HMH Holding Inc. - Common Stock (HMH)

HMH (NASDAQ:HMH) revised its 2026 earnings outlook as delayed equipment orders, slower rig reactivations and disruptions in the Middle East weighed on third-quarter results and cash flow. Executives said they expect activity to improve in 2027, particularly among the offshore floating rigs that use

Margins expanded despite revenue decline as service orders surged 50% year over year.

HMH (NASDAQ:HMH) reported second-quarter revenue of $171 million and adjusted EBITDA of $34 million, as stronger spares activity and digital technology orders helped offset slower product bookings and repair work. The company said its adjusted EBITDA margin rose year over year to 19.8%, supported by