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The latest announcement is out from Hardide ( (GB:HDD) ).
Hardide reported a record first half for the six months to 31 March 2026, with revenue up 71% to £4.8m, gross margins rising to 65% and operating profit reaching £1.3m, translating into positive earnings per share. Growth was driven primarily by surging energy-sector demand, especially from a major new North American customer, alongside efficiency gains that lifted operating margins to 26.8% and boosted cash to £1.5m despite higher working capital needs.
The Group expects second-half revenues to benefit from an additional £1.8m energy order, the transition of an aerospace cargo door coating contract into production and the first industrial turbine blade order since 2022. Ongoing infrastructure upgrades at its Martinsville, U.S. plant and process improvements are set to raise capacity toward about £20m annual revenue with limited extra capital, positioning Hardide to exceed its target of doubling FY24 revenues ahead of schedule and improving returns on capital over time.
Spark’s Take on HDD Stock
According to Spark, TipRanks’ AI Analyst, HDD is a Neutral.
The score is driven mainly by the improving financial trajectory in FY2025 (return to profitability and positive free cash flow) but moderated by thin margins and increased leverage. Technicals add support via a longer-term uptrend with neutral momentum. Valuation is a positive factor due to the low P/E.
To see Spark’s full report on HDD stock, click here.
More about Hardide
Hardide plc is a U.K.-based provider of advanced tungsten carbide and tungsten metal matrix surface coating technologies for engineering components used in harsh environments. Its patented coatings combine toughness with resistance to abrasion, erosion and corrosion, and can be precisely applied to complex geometries, serving customers in energy, valve and pump manufacturing, industrial gas turbines, precision engineering and aerospace.
Average Trading Volume: 390,469
Technical Sentiment Signal: Buy
Current Market Cap: £30.34M
See more insights into HDD stock on TipRanks’ Stock Analysis page.