HMH
HMH Holding Inc
Research: Finviz ↗·Perplexity ↗
No convergence signal this quarter — shown because tracked funds have filed 13D/G on this stock.
News Summary
NeutralHMH reported Q2 2026 revenue of $170.8M (down 16% YoY) with net income of $5.0M, but maintained full-year 2026 EBITDA guidance ($157–177M) citing expected H2 acceleration and strong order growth (+19% YoY, 1.2x book-to-bill). The company has achieved 80% visibility into 2027 floater rig demand, supported by margin expansion in spares/service, though product revenue collapsed 65% and near-term execution risks remain.
Red flags
- •Product revenue declined 65% in Q2 with acknowledged delays and weak starting backlog posing near-term execution risk
- •Overall revenue down 16% YoY despite margin expansion, indicating demand headwinds in core segments
- •Management provided no quantitative guidance for revenue, earnings, or cash flow, limiting visibility
- •Geopolitical headwinds flagged as ongoing risk factor
- •Net income fell 44% YoY ($5.0M vs. $8.9M) despite EBITDA margin improvement, signaling profitability pressure
Fund 13D/13G Filings (3)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).