Mccoy Global OTC (TSE:MCB) has released an update.
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McCoy Global OTC reports a solid start to 2024 with first-quarter net earnings up 85% to $1.0 million, despite a slight revenue decrease to $16.5 million, driven by strong adoption of their new Flush Mount Spider technology and favorable product margins. The company has declared a quarterly cash dividend of $0.02 per share, payable in July, and anticipates continued growth through technology adoption and expansion in international markets. McCoy’s product advancements and backlog of $25.2 million position the company for a robust performance throughout the rest of the year.
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