Workers on a high rise

Events

20
April
23
April
Chicago, IL
2956
booth no
8
June
10
June
Houston, TX
561
booth no
Book a Meeting

Videos

Press Releases

RETIRED FLUOR CORPORATION EXECUTIVE JOSE BUSTAMANTE NAMED TO MATRIX SERVICE COMPANY BOARD OF DIRECTORS

TULSA, Okla., May 16, 2022 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) today announced the addition of Jose Luis Martin de Bustamante to the Company’s Board of Directors.

“We are excited to welcome Jose to the Matrix Service Company Board of Directors. His long-standing history of leadership at Fluor Corporation, together with his proven expertise in business development, contracting, and managing large, complex projects across a wide range of end-markets, will be invaluable as Matrix responds to growing opportunities,” said Chairman of the Board Jim Mogg.

   

Read the full release

Matrix Service Company Reports Third Quarter Fiscal 2022 Results

TULSA, Okla., May 09, 2022 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today reported financial results for its third quarter of fiscal 2022. Key highlights:
  • Project awards in the quarter of $179.7 million bring year-to-date awards to $638.7 million, an 81% increase compared to first nine months of the prior year, resulting in a book-to-bill of 1.3 year-to-date
  • Recent notable awards include thermal vacuum chambers, electrical infrastructure projects, construction of a borate mining facility, and early engineering for an LNG export terminal
  • Backlog increased to $594.2 million, an increase of 28% compared to the start of the fiscal year
  • Liquidity of $86.8 million and no debt
  • Third quarter revenue of $177.0 million and loss per fully diluted share of $1.30; adjusted loss per fully diluted share of $0.50(1) excluding one-time non-cash items

Read the full release

MATRIX PDM ENGINEERING AWARDED EPC FOR EXPANSION OF NATURAL GAS PROCESSING FACILITY TO DOUBLE EXISTING FACILITY CAPACITY

TULSA, Okla., March 15, 2022 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading North American industrial engineering and construction company, announced that an industry leading company in the natural gas value chain has awarded Matrix PDM the engineering, procurement, and construction of the expansion of a natural gas processing facility to double existing facility capacity.

“North American natural gas infrastructure for gathering, processing, and transmission is critical to supporting both global energy demand and the clean energy transition, and we are pleased to support our client on this and other projects,” said Matrix Service Company President and Chief Executive Officer John R. Hewitt.

Read the full release

MATRIX NAC AWARDED GREENFIELD CONSTRUCTION OF SUBSTATION BY CUMULUS DATA AS PART OF ITS CARBON-FREE SUSQUEHANNA HYPERSCALE DATA CENTER CAMPUS

TULSA, Okla., Feb. 08, 2022 (GLOBE NEWSWIRE) Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary Matrix NAC has been awarded the greenfield construction of a substation as well as transmission and distribution work at Talen Energy Corporation (“Talen”) subsidiary, Cumulus Data’s (“Cumulus”), flagship Susquehanna data center campus, currently under construction outside Berwick, Pa. The up to 475 megawatt (MW) campus will be powered by Talen’s adjacent Susquehanna nuclear generation facility. The substation will support efforts to provide Susquehanna’s low-cost, reliable, carbon-free energy to the data center and cryptocurrency processing clients operating on the campus.

Read the full release

MATRIX SERVICE COMPANY REPORTS SECOND QUARTER FISCAL 2022 RESULTS

TULSA, OK – February 7, 2022 – Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today reported financial results for its second quarter of fiscal 2022. Key highlights:
  • Project awards of $192.2 million in the quarter resulting in a book-to-bill of 1.2; project awards through first half of fiscal 2022 have surpassed project awards for the full year of fiscal 2021
  • Recent notable awards include the engineering, fabrication and construction of seven renewable fuel storage tanks, upgrade projects at two separate refineries to allow processing of renewable diesel and a capital project for a midstream gas processing plant
  • Backlog increased to $591.6 million, an increase of 28% compared to the start of the fiscal year
  • Strong balance sheet with liquidity of $101.7 million compared to $66.8 million last quarter and no debt
  • Second quarter revenue of $162.0 million and loss per fully diluted share of $0.93; adjusted loss per fully diluted share of $0.38(1), excluding a valuation allowance on a deferred tax asset and the impact of restructuring costs;
  • Announced the addition of senior-level personnel to the business development team, adding expertise and relationships to support our growth and market position in hydrogen and renewable energy
  • Joined the Hydrogen Council, a global CEO-led coalition of more than 130 companies working to accelerate the energy transition through hydrogen

Read the full release

MATRIX SERVICE COMPANY JOINS GLOBAL CEO-LED HYDROGEN COUNCIL, SUPPORTING A CLEAN, DIVERSIFIED ENERGY SYSTEM THROUGH AN ACCELERATED TRANSITION TO HYDROGEN

TULSA, Okla., January 26, 2022 – Matrix Service Company (Nasdaq: MTRX) announced today that it has joined the Hydrogen Council, a global CEO-led coalition working to accelerate the energy transition through hydrogen. The organization is comprised of more than 130 companies from across the globe representing a variety of sectors, all committed to scaling up the hydrogen value chain to contribute to a clean and diversified energy system.

Read the full release