Brief: Hunting Plans $15 Mln In Cost Reductions By End-2027
BRIEF-Hunting Plans $15 Mln In Cost Reductions By End-2027 Aug 21 (Reuters) - Hunting PLC HTG.L:
HUNTING PLC - RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026
HUNTING H1 OPERATING PROFIT USD 39.7 MILLION
HUNTING H1 EBITDA USD 62.1 MILLION
HUNTING H1 DIVIDEND USD 0.07
HUNTING H1 ADJUSTED EPS USD 0.152
HUNTING H1 REVENUE USD 497 MILLION
HUNTING PLC: CURRENT INSTABILITY IN MIDDLE EAST HAS CAUSED SOME DELAYS TO TENDERING
HUNTING - REVISED 2026 EBITDA GUIDANCE RANGE $138-$141 MLN
HUNTING PLC: EXPECT ACTIVITY IN MIDDLE EAST REGION TO RAPIDLY RECOVER ONCE STABILITY RETURNS
HUNTING PLC - IN NORTH AMERICA, ACTIVITY LEVELS ARE EXPECTED TO INCREASE STEADILY
HUNTING PLC: $15M OF COST REDUCTIONS PLANNED BY END OF 2027
HUNTING PLC - ACROSS SOUTH AMERICA, ONSHORE AND OFFSHORE ACTIVITY IS PROJECTED TO CONTINUE GROWING
HUNTING - CAPTURES ANNUALISED SAVINGS OF $11 MLN THROUGH EMEA RESTRUCTURING
HUNTING PLC - ACCELERATED OCTG TENDER PROCESS NOW EXPECTED TO BE RE-ISSUED DURING Q3 2026
HUNTING PLC - REMAINS WELL-PLACED TO SECURE FURTHER ORDERS FROM KOC AND OTHER TENDERS UNDERWAY ACROSS MIDDLE EAST AND ASIA PACIFIC
HUNTING PLC - KOC TENDER PROCESS DELAY WILL HAVE AN IMPACT OF C.$10M ON 2026 EBITDA
HUNTING PLC - DIRECTORS ANTICIPATE CONTINUED YEAR-ON-YEAR GROWTH INTO 2027
HUNTING PLC - AS PART OF EMEA OPERATING SEGMENT RESTRUCTURING, FACILITIES IN NETHERLANDS, NORWAY CLOSED & FORDOUN, UK FACILITY TO BE CLOSED IN SEPT
HUNTING PLC - AS PART OF EMEA OPERATING SEGMENT RESTRUCTURING ANNUALISED SAVINGS OF C.$11M HAVE BEEN CAPTURED
HUNTING PLC H1 SALES ORDER BOOK $386.5 MLN
HUNTING PLC H1 ADJUSTED PROFIT BEFORE TAX $34.5 MLN
Source text: ID:nRSU5793Ra
Further company coverage: HTG.L