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HMH Holding (HMH) guidance and outlook
HMH Holding's 10-Q filed Nov 4, 2026 makes 10 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 4, 2026
- Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide.
- During the three and nine months ended September 30, 2026, we derived 9.8% and 13.7% of our revenue from sales of projects and products, respectively, compared to 24.9% and 27.1% during the three and nine months ended September 30, 2025, respectively.
- We believe that oil and gas will continue to play a leading role in the future global energy mix.
- Historically, we have seen aftermarket-driven demand growth as offshore drilling activity increases, and we expect that pattern to continue.
- However, our business mix is increasingly weighted towards long-term offshore projects outside of the Middle East, which are advancing largely as planned.
- Supported by improving offshore drilling activity, we have seen growth in backlog and higher utilization of our products and services, reinforcing our overall positive outlook for global oil and gas activity.
- Cost of Sales: Our cost of sales consists of costs related to the manufacturing and procurement of our products and projects in addition to the costs of our aftermarket services and spare parts.
- Cost of sales related to the manufacturing and procurement of our products and projects includes the cost of components sourced from third-party suppliers and direct and indirect costs to manufacture and supply products and projects, including labor, materials, machine time, lease expense related to our manufacturing facilities, freight and other variable manufacturing costs.
- The decrease in contract assets was primarily due to the timing of revenue recognition relative to our contractual right to bill customers and the decrease in inventories was primarily due to the timing of inventory purchases in anticipation of expected future demand.
- Adjusted EBITDA does not represent funds available for our discretionary use and is not intended to represent or to be used as a substitute for net income, as measured in accordance with generally accepted accounting principles in the United States of America ("GAAP").
HMH Holding's latest quarter
HMH Holding, Q3 2026: revenue $171M (-21% year over year), operating margin 12.8%, net earnings $5.0M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
Questions
What does HMH Holding expect?
Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide. During the three and nine months ended September 30, 2026, we derived 9.8% and 13.7% of our revenue from sales of projects and products, respectively, compared to 24.9% and 27.1% during the three and nine months ended September 30, 2025, respectively. We believe that oil and ga
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.