HMH Q3 2026 attributable net income drops 69% year over year to $4.98 million

Bitget2026/11/04 21:10

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HMH Holding’s third-quarter 2026 net income attributable to shareholders fell 69% year over year to $4.98 million.
Revenue dropped 21% year over year to $171.1 million, driven by lower volume across products, services and spare parts.
Operating cash flow swung to an outflow of $6.19 million from an inflow in the third quarter of 2025.
Orders rose 12% year over year to $191 million; the quarter included the $14.5 million acquisition of Deepwater Riser Services.
CEO Eirik Bergsvik said larger equipment and upgrade opportunities shifted to later periods, with customer contract awards taking longer than anticipated.

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 GlobeNewswire (Ref. ID: 202611041602PRIMZONEFULLFEED9870389) on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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HMH Q3 2026 attributable net income drops 69% year over year to $4.98 million

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