The lighting market is mixed. The US Hubbell group announced its third quarter results.

Recently, Hubbell Incorporated announced its operating performance in the third quarter ended September 30, 2018.

In the third quarter of 2018, net sales amounted to US $1 billion 180 million (about 8 billion 229 million yuan), representing an increase of 24% over the third quarter of 2017, which was US $951 million (about 6 billion 632 million yuan). Operating income in the third quarter was US $164 million (about 1 billion 143 million yuan), compared with us $150 million in 2017 (about 1 billion 46 million yuan).

In the first nine months of 2018, net sales amounted to US $3 billion 340 million (about 23 billion 261 million yuan), compared with 2 billion 750 million US dollars in September (about 19 billion 152 million yuan) in 2017, an increase of 21%. Business income in the first nine months was $420 million (about 2 billion 925 million yuan), compared with $392 million in 2017 (about 2 billion 730 million yuan).

David G. Nord, chairman, chief executive officer and chief executive officer, said that "the strong terminal market and higher price realization promoted the organic sales growth of 5% this quarter". The lighting market is still mixed.

"As expected, price increases have increased in operating margins, partly offset by increases in tariffs and material costs. 301 the implementation of tariffs has brought pressure on profits. We expect this situation to continue.

Note: the Harbert group (Hubbell Incorporated), founded in 1888, is headquartered in Connecticut, USA. Its products cover several major fields: line system (WDK), lighting system (Lighting systems), industrial explosion-proof system (Killark) and power system (Power systems). (Editor: LED net James)

For more LED related information, please click LED net or pay attention to WeChat public account (cnledw2013).