2008 Annual Report - Hubbell Wiring Device-Kellems

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HUBBELL BUILDINGAUTOMATION’S LIGHTBAT G2 SENSOR SAVESENERGY BY CONTROLLINGTRADITIONALLY HARD TOCONTROL HIGH INTENSITYDISCHARGE (HID)LAMPS WIDELY USED INWAREHOUSES ANDDISTRIBUTION CENTERS.14
THE FUTURE ISELECTRIC WITHOPPORTUNITYElectricity is expectedto remain the fastestgrowingform ofend-use energy worldwidethrough 2030,according to the U.S.Energy InformationAdministration. ForHubbell, that forecastoffers powerfulopportunities for managing, moving,conserving and using electricalenergy – all in ways that arecompatible with sustainableenvironmental practices.L I G H T I N GIn 2008, Hubbell Lighting Inc. (HLI)launched 50 new products in commercial andindustrial markets and another 100 in theresidential market. But, the numbers that really tellthe story are in energy efficiency. “Green”construction is expected to grow from$12 billion in 2008 to $60billion by 2010. Lightingrepresents a significant pieceof that growth as 80 percent ofexisting commercial buildings have lighting systemsthat are more than 20 years old. HLI is wellpositioned in the market for efficient lightingproducts, starting with the broadest line of lightemittingdiode (LED) fixtures in its industry. HLIis also a leader in the compact fluorescent lighting(CFL) market, which is benefiting from U.S.Department of Energy backing and utilityprograms offering subsidies for consumers whoreplace incandescent sources with CFLs. As lightingaccounts for 30 to 50 percent of the electricity usedin most buildings – residential, commercial andindustrial – the savings potential is considerable.HLI’s GreenWise program, a sustainabilityinitiative to reduce energy consumption, waste,carbon footprints, materials usage and lightpollution, was also launched in 2008. GreenWise is initially targeting five market segments:commercial offices, education, healthcare,manufacturing/warehousing and government.Sustainable lighting solutions can help buildingowners earn credits toward LEED ® certificationfrom the U.S. Green Building Council.W I R I N GHubbell Building Automation (HBA) postedstrong revenue gains in 2008, driven by the risingcost of energy and federal and state regulationsrequiring greater energy efficiency. The opportunityis large as about three-quarters of existing buildingsare without lighting controls. HBA is bestknown for controls that easilyintegrate building automationsystems. The line includesnetworked lighting controls, occupancysensors, daylight controls and high bay controlstypically used in facilities such as warehouses.Going forward, new opportunities are opening upin exterior lighting controls and innovativeapproaches that place controls within the lightingfixture. Hubbell is well positioned to serve thesemarkets.15
Page 1 and 2: P O S I T I O N E D F O R T O D A Y
Page 3 and 4: 2008 SALESby Segmentby GeographyPow
Page 5 and 6: The success of “today” position
Page 7 and 8: POSITIONED FOR TODAYby consistently
Page 9 and 10: POWER SEGMENTBrand recognition and
Page 11 and 12: DRIVINGPERFORMANCETHROUGHPRODUCTIVI
Page 13 and 14: KURT VERSEN INC,ACQUIRED IN JANUARY
Page 15: 13THE LIGHTING SOLUTIONSLAB AT HUBB
Page 19: OFFSHORE OIL RIGS AREJUST ONE OF MA
Page 23 and 24: HUBBELL INCORPORATEDANNUAL REPORT O
Page 25 and 26: The Company’s annual report on Fo
Page 27 and 28: Commercial/Institutional and Indust
Page 29 and 30: Haefely Test, AG based in Switzerla
Page 31 and 32: A global recession and continued wo
Page 33 and 34: Item 2. PropertiesHubbell’s manuf
Page 35 and 36: Name. Age(1) Present Position Busin
Page 37 and 38: Purchases of Equity SecuritiesIn Fe
Page 39 and 40: Item 6.Selected Financial DataThe f
Page 41 and 42: • Revenue GrowthOrganic Growth. I
Page 43 and 44: the 2007 rate related to the closin
Page 45 and 46: one in 2007 as well as a higher amo
Page 47 and 48: management, production planning and
Page 49 and 50: Although these facilities are not t
Page 51 and 52: offer retiree medical benefits to a
Page 53 and 54: overhead, maintenance and training
Page 55 and 56: • Changes in strategy, economic c
Page 57 and 58: Item 8.Financial Statements and Sup
Page 59 and 60: REPORT OF INDEPENDENT REGISTERED PU
Page 61 and 62: HUBBELL INCORPORATED AND SUBSIDIARI
Page 63 and 64: HUBBELL INCORPORATED AND SUBSIDIARI
Page 65 and 66: Foreign Currency TranslationThe ass
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measurement attribute for the finan
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HUBBELL INCORPORATED AND SUBSIDIARI
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Note 12 — DebtHUBBELL INCORPORATE
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Note 17 — Capital StockHUBBELL IN
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computation of earnings per dilutiv
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Industry Segment DataHUBBELL INCORP
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Item 11.Item 12.Executive Compensat
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NumberDescription10h† Hubbell Inc
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NumberDescription31.1* Certificatio
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Schedule IIHUBBELL INCORPORATED AND
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Exhibit 31.1I, Timothy H. Powers, c
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Exhibit 32.1CERTIFICATION PURSUANT
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BOARD OF DIRECTORSE. RICHARD BROOKS
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CORPORATEOFFICERSTIMOTHY H. POWERSC
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