Hubbell Incorporated (HUBB) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Hubbell Incorporated ( HUBB ) Morgan Stanley's 14th Annual Laguna Conference September 17, 2026 1:45 PM EDT Company Participants Gerben Bakker - President, CEO & Chairman Daniel Innamorato - Director of Investor Relations Conference Call Participants Tobenna Okwara - Morgan Stanley, Research Division Presentation Tobenna Okwara Morgan Stanley, Research Division Thank you. Welcome to the 14th Annual Laguna Conference. For important disclosures, please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. And if you have any questions, please reach out to your Morgan Stanley representative. Pleased to have Hubbell here today with President and CEO, Gerben Bakker; and Vice President of IR, Dan Innamorato. I'm Toby Okwara, I'm part of our Morgan Stanley multi-industry research team. Thank you guys for being here. Gerben Bakker President, CEO & Chairman Thank you, Toby. Question-and-Answer Session Tobenna Okwara Morgan Stanley, Research Division And I guess starting off, just looking at the longer-term strategy, what's Hubbell's competitive advantage? Why do you win in your markets? Gerben Bakker President, CEO & Chairman Yes. And I would say, first of all, thank you for your interest here today with Hubbell. I would say, in short, it's the specification that we have on our product. I mean we generally are spec product, and that's whether we're in the utility side or in the electrical side, a product that's critical to the function that they serve and generally a relatively small percent of the cost. So what we do matters, and certainly, the specification that we hold. The other competitive advantage, I would say, is the breadth and depth of our portfolio is a differentiator for us. And if you think about in today's environment, partners generally want to do business with lesser, more strategic relationships. And certainly, we have those very strong relationships. We built those over many years of how we serve them. And