Hubbell Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net sales were $854.2 million against $829.7 million a year ago. Operating income was $107.8 million compared to $111.9 million a year ago. Income before income taxes was $97.9 million compared to $90.7 million a year ago. Net income was $65.7 million compared to $62.7 million a year ago. Net income attributable to the company was $64.4 million compared to $61.5 million a year ago. Basic and diluted earnings per share was $1.16 against $1.06 a year ago. Adjusted net income was $75.3 million compared to $76.0 million a year ago. Adjusted net income available to common shareholders was $75.1 million compared to $75.8 million a year ago. Adjusted earnings per diluted share was $1.35 against $1.31 a year ago. Adjusted operating income was $123.8 million compared to $118.6 million a year ago.

For the year, the company reported net sales were $3,505.2 million against $3,390.4 million a year ago. Operating income was $477.8 million compared to $474.6 million a year ago. Income before income taxes was $430.4 million compared to $418.6 million a year ago. Net income was $297.8 million compared to $282.1 million a year ago. Net income attributable to the company was $293.0 million compared to $277.3 million a year ago. Diluted earnings per share was $5.24 against $4.77 a year ago. Net cash provided by operating activities was $398.2 million compared to $331.1 million a year ago. Capital expenditures were $67.2 million compared to $77.1 million a year ago. Net debt was $488.5 million as on December 31, 2016 compared to $238.9 million as on December 31, 2015. Adjusted net income was $316.8 million compared to $321.0 million a year ago. Adjusted net income available to common shareholders was $315.8 million compared to $320.2 million a year ago. Adjusted earnings per diluted share was $5.66 against $5.52 a year ago. Adjusted operating income was $512.8 million compared to $513.5 million a year ago.

The company anticipates full year of 2017 earnings per diluted share in the range of $5.60 to $5.80, up 7% to 11% compared to 2016 and including approximately $0.25 of restructuring and related costs. This range incorporates approximately $0.20 of incremental savings in 2017 from restructuring and related actions initiated prior to year-end 2016. The company also expect free cash flow to equal net income in 2017.