HMH Holding Inc. - Common Stock (HMH)

Margins expanded despite revenue decline as service orders surged 50% year over year.

HMH (NASDAQ:HMH) reported second-quarter revenue of $171 million and adjusted EBITDA of $34 million, as stronger spares activity and digital technology orders helped offset slower product bookings and repair work. The company said its adjusted EBITDA margin rose year over year to 19.8%, supported by