Hardide (LSE:HDD) has won a follow-on contract valued at $1.0m from a North American customer, extending a commercial relationship first highlighted in December 2025. The order is scheduled for delivery in the second half of the 2026 financial year and is expected to lift trading performance ahead of previous expectations.
The additional revenue is set to support planned infrastructure upgrades at the company’s Martinsville facility, aimed at improving operational efficiency and increasing capacity to meet growing demand in the region. Management said the order underlines both the strategic importance of this customer relationship and the longer-term growth opportunity Hardide sees in the North American market.
From an investment standpoint, the outlook is increasingly supported by improving financial momentum, including a return to profitability and positive free cash flow, alongside a strong upward trend in the share price. These positives are partly offset by valuation considerations, with a very high price-to-earnings multiple and no dividend yield, leaving returns more dependent on the company sustaining its growth trajectory.
More about Hardide
Hardide plc is a UK-based specialist in advanced surface coating technology. The company develops, manufactures and applies patented tungsten carbide and tungsten metal matrix coatings that offer high resistance to abrasion, erosion and corrosion while maintaining toughness. Hardide’s technology is used to extend component life and improve efficiency across sectors including energy, valve and pump manufacturing, industrial gas turbines, precision engineering and aerospace.
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