MATRIX SERVICE (MTRX) Company Report

Matrix Service Company reported Q2 2026 revenue of $210.5 million, a 12% increase year-over-year, and an EPS loss of $0.03, which included a negative $0.13 impact from a $3.6 million reduction in gross profit due to issues on a storage project.
The company reiterated its full-year revenue guidance of $875 million-$925 million and anticipates achieving profitability in the second half of the fiscal year.
John Hewitt will transition from President and CEO on June 30, 2026, with Shawn Payne, currently COO, succeeding him as CEO.
The backlog stands at $1.1 billion, with Q2 project awards totaling approximately $177 million and a book-to-bill ratio of 0.8. The opportunity pipeline expanded to $7.3 billion, and the company maintains a strong cash balance of $224 million as of December 31, 2025.

1 day ago

Transcript

Matrix Service Company Announces Q2 2026 Results and CEO Succession

MTRX

Earnings

CEO Change

Guidance Update

Matrix Service Company reported Q2 2026 revenue of $210.5 million, marking a 12% increase over the prior year, and reiterated its full-year revenue guidance of $875 million to $925 million.
The company recorded a net loss of $0.9 million and an EPS loss of $0.03 for the quarter, which included a negative $0.13 impact from a $3.6 million charge related to a specialty tank project issue.
John Hewitt will step down as President and CEO on June 30, 2026, with Shawn Payne, currently Chief Operating Officer, set to assume the role of Chief Executive Officer as part of a leadership succession plan.
Project awards for the quarter totaled $177 million, resulting in a book-to-bill ratio of 0.8, while the overall opportunity pipeline expanded to $7.3 billion. The company expects to achieve profitability in the second half of the fiscal year and maintains a strong balance sheet with $224 million in cash and $258 million in liquidity as of December 31, 2025.

1 day ago

Transcript

Matrix Service Company Announces Q2 FY26 Results and CEO Transition

MTRX

Earnings

Guidance Update

Management Change

Matrix Service Company reported Q2 FY26 revenue of $210,508 thousand and a net loss of $894 thousand, or -$0.03 per share.
The company's backlog reached $1.1 billion as of Q2 FY26.
Matrix Service Company provided FY26 revenue guidance in the range of $875-$925 million, representing 14-20% growth, and anticipates revenue improvement in the second half of fiscal 2026 leading to a return to profitability.
John R. Hewitt will step down as President and Chief Executive Officer effective June 30, 2026, with Shawn P. Payne assuming the role on July 1, 2026.

1 day ago

Presentation

Matrix Service Company Reports Q2 2026 Results, Announces CEO Succession Plan

MTRX

Earnings

CEO Change

Guidance Update

Matrix Service Company reported Q2 2026 revenue of $210.5 million, a 12% increase year-over-year, but an EPS loss of $0.03 due to a $3.6 million unfavorable adjustment on a storage project.
The company reiterated its full-year revenue guidance of $875 million to $925 million and anticipates achieving profitability in the second half of the fiscal year.
John Hewitt will transition from President and CEO on June 30, 2026, with Shawn Payne appointed as the new CEO as part of a leadership succession plan.
The company's backlog stands at $1.1 billion, with Q2 2026 project awards totaling $177 million and a book-to-bill ratio of 0.8. The opportunity pipeline expanded to $7.3 billion.
Matrix maintains a strong balance sheet with $224 million in cash and $258 million in liquidity as of December 31, 2025, and no outstanding debt.

1 day ago

Transcript

Matrix Service Company Announces Fiscal Year 2026 Second Quarter Results and Reaffirms Full-Year Revenue Guidance

MTRX

Earnings

Guidance Update

New Projects/Investments

Matrix Service Company reported revenue of $210.5 million for the second quarter of fiscal 2026, an increase of 12% compared to the prior year period.
The company's net loss per share improved to $(0.03) for Q2 fiscal 2026, from $(0.20) in the second quarter of fiscal 2025, and Adjusted EBITDA was $2.4 million, up from $(2.2) million in the prior year.
As of December 31, 2025, Matrix Service Company had $257.6 million in liquidity with no outstanding debt, and its total backlog stood at $1.1 billion.
The company reaffirmed its full-year fiscal 2026 revenue guidance to be between $875 million and $925 million, representing a 14% to 20% increase over fiscal 2025.

