Here are 1-3 brief analogies for HMH (Houghton Mifflin Harcourt):

• A K-12 focused version of McGraw-Hill Education or Pearson.
• The Scholastic of digital K-12 curriculum and learning platforms.
• The Disney of K-12 educational content.

• Core Curriculum Solutions: Provides comprehensive educational programs, textbooks, and digital learning platforms for K-12 subjects.
• Professional Learning: Offers professional development programs and coaching for educators to improve instructional practices and curriculum implementation.
• Assessment Solutions: Develops and delivers diagnostic, formative, and summative assessment tools to measure student performance and progress.
• Supplemental and Intervention Programs: Provides targeted resources and programs designed to support student learning beyond core instruction, including intervention and test preparation.

John "Jack" Lynch, President, Chief Executive Officer, and Director

Jack Lynch joined HMH in 2017, bringing an extensive background in K–12 education and technology. Prior to HMH, he served as CEO at Renaissance Learning, a leader in K–12 learning analytics, which was owned by Hellman & Friedman and Google Capital. He was also the founding CEO of bigchalk.com, an education network that served 40,000 schools, and later served as president and CEO of the Pearson Technology Group. He was involved in the sale of bigchalk.com within a larger company to Wolters Kluwer.

Joe Abbott, Chief Operating and Financial Officer

Joe Abbott has served as Chief Financial Officer at HMH since 2016. Before joining HMH, he was an investment banker in the Global Media and Communications Group at Morgan Stanley, where he advised clients in the education content and information services sectors and was involved in significant transactions within the education sector. Abbott also served as an officer in the United States Navy as a Submarine Officer.

Jim O'Neill, President, Core and Supplemental Solutions

Jim O'Neill brings over 20 years of experience in educational technology, product development, strategy, marketing, and sales support. He focuses on enhancing HMH's core and supplemental businesses. Previously, he was the Chief Product and Strategy Officer for Achieve3000, and he has also held roles at Pearson, National Geographic, and a prior tenure at HMH as Senior Vice President, Product Management and Strategy.

Matthew Mugo Fields, President, Integrated Platform

Matthew Mugo Fields manages the development and growth of HMH's integrated platform. He previously served as Executive Vice President and General Manager for Supplemental Curriculum at HMH. Prior to HMH, he worked at McGraw-Hill Education, overseeing strategy, operations, marketing, and product development. Fields also founded education technology start-ups Redbird Advanced Learning and GiftedandTalented.com, both of which were acquired by McGraw-Hill.

Mike Evans, Chief Revenue Officer

Mike Evans is responsible for HMH's K-12 go-to-market and customer lifecycle functions, including sales, marketing, and customer success. Before joining HMH, he was the Chief Financial Officer for McGraw Hill Education and played a key role in its proposed merger with Cengage. He also served as Chief Operating Officer and Chief Financial Officer for Renaissance Learning, a SAAS provider to Pre-K12 schools, which was a private equity-backed company. Additionally, he was the Chief Operating Officer at Bigchalk.

The rapid advancement and potential widespread adoption of generative artificial intelligence (AI) tools pose an emerging threat. These technologies have the capacity to democratize educational content creation, enabling the development of highly personalized, dynamic, and adaptive learning materials, assessment tools, and tutoring systems at a fraction of the traditional cost and time. This could empower school districts to develop their own AI-driven curriculum solutions or increasingly turn to new, agile AI-first education technology providers, thereby reducing reliance on established publishers like HMH for comprehensive, pre-packaged digital curricula and assessments. While HMH is actively integrating AI into its offerings, the rapid pace of innovation in generative AI and the potential for entirely new disruptive models built upon it challenge the traditional curriculum development and publishing paradigm.

Houghton Mifflin Harcourt (HMH) was formerly a public company (symbol: HMH) before being acquired by Veritas Capital in 2022. HMH operates as a learning technology company primarily focused on providing Pre-K-12 educational content, services, and technology. Their main products and services include K-12 learning solutions (core curriculum, supplemental, intervention), assessments, and professional learning.

Addressable Markets for HMH's Main Products and Services:

• K-12 Learning Solutions (Curriculum, Supplemental, and Intervention):
  • The global K-12 digital curriculum market was valued at approximately USD 10.3 billion in 2024 and is projected to reach USD 377.7 billion by 2037. North America is expected to account for 34.5% of this global revenue share.
  • For broader educational content, specifically educational books in the United States, revenues generated over USD 8.03 billion in 2021.
• K-12 Assessments:
  • The global K-12 Testing and Assessment Market was valued at USD 12.7 billion in 2023 and is expected to grow to USD 26.9 billion by 2032. North America is a prominent region in the educational assessment market.
  • The global school assessment tools market was estimated at USD 11.38 billion in 2024 and is expected to reach USD 25.35 billion by 2032.
• Professional Learning/Development (for Educators):
  • Total spending on PreK-12 professional development in the U.S. was USD 5.99 billion in the 2022-2023 school year.

Expected drivers of future revenue growth for HMH (drilling solutions provider) over the next 2-3 years include:

• Expansion into New Markets and Adjacent Industries: HMH is actively pursuing opportunities in adjacent industries such as renewables and mining, leveraging its service and technology portfolio. The company is also focused on expanding its land capabilities and exploring other oil and gas capital equipment segments, alongside organic and inorganic initiatives to grow its non-oil and gas businesses.
• Deployment of Technologies for Increased Drilling Efficiency and Energy-Efficient Solutions: HMH aims to support the industry's transition towards more energy-efficient solutions and enhance competitiveness through increased drilling efficiency. This is driven by continued exploration and production demand for offshore hydrocarbons and the adoption of new technologies to improve equipment efficiency and safety.
• Growth in Aftermarket Services: The company has seen increased order intake within its Aftermarket Services segment, particularly in overhaul and repair. This growth in order intake is expected to contribute to future revenue.
• Project Milestones and Product Volume: Revenue growth has been driven by projects and product mix and volume. Continued progress on project milestones and favorable product volume will be a driver for future revenue.

Inbound Investments

• Veritas Capital acquired HMH for approximately $2.8 billion in an all-cash transaction, with shareholders receiving $21 per share. The acquisition, announced in February 2022, represented a 36% premium to HMH's unaffected share price as of January 13, 2022. This deal, which enabled HMH to pursue its long-term growth strategy with a partner offering significant industry expertise, was unanimously approved by HMH's Board of Directors and completed in April 2022.

Outbound Investments

• HMH divested its consumer publishing business, HMH Books & Media, to HarperCollins Publishers for $349 million. The agreement was announced in March 2021 and finalized on May 10, 2021. The net cash proceeds of approximately $337 million from the sale were intended to be used to pay down debt and further align the company's capital structure with its "Digital First, Connected" strategy, allowing HMH to focus singularly on K–12 education.

Capital Expenditures

• In 2020, HMH reported capital expenditures of $112 million.
• For 2021, capital expenditures were approximately $29 million.
• The primary focus of capital expenditures for HMH during this period was on technology and content development, supporting the company's shift towards a digital-first strategy in educational publishing.