08:11 AM EDT, 05/02/2025 (MT Newswires) -- McCoy Global ( MCCRF ) on Friday reported lower earnings in the first quarter.

Net earnings for the three months ended March 31 declined to $0.9 million, or $0.03 per basic and diluted share, compared with $1.0 million, or $0.04 per basic and diluted share, a year earlier.

Revenue increased to $19.3 million compared with $16.5 million a year-ago, driven by strong demand for the company's newly commercialized smartProducts and the delivery of several hydraulic smartCRTs.

McCoy will pay a quarterly cash dividend of $0.025 per common share on July 15 to shareholders of record at the close of business on June 30. The latest dividend is unchanged from the prior quarter.

Shares of the company closed down 1.2% to $3.35 on Thursday on the Toronto Stock Exchange.