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The latest update is out from Hunting ( (GB:HTG) ).
Hunting PLC released its 2024 year-end trading update, reporting strong strategic progress aligning with its Hunting 2030 Strategy. The company achieved significant milestones within its OCTG and Subsea product groups, with revenue expected to be between $1,040-$1,050 million and EBITDA between $123-$126 million. The company experienced strong cash generation and closed the year with a robust order book of approximately $500 million. Looking ahead to 2025, Hunting anticipates continued EBITDA growth supported by a strong order book and cost savings initiatives, despite volatile market conditions. The company plans to restructure its EMEA operations and pursue earnings accretive acquisitions in subsea opportunities, with a focus on North and South America, the Middle East, and Asia Pacific.
More about Hunting
Hunting PLC is a global precision engineering group that provides precision-manufactured equipment and premium services. Established in 1874, it is a public company listed on the London Stock Exchange and operates in various regions including the United Kingdom and the United States, with headquarters in London and a corporate office in Houston.
YTD Price Performance: 6.23%
Average Trading Volume: 442,163
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £497.7M
See more insights into HTG stock on TipRanks’ Stock Analysis page.
