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McCOY GLOBAL ANNOUNCES RECEIPT OF SIGNIFICANT ORDER
McCOY GLOBAL ANNOUNCES RECEIPT OF SIGNIFICANT ORDER Canada NewsWire ...
About this update from Mccoy Global Inc.
[{"type":"text","content":"\n \n \n \n McCOY GLOBAL ANNOUNCES RECEIPT OF SIGNIFICANT ORDER\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n EDMONTON, AB\n \n \n ,\n \n \n July 22, 2022\n \n \n /CNW/ -\n \n McCoy Global Inc\n \n . (\"McCoy,\" \"McCoy Global\" or \"the Corporation\") (TSX: MCB) today announced the acceptance of orders totaling\n \n CAD$11.3 million\n \n for Hydraulic Power Tongs, Casing Running Tools and McCoy Torque Turn systems and related parts and accessories for a customer based in the\n \n Kingdom of Saudi Arabia\n \n . Delivery of the equipment and technology is expected to take place over the second half of 2022 and first quarter of 2023.\n \n \n \n \n \n \n \n \n \n \"Our quoting and order intake activity has continued to improve as 2022 has progressed and McCoy is now on pace to see order intake levels not experienced since 2015,\" said\n \n Jim Rakievich\n \n , President & CEO. \"We expect this level of order backlog\n \n 1\n \n , coupled with our strong operating leverage, to support robust sequential revenue and earnings growth in the coming quarters.\"\n \n \n Including the\n \n CAD$11.3 million\n \n of orders announced today, since\n \n April 1, 2022\n \n order intake has totaled\n \n CAD$25.1 million\n \n resulting in backlog of\n \n CAD$26.5 million\n \n as at\n \n July 21, 2022\n \n .\n \n \n \n About McCoy Global Inc.\n \n \n \n McCoy Global is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. The Corporation has offices in\n \n Canada\n \n ,\n \n the United States of America\n \n , and the\n \n United Arab Emirates\n \n and operates internationally in more than 50 countries through a combination of direct sales and key distributors.\n \n \n Throughout McCoy's 100-year history, it has proudly called\n \n Edmonton, Alberta, Canada\n \n its corporate headquarters. The Corporation's shares are listed on the Toronto Stock Exchange and trade under the symbol \"MCB\".\n \n \n \n 1\n \n McCoy Glob...