Overview

* McCoy Q3 revenue fell 6% yr/yr due to deferred shipments

* Net earnings for Q3 rose 7% yr/yr despite revenue decline

* Adjusted EBITDA for Q3 decreased 24% yr/yr due to shipment deferrals

Outlook

* McCoy expects smartProduct demand to grow in MENA region despite market headwinds

* Company anticipates TRS contract awards in Eastern Hemisphere in Q1 2026

* McCoy focuses on strategic investments to support long-term growth

Result Drivers

* DEFERRED SHIPMENTS - Revenue impacted by deferral of C$3.4 mln in shipments due to logistics and payment delays

* SMARTPRODUCT VARIABILITY - Timing of capital equipment orders affected smartProduct revenue

* TAX AND INCENTIVE IMPACT - Lower taxes and reduced incentive accruals supported earnings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$14.83

Revenue mln

Q3 Net C$554,00

Income 0

Q3 C$2.03

Adjusted mln

EBITDA

Q3 C$1.63

EBITDA mln

Q3 Gross C$3.31

Profit 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 ( MCCRF ) is C$5.75, about 44.3% above its November 6 closing price of C$3.20

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)