Canada's McCoy Global Q4 revenue rises, pauses quarterly dividend amid Middle East conflict

McCoy Global

06/03/2026 12:09

Overview

Canada well construction automation firm's Q4 revenue rises 1% yr/yr

Adjusted EBITDA for Q4 remained consistent with prior year

Company paused quarterly dividend due to Middle East conflict

Geopolitical developments in the Middle East introduced uncertainty, affecting logistics and delivery schedules

Outlook

McCoy expects shipment delays due to Middle East conflict, affecting revenue recognition

Company pauses quarterly dividend to maintain financial flexibility

McCoy plans 2026 investments in smartProduct development to enhance operational efficiency

Result Drivers

SMARTPRODUCT DEMAND - Revenue growth in Q4 driven by strong demand for smartProducts, which accounted for 55% of total revenue

TECHNOLOGY COMMERCIALIZATION - Successful commercialization of smarTR™ system and other smartProducts contributed to revenue growth

Company press release: ID:nCNW21x38a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$25.55 mln
C$22.60 mln (2 Analysts)
Q4 Net Income
C$6.15 mln
Q4 Adjusted EBITDA
Beat
C$6.50 mln
C$4.90 mln (2 Analysts)
Q4 Gross Profit
C$9.47 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for McCoy Global Inc is C$5.75, about 75.3% above its March 5 closing price of C$3.28

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)