McCoy Global Q2 FY26 net earnings drop 92% to $0.1 million; revenue falls 28% to $17.2 million
Reuters2026/08/07 11:07- 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: 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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