Matrix Service

Matrix Service Co. engages in the provision of engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets. It operates through the following segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The Utility and Power Infrastructure segment offers power delivery services to investor-owned utilities including construction of new substations, upgrades of existing substations, transmission and distribution line installation, upgrades and maintenance, and emergency and storm restoration services. The Process and Industrial Facilities segment provides services in the downstream and midstream petroleum industries, which engages in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids. The Storage and Terminal Solutions segment focuses on work related aboveground storage tanks and terminals. The company was founded by Bill Lee, Doyl D. West, Harold Morgan, and Martin Lee Rinehart on April 4, 1984 and is headquartered in Tulsa, OK.

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Matrix Service Company reports strong Q3 momentum despite cost challenges

Matrix Service Company demonstrated strong project award momentum and a healthy backlog increase, but faced challenges with cost management and revenue in certain segments. The increase in liquidity and positive outlook for future backlog and revenue growth provide optimism for the company's performance in the coming years.

Matrix Service reports mixed Q2 results, eyes clean energy opportunities

Matrix Service Company navigated challenges in Q2 2023, focusing on safety, securing significant awards, and maintaining a positive outlook for the future. Despite financial setbacks, the company's strong project backlog and liquidity improvements provide a solid foundation for growth. Addressing challenges and capitalizing on opportunities in clean energy will be key for future success.

Matrix Service reports robust project growth and improved liquidity

Matrix Service demonstrated strong project awards and backlog growth in Q3 2023.
While facing challenges in profitability and net losses, the company's liquidity improved.
Opportunities in hydrogen infrastructure projects and a substantial project pipeline position Matrix for future growth.

Matrix Service reports strong Q4 awards and revenue growth

Matrix Service's Q4 2023 performance reflected significant revenue growth and a notable increase in ending backlog, despite a net loss. The company's focus on safety culture, strategic positioning in LNG, and strong backlog diversification are key strengths. Challenges persist in achieving profitability, but opportunities for growth in fiscal 2024 are promising.

Matrix Service reports strong project awards and backlog growth

Matrix Service Company's Q1 2024 performance reflects robust project awards and backlog growth, despite a net loss, showcasing operational resilience and market potential.
While facing financial challenges and operational inefficiencies, the company's strategic strengths in safety, backlog expansion, and financial stability position it for future success.
Opportunities lie in market diversification, revenue expansion through energy projects, and operational improvements, signaling a positive outlook for Matrix Service Company.

Matrix Service reports record backlog and strategic growth initiatives

Matrix Service's Q2 performance reflects revenue impacts from project timing but anticipates growth in subsequent quarters, driven by a strong opportunity pipeline.
The company's strategic focus on energy markets, operational improvements, and cost management efforts position it for profitability and growth in the future.
While facing challenges in achieving profitability and managing project impacts, Matrix Service remains optimistic about its financial performance and market positioning.

Matrix Service reports mixed Q3 results, eyes revenue growth

Matrix Service navigated through revenue challenges in Q3, but remains optimistic about revenue improvement and profitability in the upcoming quarters. With a strong backlog and focus on key markets, the company is poised for growth through infrastructure projects and LNG opportunities.

Matrix Service posts robust Q4 results, eyes strong 2025 growth

Matrix Service reported a strong Q4 performance with increased backlog and new project awards, setting the stage for revenue growth in 2025.
Despite challenges like under-recovered construction overhead costs, the company's focus on key megatrends and a robust opportunity pipeline bode well for future success.
With a strengthened balance sheet, healthy cash position, and optimistic revenue guidance, Matrix Service is poised for growth and profitability in the coming years.

Matrix Service Q1 2025: Revenue Challenges Amid Growth Opportunities

Matrix Service faced revenue challenges in Q1 but maintains a strong backlog and revenue guidance for fiscal 2025.
The company anticipates profitability in fiscal 2025 and sees growth opportunities in key segments.
Analysts raised concerns about expenses and project timing, while executives highlighted positive impacts from the administration change.
With solid liquidity and a focus on key growth areas, Matrix Service aims for a resilient performance.

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Matrix Service Co. engages in the provision of engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets. It operates through the following segments: Storage and Terminal Solutions, Utility and Power Infrastructure, Process and Industrial Facilities, and Corporate. The Storage and Terminal Solutions segment consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen and oxygen, and liquid petroleum. The Utility and Power Infrastructure segment is involved in engineering, procurement, fabrication, and construction services to support growing demand for LNG utility peak shaving facilities. The Process and Industrial Facilities segment refers to plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients including refining and processing of crude oil, fractionating, and marketing of natural gas and natural gas liquids. The company was founded by Bill Lee, Doyl D. West, Harold Morgan, and Martin Lee Rinehart on April 4, 1984, and is headquartered in Tulsa, OK.

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TULSA, Okla., Sept.  12, 2019  (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) announced today that President and Chief Executive Officer John R. Hewitt and Vice President and Chief Financial Officer Kevin Cavanah will be participating in the Sidoti & Company Fall 2019 Conference on Wednesday, September 25, 2019. The conference is being held at the Grand Hyatt Hotel – New York. 

Matrix Service Company to Present at the Sidoti & Company Fall 2019 Conference

TULSA, Okla., Sept.  05, 2019  (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) announced today that President and Chief Executive Officer John R. Hewitt and Vice President and Chief Financial Officer Kevin Cavanah will be participating in the D.A. Davidson 18th Annual Diversified Industrials & Services Conference on Wednesday, September 18, 2019.  The conference is being held at the Palmer House Hilton in Chicago, Ill. 

Matrix Service Company to Present at the D.A. Davidson 18th Annual Diversified Industrials & Services Conference

Matrix Service Co (NASDAQ:MTRX) files its latest 10-K with SEC for the fiscal year ended on June 30, 2019.

Matrix Service Co (MTRX) Files 10-K for the Fiscal Year Ended on June 30, 2019

Matrix Service Company reported full-year results for its fiscal 2019 on August 28th. Revenue improved 29.8% year over year, and diluted earnings (excluding last year's impairment charges) improved 321%.

Matrix Service Company: A HULK - Healthy, Undervalued And Lesser-Known

Matrix Service Company (MTRX) CEO John Hewitt on Q4 2019 Results - Earnings Call Transcript

TULSA, Okla., Aug.  28, 2019  (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) today announced key leadership changes as the Chief Operating Officer indicated his plan to retire June 30, 2020.

Matrix Service Company Announces Planned Retirement of COO and Operational Leadership Changes

TULSA, Okla., Aug.  28, 2019  (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) today reported its financial results for the fourth quarter and year ended June 30, 2019 and provides guidance for fiscal 2020.

Matrix Service Company Announces Fiscal 2019 Fourth Quarter and Full Year Results; Provides Fiscal 2020 Guidance

Matrix Service Company (MTRX) CEO John Hewitt on Q3 2019 Results - Earnings Call Transcript

Matrix Service (MTRX) delivered earnings and revenue surprises of 22.22% and 2.55%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Matrix Service (MTRX) Tops Q3 Earnings and Revenue Estimates

Matrix Service (MTRX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Matrix Service (MTRX) Earnings Expected to Grow: Should You Buy?

Matrix Service Company (MTRX) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

News for Matrix Service Stock (MTRX)