Hunting plc (GB:HTG) has released an update.
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Hunting PLC has landed its largest ever order, worth $145 million, for OCTG casing from the Kuwait Oil Company, with expected revenue recognition from Q4 2024 into 2025. This order boosts Hunting’s sales order book to a record approximately $665 million, providing significant earnings visibility for the Asia Pacific region and supporting the company’s 2030 Strategy for growth in revenue and profits, especially in the Middle East. Management now anticipates 2024 EBITDA to be at the higher end of the $125-135 million range due to this substantial order.
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