Hardide plc (LSE:HDD) said it has received its first production order for second-generation tool components from a North American energy sector customer.
The order is valued at approximately $1.9 million and is scheduled for delivery during the first two months of Hardide’s 2027 financial year.
Production will be divided approximately equally between the company’s manufacturing facilities in the UK and US.
Second-Generation Components to Increase During FY27
The second-generation components will be manufactured alongside existing orders for first-generation products for the same customer.
Hardide expects the newer components to account for the majority of its work for the customer as the 2027 financial year progresses.
The company said the order supports management’s existing expectations for FY27.
Hardide Supplies Industrial Coatings
Hardide provides advanced surface coating technology for engineering components, specialising in tungsten carbide and tungsten metal matrix coatings.
Its coatings are used to provide resistance to abrasion, erosion and corrosion and can be applied to internal surfaces and complex component geometries.
The company serves customers across the energy, valve and pump, industrial gas turbine, precision engineering and aerospace sectors.
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