Hunting Stock: Share Buyback Fuels Growth Strategy

Hunting PLC is making waves with impressive financial performance and strategic maneuvers to reward shareholders. The British precision engineering company reported a robust 16% increase in EBITDA for the first half of 2025, reaching between $68-70 million. With a substantial order backlog of $450 million and an impressive pipeline valued at $1.1 billion, Hunting demonstrates strong market positioning. The company has implemented an ambitious growth strategy through strategic acquisitions, investing approximately $69 million net in reshaping its business portfolio. These moves include the $63 million purchase of Flexible Engineered Solutions and an $18 million investment in Organic Oil Recovery technology, while divesting its stake in Rival Downhole Tools for $12 million.

Shareholder Returns and Restructuring

The company's strong cash position of $79 million enables significant shareholder benefits, including an increased annual dividend growth from 10% to 13% and a newly announced $40 million share buyback program set to launch after the August 28 half-year report. Simultaneously, Hunting is restructuring its EMEA division by closing facilities in the Netherlands and Norway while transferring operations to Indonesia, Saudi Arabia, UAE, and the UK—changes expected to yield annual savings of $10 million. Despite market volatility, management maintains its full-year guidance of $135-145 million EBITDA and projects year-end liquidity between $65-75 million before considering the buyback program and potential future acquisitions.

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Source StockWorld