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Earnings

McCOY GLOBAL ANNOUNCES THIRD QUARTER 2025 RESULTS AND DECLARATION OF QUARTERLY DIVIDEND

By The Northwire Desk — AI Analysis Nov 07, 2025 · 07:00 MCB · 3.2 MCCOY GLOBAL INC.
MCB · Price

Executive Summary

  • McCoy Global reported Q3 2025 revenue of $14.8 M (‑6% YoY) and net earnings of $0.6 M, a modest 7% increase over the prior year.
  • Adjusted EBITDA fell to $2.0 M ($14% of revenue), reflecting margin compression due to a $3.4 M shipment deferral.
  • The Board declared a quarterly cash dividend of $0.025 per common share payable on Jan‑15‑2026.

Key Details

  • Revenue: $14.8 M (Q3 2025) vs. $15.8 M (Q3 2024). Decline driven by $3.4 M deferred shipments.
  • SmartProduct Revenue: $4.0 M (27% of total Q3 2025); nine‑month smartProduct revenue $30.3 M (52% of total, up 76% YoY).
  • Net Earnings: $0.6 M ($0.02 per basic share) vs. $0.5 M in Q3 2024.
  • Adjusted EBITDA: $2.0 M (14% of revenue) vs. $2.7 M (17%) YoY.
  • Backlog: $27.7 M at Sep‑30‑2025 (down from $30.1 M).
  • Book‑to‑Bill Ratio: 1.17 (down from 1.53 YoY).
  • Cash & Cash Equivalents: $3.5 M as of quarter end.

Commercial Milestones

  • Completed in‑field trials and commercialized the smarTR™ system; secured $11.0 M of contract awards from U.S. trial partners.
  • Delivered multiple smartCRT™ units to Middle East and U.S.; received technical approval from a major NOC.
  • Launched 500T smartFMS™ and external‑grip smartCRT™ products.
  • Secured a $3.7 M purchase commitment for deep‑water offshore hydraulic power tong systems (delivery Q1 2026).

Dividend

  • Quarterly cash dividend of $0.025 per common share, payable Jan 15 2026 to shareholders of record Dec 31 2025.

Notable Quotes

“In the third quarter, we made meaningful progress advancing our Technology Roadmap… Contract awards under this tender are expected to be announced in Q1 2026.” – Jim Rakievich, President & CEO
“Our priority remains investing in strategic initiatives that support long‑term growth while maintaining financial flexibility.” – Lindsay McGill, Vice President & CFO

Read the original news release →

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SEDAR Interim Financial Statements

None Aug 08, 2025 · 07:00

McCOY GLOBAL ANNOUNCES SECOND QUARTER 2025 RESULTS AND DECLARATION OF QUARTERLY DIVIDEND

Earnings