HMH Holding Inc. specializes in delivering essential, purpose-built equipment solutions critical for both offshore and onshore oil and natural gas extraction. Their offerings span drilling apparatus, support services, and comprehensive systems. The company operates through two distinct primary divisions: Equipment and System Solutions, and Pressure Control Systems. The Equipment and System Solutions segment provides holistic drilling configurations, encompassing complete topside drilling setups and related services, for its diverse land-based and marine oil and gas clientele. Meanwhile, the Pressure Control Systems segment focuses on supplying a range of integrated products and complementary services for drilling operations. HMH Holding Inc. was established on April 29, 2024, and its corporate headquarters are located in Houston, Texas.
HMH Holding Inc. Announces Second Quarter 2026 Results
HMH reported Q2 2026 revenue of $170.8 million, a 16% decrease year-over-year, with net income attributable to the company of $5.0 million.
The company generated $205 million in orders, up 19% from the prior year, resulting in a book-to-bill ratio of 1.2x and an Adjusted EBITDA margin of 19.8%.
Despite a 65% drop in product revenue due to Middle East delays, HMH achieved positive free cash flow of $22.2 million and expanded gross margins to 36%.