MATRIX SERVICE COMPANY ANNOUNCES RECEIPT OF $464 MILLION OF AWARDS IN FISCAL FOURTH QUARTER AND ENDING BACKLOG OF $1.1B
TULSA, OK – August 21, 2023
– Matrix Service Company (Nasdaq: MTRX), a leading provider of engineering and construction services to the energy and industrial markets, announced today that it has received fiscal fourth quarter awards of $464 million, resulting in $1.1 billion in backlog as of June 30, 2023, the largest backlog since June 30, 2018. Total awards in fiscal 2023 of over $1.3 billion were also the highest annual total in five years.
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MATRIX SERVICE COMPANY REPORTS SECOND QUARTER FISCAL 2023 RESULTS
TULSA, Okla., Feb. 09, 2023 (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 second quarter of fiscal 2023.
Key highlights:
- Second quarter revenue of $193.8 million, an increase of 20% compared to the second quarter of fiscal 2022
- Project awards in the quarter of $318.7 million, the highest level since the first quarter of fiscal 2020
- Project awards produced a book-to-bill of 1.6 for the quarter and above 1.3 in each of our reporting segments reflecting accelerating activity across our end markets
- Backlog increased by 25% to $740.5 million compared to the second quarter of fiscal 2022
- Second quarter results were negatively impacted by $9.6 million adjustment on a legacy project and a related goodwill impairment charge of $12.3 million, resulting in an aggregate negative impact of $0.82 per share
- Loss per share of $1.22; adjusted loss per share of $0.53(1)
- Adjusted EBITDA loss of $(13.1) million(1) for the second quarter of fiscal 2023
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MATRIX SERVICE COMPANY UPDATES TIMING FOR RELEASE OF FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2023
TULSA, OK – February 7, 2023
– Matrix Service Company (Nasdaq: MTRX) previously announced release of results for the second quarter of Fiscal 2023 after market on Tuesday, February 7, 2023, followed by a conference call Wednesday, February 8, 2023. The Company now intends to release results for the second quarter of Fiscal 2023 before market on Thursday, February 9, 2023. The release will be followed by a conference call at 10:30 a.m. Eastern time/9:30 a.m. Central time on Thursday, February 9, 2023.
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MATRIX SERVICE COMPANY SETS DATE FOR RELEASE OF FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2023
TULSA, OK – January 24, 2023
– Matrix Service Company (Nasdaq: MTRX) will announce results for the second quarter of Fiscal 2023 after market on Tuesday, February 7, 2023. The release will be followed by a conference call on Wednesday, February 8, 2023, at 10:30 a.m. Eastern time/9:30 a.m. Central time.
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MATRIX SERVICE COMPANY REPORTS FIRST QUARTER FISCAL 2023 RESULTS
TULSA, OK – November 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 first quarter of fiscal 2023.
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MATRIX SERVICE AWARDED LNG PEAK SHAVING UPGRADE PROJECT FOR LARGE MIDATLANTIC PUBLIC UTILITY
TULSA, Okla., October 25, 2022 –
Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix NAC, has been awarded the engineering, procurement, and construction of upgrades being made to an existing LNG peak shaving facility that include a new gas liquefaction system and vaporization system. This project for a large public utility located in the MidAtlantic region of the U.S. was awarded and will be taken into backlog in the second quarter of Fiscal 2023.
“With more than 60 years of experience in the engineering and construction of cryogenic infrastructure, and our leading reputation in LNG Peak Shaving facilities, this project highlights our capabilities in providing services that improve and extend the life of critical assets such as this,” said Matrix Service Company President and CEO, John R. Hewitt. “We appreciate the trust and confidence this long-standing client has placed in Matrix and look forward to completing this work with the highest quality possible, safely, on-time, and on-budget”
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