McCoy Global Q2 FY26 net earnings drop 92% to $0.1 million; revenue falls 28% to $17.2 million

Reuters2026/08/07 11:07

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McCoy Global Q2 2026 net earnings fell 92% to $0.1 million as revenue dropped 28% to $17.2 million.
Adjusted EBITDA fell 80% to $1.9 million, equal to 11% of revenue.
Gross profit slid 80% to $3.51 million, cutting gross margin to 20% from 36%.
Booked backlog declined 25.2% to $18.4 million; book-to-bill ratio weakened to 0.70 from 0.93.
Management cited Middle East geopolitical instability and Strait of Hormuz shipping disruption; ended Q2 with $8.3 million net cash, no debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. McCoy Global Inc. published the original content used to generate this news brief on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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McCoy Global Q2 FY26 net earnings drop 92% to $0.1 million; revenue falls 28% to $17.2 million

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