2008 Annual Report - Hubbell Wiring Device-Kellems

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tomorrow through broad efforts in training, leadership development and career planning.Underpinning these efforts is the fostering of a customer - focused and collaborative culture.In summary, Hubbell had a great year in 2008 with record performance created by anorganizational focus on pricing discipline, cost management and productivity improvementssupported by a strong financial position. The markets we serve are expected to presentsignificant challenges for us in 2009. Our approach to these challenges is straightforward:deploy our trusted brands in essential, diversified end markets; enhance our positioning withacquisitions executed at reasonable valuations; continue to improve productivity with arenewed, daily vigor; and support these activities with the appropriate liquidity and capitalstructure. Thus, we are well positioned to manage through the challenges and poised to takeadvantage of the opportunities we will find in 2009.T. H. PowersChairman, President andChief Executive Officer4
POSITIONED FOR TODAYby consistently adhering to our core strategies, Hubbellcontinues to: Enhance enduring brand franchises Improve productivity, reduce costs and improve margins Invest in its people Maintain a strong balance sheet Generate growth through selective acquisitionsAgainst the backdrop of the most challenging economicenvironment in decades, this disciplined approach is provingits worth. Building on this foundation, the Company is readyfor a future being shaped by significant trends in a widerange of markets for electrical equipment – from transmission/distributionand power management to efficient lightingand many more. In short, Hubbell is an enterprisePOISED FOR TOMORROW
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: The success of “today” position
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 and 16: 13THE LIGHTING SOLUTIONSLAB AT HUBB
Page 17 and 18: THE FUTURE ISELECTRIC WITHOPPORTUNI
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
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Item 8.Financial Statements and Sup
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REPORT OF INDEPENDENT REGISTERED PU
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HUBBELL INCORPORATED AND SUBSIDIARI
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Foreign Currency TranslationThe ass
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measurement attribute for the finan
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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
Page 113 and 114:
CORPORATEOFFICERSTIMOTHY H. POWERSC
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