HMH Holding Q1 FY26 net income drops 34% to $3.88 million; revenue falls 14% to $171.32 million

• HMH Holding posted net income of USD 3.88 million as revenue fell 14% to USD 171.32 million.
• Operating income rose 20% to USD 19.16 million as total cost of sales dropped 18% to USD 116.63 million.
• Service revenue slid 14% to USD 72.01 million due to lower order intake in the second half of 2025, while product revenue sank 41% to USD 32.47 million on customer capital expenditure deferrals.
• Spare parts revenue climbed 11% to USD 66.52 million on higher volume as customers prepared for increased activity reflecting a market rebound.
• Completed IPO of 10,520,000 shares at USD 20 per share for net proceeds of about USD 197.8 million, later raising an additional USD 12.9 million from the underwriters’ option exercise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HMH Holding Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-031295), on May 06, 2026, and is solely responsible for the information contained therein.