Quarterly ResultMay 6, 2026, 04:25 PM
HMH Completes IPO, Reports Q1 Revenue $171.3M, Net Income $3.4M
AI Summary
HMH Holding Inc. announced its first-quarter 2026 financial and operational results, alongside the successful completion of its initial public offering (IPO). For Q1 2026, revenue decreased by 14% year-over-year to $171.3 million, and net income attributable to HMH Holding B.V. fell 44% to $3.4 million. However, Adjusted EBITDA remained relatively flat at $30.1 million. The company completed its IPO on April 2, 2026, raising $197.8 million in net proceeds, which were primarily used for debt repayment and working capital. CEO Eirik Bergsvik expressed encouragement regarding a strengthening market and provided a positive outlook, projecting full-year 2026 Adjusted EBITDA between $157 million and $177 million.
Key Highlights
- Completed IPO on April 2, 2026, raising $197.8 million net proceeds.
- Underwriters exercised option for 685,844 shares, generating $12.9 million net.
- Q1 2026 Revenue was $171.3 million, down 14% from Q1 2025.
- Q1 2026 Net income attributable to HMH Holding B.V. was $3.4 million, down 44% from Q1 2025.
- Q1 2026 Adjusted EBITDA was $30.1 million, relatively flat compared to Q1 2025.
- Q1 2026 Orders were $218 million, up 10% from Q1 2025, with a book-to-bill of 1.3x.
- Full-year 2026 Adjusted EBITDA guidance is $157 million to $177 million.