Hubbell Sees First-Quarter Sales Decrease But Continues to Integrate Acquisitions

Hubbell Inc. Orange, Conn., reported sales for the first three months of the year $301.7 million versus $344.1 million in 2001, a 12.3 percent drop. “Hubbell made substantial progress during the quarter toward our two primary objectives: reducing costs and building future opportunities,” said Timothy H. Powers, president and CEO. “New initiatives announced earlier this year are on schedule with plant consolidations well underway in the U.S., Mexico and Puerto Rico. The benefits of these cost

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