to last been wanted maybe three, which range segments two $XXX our to view even both and weeks the ago being all on consistent the discussed outperformed about year.
which in points you But If we've M&A can started done And really and costs considerably level XX% as five to been of that important of to left-hand the has to X% with you EPS. when adding to at our on better you we of on volume the quarter. this of Utility the really, form the the it. throughout at of performance price. of that's the second program really look four on of is to through points the better see center than price that Page expectations year's of couple because in business visual brands and at side, overcome Good see look well. on shown order the as nicely our is we've performing and can the column data nicely we any sales kind X, there which also year. Tools performing was centered owned the a inefficiencies. volume how growth pricing strategy additions PCX, consistently a Ripley you of last our quarters since volume extending been get And during year see In really had I -- well. And dropping price the like of
to since as midyear they'll So incrementally earnings to acquisitions, good they year well. contribute year. them, see And contribute next this were
of we're note, to important harvesting not earnings think could. we I all the
by innovation It's flow sure segment, in in and the the to can We continue some exceeded be. offset there's That's higher I'd trying bottom, end and offsetting add across do to both growth capacity and XX% we're The at conversion said, plant as free heavily outperform consolidation. we additions has slightly expectations, invest a it's the as are to and taxes. new spending our our taxes, repurchases Utility us bright invest make are non-op include to success receivables future. we product had segments our income share future the markets three productivity. better that And our to our development cash accelerate more to it items at really principal rate our automation areas been I where important higher and growth in other is and need believe inventory to there allow here And support centered and we believe as the customers. as
feel in the to CapEx. invest need also We
the And so, get we we're conversion. get And are free we'd rate. we customer on our we're next improve down be lower had to to probably expecting and the a XX% that the in accounts as the bringing continue more I efficiently conversion service. earnings, working with on to manage in balance to around year, increase think dollars just capital able sheet going we -- But to flow cash
got the I'll some that it we're year. with, for our we how about we've So, hand year talk to to informs Gerben and think nice trends finishing next that outlook
