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HMH reports Q1 2026 revenue down 14%, net income down 44%, but completes successful IPO raising $197.8M.

Company Fundamentals
06 May 2026
GlobeNewsWire
View Source
Neutral
pluang ai news

HMH Holding Inc. announced its Q1 2026 results with revenue of $171.3 million, down 14% year-over-year, and net income of $3.4 million, down 44%. Adjusted EBITDA remained flat at $30.1 million. Despite lower sales due to reduced backlog and market volatility, the company completed a successful IPO in April, raising net proceeds of $197.8 million. HMH expects a positive outlook for offshore and onshore drilling supported by higher oil prices and energy security concerns, projecting full-year adjusted EBITDA between $157 million and $177 million.

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