Hubbell Incorporated (NYSE:HUBB) Q4 2022 Earnings Call Transcript

And so, I think we have kind of a range like that Chris of kind of confidence. And that’s you’ll hear us maybe be a little bit more confident in the first half a little more visibility and a little more uncertainty in the second half, I think.

Chris Snyder: No, yes, I really appreciate that color. And obviously a tough macro. But I guess just the follow up — incremental — for €˜23, I’m sorry, hearing background noise, and then also anything to worry about on datacenter or telecom. Some other companies have kind of flagged some slowdown concerns there. Thank you.

Gerben Bakker: Yes, but I think when you talk about datacenters, you think about the two segments of that market, the mega centers and being run by the fangs in the big tech world. And you certainly see them reacting with headcount reductions, for example. And could that lead to some slowing of growth on the capital side? I think it’s, that’s possible, and it could, I think, the telecom side, we still see the build out. So we’re still, I’d say, in the medium term, we’re both — we’re very bullish on both of those factors. Even though I do agree that there could be because the second side of datacenters, outside of the mega, all these colos, I think there’s probably going to be demand at that part of it. So could be maybe a reshaping of mix inside of datacenters. And so I do think your questions important to figure out what net effect it has, but I think we’re still anticipating growth out of both of those.

Bill Sperry : Yes, and maybe to your second part of is there further destocking? We would say that there probably is, especially if you look at sales, that some of our distributor partners are still struggling with getting supply. So they have a lot of the materials they need for project, they’re missing something. And when that comes in, that will naturally cause inventories to come down a little bit further, we believe our products are less exposed to that because we’ve certainly performed relatively well through it, but we would say there’s still probably some destocking in the early part of €˜23.

Operator: I would now like to turn the call back over to Dan Innamorato for any closing remarks.

Dan Innamorato: Great. Thanks, everybody, for joining us. I’ll be around all day for questions. Thank you.

Operator: Thank you. This concludes today’s conference call. Thank you for participating. You may now disconnect.