MTRX
Matrix Service Company12.31
-0.07-0.57%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A explains delays, details expansions
Q&A pinned weak Q2 book-to-bill on permitting delays and FID uncertainty, not demand erosion—big chunk awards eyed for FY2027, with smaller ones possible in H2. The $3.6M storage charge is contained, no bleed or similar risks. Management detailed data center progress: building new client ties, bidding substations, expecting pipeline growth. Mining bids ramp amid nat sec tailwinds; midstream gas strong despite permits. Buybacks on table post-profitability, after M&A hunt. Margins book at 10-12% targets. Delays linger, yet pipeline swells. Watch FY2027 award velocity.
Key Stats
Market Cap
346.21MP/E (TTM)
-Basic EPS (TTM)
-0.86Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Matrix Service posted Q2 revenue of $210.5M, up 12% y/y and driving gross margin to 6.2% from 5.8%, yet a $3.6M hit from Storage and Terminal Solutions warranty and third-party issues yielded an operating loss of $2.2M, improved 66% y/y after restructuring costs fell sharply. Utility and Power Infrastructure surged 23% to $75.4M with 9.6% margins on LNG peak shaving strength. Cash sits at $199.0M with $58.6M ABL availability (no debt); operations used $18.4M YTD on receivables growth (derived). Backlog holds $1.1B. Litigation outcomes remain unpredictable.
8-K
Q2 revenue up 12%, loss narrows
Matrix Service reported Q2 fiscal 2026 revenue of $210.5 million, up 12% year-over-year, with net loss shrinking to $(0.03) per share from $(0.20). Adjusted EBITDA flipped to $2.4 million from $(2.2) million, despite $3.6 million hit from Storage and Terminal Solutions startup costs—yet margins improved across segments. Backlog hit $1.1 billion; full-year revenue guidance reaffirmed at $875-$925 million. Debt-free liquidity stands strong at $257.6 million.
8-K
Exec resigns, interim named
Matrix Service Company disclosed the resignation of Douglas J. Montalbano as President of subsidiary Matrix North American Construction, effective January 16, 2026, after his December 30 notification. No disputes with operations, policies, or clients triggered the exit. Interim leadership falls to a current Matrix NAC officer reporting to company President Shawn Payne. Smooth transition.
10-Q
Q1 FY2026 results
Matrix Service revenue jumped 28% y/y to $211.9M for Q1 FY2026 ended September 30, 2025, driven by Storage and Terminal Solutions (+40%) and Utility and Power Infrastructure (+33%), while gross margin expanded to 6.7% from 4.7% on stronger execution. Operating loss narrowed to $5.5M from $10.8M despite $3.3M restructuring costs, with net loss at $3.7M or $(0.13) per diluted share (28M shares, consistent). Cash dipped to $192.3M with $56.6M ABL availability yet strong $249M liquidity; operations used $25.9M on working capital swings, capex $2.0M. Backlog holds at $1.2B. Litigation lingers.
8-K
Q1 revenue surges 28%
Matrix Service reported Q1 FY2026 revenue of $211.9 million, up 28% year-over-year, with gross margins rising to 6.7% on stronger Storage & Terminal and Utility segments. Adjusted EBITDA flipped to $2.5 million from a $5.9 million loss, despite $3.3 million restructuring costs; backlog stands at $1.2 billion after $197 million project removals. Revenue guidance reaffirmed at $875-925 million. No debt, liquidity solid at $248.9 million.
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