HMH Q3 2026 revenue falls 21% to $171.1 million; net income $5.0 million
HMH Holding reported third quarter 2026 revenue of $171.1 million, down 21% from a year earlier, and net income attributable to HMH of $5.0 million, compared with $16.2 million in the third quarter of 2025. Management said several equipment and upgrade opportunities shifted to later periods, while orders rose 12% year over year. The company also completed its $14.5 million acquisition of Deepwater Riser Services and is consolidating its U.S. Gulf riser operations in Houma, Louisiana.
Key points
- Revenue of $171.1 million, down 21% from $217.2 million in Q3 2025 and substantially flat versus Q2 2026
- Net income attributable to HMH of $5.0 million, versus $16.2 million in Q3 2025
- Orders of $191 million, up 12% year over year and down 7% sequentially; book-to-bill of 1.12x
- Adjusted EBITDA of $38.2 million, down 3% year over year and up 13% sequentially; no full-year guidance given
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.