Hardide (AIM:HDD) shares surged 18.3%, to 60.34p, after the company announced it had received £2.4m of orders from a large North American energy customer that exceed the board's previous expectations for FY26.
The majority of the new order intake will be produced at the Group's Martinsville, USA facility and will be supplied concurrently with recently announced orders being fulfilled from its Bicester, UK plant.
It said recent operational improvements have enabled it to deliver its order book faster; Hardide develops and applies tungsten carbide/tungsten metal matrix surface coatings.
"We expect these orders to continue into the next financial years and, as we work more closely with the customer, are developing a mutually beneficial schedule for orders and deliveries which will underpin FY27," Matt Hamblin, Chief Executive, said.
The new orders include selling-price surcharges to mitigate recent input-cost inflation, and Hardide has secured process gas supplies at known costs covering anticipated demand for the remainder of FY26 and into the first half of FY27, with no restrictions in tungsten gas supply experienced to date.
