London · Delayed Price · Currency is GBP · Price in GBX Hunting Earnings Call Transcripts
Fiscal Year 2026
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Strong 2025 results, increased shareholder distributions, and strategic acquisitions were highlighted. The company is expanding in subsea, non-oil and gas sectors, and expects significant OOR growth by 2030. Voting was conducted by poll, with results to be published.
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Subsea technology and OOR are driving a transformation to a high-margin, integrated technology partner, with strong financial performance, robust growth pipeline, and minimal CapEx for scaling. Acquisitions and innovation underpin a strategy targeting $470 million subsea and $100 million OOR revenue by 2030.
Fiscal Year 2025
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EBITDA rose to $135.7M with strong cash generation and improved margins, driven by OCTG and subsea. Strategic acquisitions, cost savings, and a robust order pipeline support 2026 guidance of $145–$155M EBITDA and 13–14% margins.
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Revenue and EBITDA grew 7% and 16% year-over-year, driven by strong OCTG and subsea performance, strategic acquisitions, and cost reductions. Guidance is maintained, with robust cash flow, record margins, and a focus on international growth and shareholder returns.
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Strong first-half results and robust financials support increased dividends and a $40 million share buyback. Recent acquisitions in Subsea and Oil Recovery drive high-margin growth, while international expansion and operational excellence underpin a positive outlook.
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Delivered strong 2024 results with EBITDA up over 20% and robust cash generation. Strategic focus includes cost reductions, M&A, and technology-driven growth in both oil and non-oil sectors. Energy transition and ESG remain key priorities.
Fiscal Year 2024
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Delivered strong 2024 results with 13% revenue growth, 23% higher EBITDA, and record free cash flow, driven by offshore and subsea expansion. Restructuring and cost savings improved margins, while a robust order book and strong liquidity support positive 2025–2026 outlook.
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Record order book and strong international growth offset U.S. market softness, driving a 3% revenue increase and 23% EBITDA growth. Subsea and OCTG segments lead performance, while Titan faces headwinds. Guidance is reaffirmed, with a focus on margin improvement and cash flow.