2 days ago

8-K

Matrix Service Company Announces Fiscal 2026 Second Quarter Results and Reaffirms Guidance

MTRX

Earnings

Guidance Update

New Projects/Investments

Matrix Service Company reported revenue of $210.5 million for the second quarter of fiscal 2026, an increase of 12% compared to the prior year period.
The company achieved a net loss per share of $(0.03) for the second quarter of fiscal 2026, an improvement from $(0.20) in the prior year period.
Adjusted EBITDA was $2.4 million for the second quarter of fiscal 2026, compared to $(2.2) million in the prior year period.
As of December 31, 2025, total backlog was $1.1 billion, and the company had $257.6 million in liquidity with no outstanding debt.
Matrix Service Company reaffirmed its full-year fiscal 2026 revenue guidance to be between $875 million and $925 million, representing an increase of 14% to 20%.

2 days ago

Press Release

Matrix Service Company Reports Strong Q1 Performance and Reaffirms FY2026 Guidance

MTRX

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Matrix Service Company (MTRX) reported Q1 revenue of $211.9 million, a 28% increase compared to Q1 fiscal 2025, with a consolidated gross margin of 6.7% and positive adjusted EBITDA of $2.5 million.
The company reaffirmed its fiscal 2026 revenue guidance of $875-$925 million, representing 14%-20% growth, supported by a strong backlog of $1.2 billion with a 10% or greater gross margin profile.
The backlog is approximately 70% weighted towards fixed-price projects, with growth driven by larger new construction in storage and terminal solutions and utility and power infrastructure segments.
Matrix maintains strong liquidity of $248.9 million with no outstanding debt and anticipates improved profitability as revenue grows towards $250 million per quarter, aiming to leverage SG&A to 6.5% of revenue.

Dec 10, 2025, 6:00 PM

Transcript

Matrix Service Company Provides Fiscal 2026 Guidance and Q1 Updates

MTRX

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Matrix Service Company (MTRX) reported fiscal 2025 revenue just shy of $770 million and provided fiscal 2026 revenue guidance of $875-$925 million, representing 14%-20% growth.
The company maintains a strong backlog of $1.2 billion with a margin profile of 10% or greater gross margin, and an opportunity pipeline of $6.7 billion.
For Q1 (as of September 30), revenue increased 28% to $211.9 million compared to Q1 fiscal 2025, consolidated gross margin rose to 6.7%, and adjusted EBITDA was a positive $2.5 million. The company also incurred $3.3 million in restructuring costs.
MTRX is focused on expanding into higher margin, high-growth end markets such as LNG and NGL infrastructure, data centers, and advanced manufacturing, aiming for improved operating leverage and profitability.

Dec 10, 2025, 6:00 PM

Transcript

Matrix Service Company Provides Fiscal 2026 Revenue Guidance and Q1 Updates

MTRX

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Matrix Service Company (MTRX) reported fiscal 2025 revenue of just under $770 million and projects fiscal 2026 revenue to be between $875 million and $925 million, representing 14%-20% growth.
The company holds a robust backlog of $1.2 billion with a gross margin profile of 10% or greater, supported by a $6.7 billion opportunity pipeline.
In Q1 (as of September 30), MTRX achieved $211.9 million in revenue, a 28% increase year-over-year, and a positive adjusted EBITDA of $2.5 million, a significant improvement from a $5.9 million loss in the prior year.
MTRX maintains a strong financial position with $248.9 million in liquidity and no outstanding debt.
The company is strategically focused on expanding its services in high-growth markets, including LNG/NGL infrastructure, data centers, and advanced manufacturing.

Dec 10, 2025, 6:00 PM

Transcript

Matrix Service Company Reports Strong Q1 Fiscal 2026 Revenue Growth and Improved Margins

MTRX

Earnings

Guidance Update

New Projects/Investments

Matrix Service Company reported Q1 fiscal 2026 revenue of $211.9 million, a 28% increase compared to the prior year, and achieved its highest quarterly gross margin in over two years at 6.7%.
The company reiterated its full-year revenue guidance of $875-$925 million, with over 90% of the midpoint of this guidance already booked.
Net loss significantly improved to $3.7 million (GAAP EPS loss of $0.13) compared to a $9.2 million net loss in the first quarter of fiscal 2025, with adjusted EPS (excluding restructuring costs) at a near break-even loss of $0.01.
Following the completion of the bulk of its restructuring activities, the company has reduced its break-even quarterly revenue target to $210-$215 million.
The quarter ended with a strong backlog of $1.2 billion, despite the removal of $197 million related to two projects due to client strategy changes, and the company maintains a robust opportunity pipeline of $6.7 billion.