Hunting ( (GB:HTG) ) just unveiled an announcement.
Hunting PLC reported significant revenue and profit growth for the year ended December 2024, driven by international and offshore markets. The company achieved a 13% increase in revenue to $1,048.9 million and a 23% rise in EBITDA to $126.3 million. Despite a statutory loss before tax due to a non-cash impairment, Hunting is progressing with its strategic objectives, securing major contracts and expanding its manufacturing capabilities. The company is also focusing on energy transition projects and restructuring efforts to enhance long-term profitability.
More about Hunting
Hunting PLC is a precision engineering group focused on the oil and gas industry, with a strong emphasis on international and offshore markets. The company specializes in products such as OCTG and subsea components, and is expanding into energy transition and low carbon solutions.
YTD Price Performance: 6.23%
Average Trading Volume: 407,735
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £499.3M
Learn more about HTG stock on TipRanks’ Stock Analysis page.