Hubbell (HUBB): what its 10-K says it depends on

Customers

Top ten customers

concentrated in · approximately 42% of our Net salesnamed as a risk

We are not dependent on a single customer, however, our top ten customers account for approximately 42% of our Net sales.Risk factors (Item 1A)

Also named by BGC, CBOE, CVLG, ENTG, FBIN, LPX, MEDP, MU and 9 more

Electric utilities

earns from · 63% of consolidated revenues in 2025named as a risk

While Hubbell believes its sales in this area are not materially dependent upon any customer or group of customers, a substantial variability in purchases by electrical utilities would affect this segment.Business (Item 1)

Also named by ORI

Other companies

DMC Power

named as a risk

The full benefits of the acquisitions of Ventev, Nicor, DMC Power and Systems Control, including the anticipated sales or growth opportunities, may not be realized as expected or may not be achieved within the anticipated time frame, or at all.Risk factors (Item 1A)

Systems Control

named as a risk

The full benefits of the acquisitions of Ventev, Nicor, DMC Power and Systems Control, including the anticipated sales or growth opportunities, may not be realized as expected or may not be achieved within the anticipated time frame, or at all.Risk factors (Item 1A)

Places

Canada

earns from · approximately 33%named as a risk

As a percentage of the Company’s total Net sales, the net sales of foreign operations, for which transactions are primarily in local currencies were 7% in 2025, 8% in 2024 and 8% in 2023, with the Canadian, UK, and Brazilian operations representing approximately 33%, 24%, and 19%, respectively, of 2025 total international Net sales.Market risk (Item 7A)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

United Kingdom

earns from · 24%named as a risk

As a percentage of the Company’s total Net sales, the net sales of foreign operations, for which transactions are primarily in local currencies were 7% in 2025, 8% in 2024 and 8% in 2023, with the Canadian, UK, and Brazilian operations representing approximately 33%, 24%, and 19%, respectively, of 2025 total international Net sales.Market risk (Item 7A)

Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more

Brazil

earns from · 19%named as a risk

As a percentage of the Company’s total Net sales, the net sales of foreign operations, for which transactions are primarily in local currencies were 7% in 2025, 8% in 2024 and 8% in 2023, with the Canadian, UK, and Brazilian operations representing approximately 33%, 24%, and 19%, respectively, of 2025 total international Net sales.Market risk (Item 7A)

Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more

Mexico

depends onnamed as a risk

We rely on materials, components and finished goods that are sourced from or manufactured in foreign countries including Mexico, China, and other international countries.Risk factors (Item 1A)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more

China

depends onnamed as a risk

We rely on materials, components and finished goods that are sourced from or manufactured in foreign countries including Mexico, China, and other international countries.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Commodities and inputs

Term SOFR

exposed to its price · $600.0 million outstanding from the Term Loan Agreement

As of December 31, 2025 the Company had $600.0 million outstanding from the Term Loan Agreement, and the interest rate is variable based on the adjusted term SOFR rate.Market risk (Item 7A)

Also named by BWIN, CLH, DORM, DPZ, DY, ECG, IBP, IEX and 9 more

Steel

exposed to its pricenamed as a risk

We use a variety of raw materials in the production of our products including steel, aluminum, brass, copper, bronze, zinc, nickel, plastics, elastomers and petrochemicals.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Aluminum

exposed to its pricenamed as a risk

We utilize materials (such as steel, aluminum and copper), components and finished goods that are sourced from or manufactured in foreign countries, including Canada, China, Mexico and countries in Europe.Risk factors (Item 1A)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Copper

exposed to its pricenamed as a risk

We utilize materials (such as steel, aluminum and copper), components and finished goods that are sourced from or manufactured in foreign countries, including Canada, China, Mexico and countries in Europe.Risk factors (Item 1A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Electronic components (printed circuit boards, integrated circuit chips)

depends onnamed as a risk

Certain of these materials are sourced from a limited number of suppliers.Risk factors (Item 1A)

Also named by GGG, JOUT, LECO, MSA, NVT, ROK, SNA, SYK and 4 more

Europe energy prices

exposed to its pricenamed as a risk

For example, increases in energy demand and supply disruptions caused by the conflict in Ukraine have resulted in significantly higher energy prices, particularly in Europe.Risk factors (Item 1A)

Also named by JBTM

Laws and programs

OECD Pillar Two

subject tonamed as a risk

As jurisdictions implement these measures potentially with retroactive effect our effective tax rate, cash taxes, and financial results could be materially impacted.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more

EU General Data Protection Regulation (GDPR)

subject tonamed as a risk

For example, the European Union’s General Data Protection Regulation, the European Union’s pending ePrivacy Regulation and the implementation of the ePrivacy Directive by the various European Union member states, and California’s Consumer Privacy Act of 2018 and Connected Device Privacy Act of 2018, as well as data privacy statutes implemented by other states, could all disrupt our ability to sell products and solutions or use and transfer data because such activities may not be in compliance with applicable law in certain jurisdictions.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

United States-Mexico-Canada Agreement (USMCA)

subject tonamed as a risk

In prior years, the U.S. government has announced and, in some cases, implemented new approaches to trade policy, including renegotiating, or potentially terminating, certain existing bilateral or multi-lateral trade agreements, such as the North American Free Trade Agreement (“NAFTA”), which was replaced by the U.S.-Mexico-Canada Agreement on July 1, 2020, and is currently up for review in 2026, as well as implementing the imposition of additional tariffs on certain foreign goods, including finished products and raw materials such as steel and aluminum.Risk factors (Item 1A)

Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more

U.S. tariffs on steel and aluminum

subject tonamed as a risk

The U.S. also announced new tariffs on foreign steel and aluminum, which took effect in March 2025.Risk factors (Item 1A)

Also named by AGX, CTOS, ENB

Dodd-Frank Act conflict minerals rules

subject tonamed as a risk

These requirements could limit the pool of suppliers who can provide conflict-free minerals and as a result, we cannot ensure that we will be able to obtain these conflict-free minerals at competitive prices.Risk factors (Item 1A)

Also named by AAON, CRS

U.S. 2025 tariffs

subject tonamed as a risk

Additionally, in 2025, the U.S. announced a series of significant new tariffs to be imposed on goods from a broad set of countries, including, but not limited to, Canada, China, Mexico, European Union member states and various other countries around the world.Risk factors (Item 1A)

Also named by ONTO