Consolidated gross profit increased 21% to $13.1 million, and gross margin improved to 6.2% from 5.8% a year earlier. Cavanah attributed the improvement to higher revenue supporting better overhead recovery and generally strong project execution. However, he said costs related to “items arising during commissioning” of a specialty tank project in the storage and thermal solutions segment reduced gross profit by $3.6 million, which management quantified as about a $0.13 per-share impact. Hewitt described the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________ FORM 10-Q _______________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Exact name of registrant as specified in its charter) __________________________________________ Delaware 73-1352174 (State of incorporation) (I.R.S. Employer Identification No.) For the quarterly period ended December 31, 2025 or ...

Matrix Service Company (NasdaqGS:MTRX) Q2 2026 Earnings call February 05, 2026 10:30 AM ET Company ParticipantsJohn Hewitt - President and CEOKellie Smythe - Senior Director of Investor RelationsKevin Cavanah - VP and CFOConference Call ParticipantsBrent Thielman - Managing Director and Senior Research AnalystJohn Franzreb - Senior Equity AnalystOperatorGood morning, and welcome to the Matrix Service Company conference call to discuss results for the second quarter of fiscal 2026. Currently, all participant ...

Matrix Service Company (NasdaqGS:MTRX) Q2 2026 Earnings call February 05, 2026 10:30 AM ET Company ParticipantsJohn Hewitt - President and CEOKellie Smythe - Senior Director of Investor RelationsKevin Cavanah - VP and CFOConference Call ParticipantsBrent Thielman - Managing Director and Senior Research AnalystJohn Franzreb - Senior Equity AnalystOperatorGood morning, and welcome to the Matrix Service Company conference call to discuss results for the second quarter of fiscal 2026. Currently, all participant ...

Matrix Service Company (NasdaqGS:MTRX) Q2 2026 Earnings call February 05, 2026 10:30 AM ET Speaker5Good morning, and welcome to the Matrix Service Company conference call to discuss results for the second quarter of fiscal 2026. Currently, all participants are on a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will be given at that time. As a reminder, this conference call is being recorded. I would now like to turn the conference over to today's host, Ms. Kellie S ...

INVESTOR PRESENTATION Q2 FY26 Results | February 2026 Safe Harbor Statement © Matrix Service Company. All rights reserved. 2 Investing in MTRX 3 • Experienced EPC general industrial contractor of scale with a 40+ year track record supporting energy, power, and industrial infrastructure customers • Provider of end-to-end services across entire asset life-cycle with niche capabilities in cryogenic storage for LNG, NGLs, and chemical applications as well as other cryogenic infrastructure such as thermal vacuum ...

Core Insights - Matrix Service (MTRX) reported a quarterly loss of $0.02 per share, which was better than the Zacks Consensus Estimate of a loss of $0.04, but still represents a significant earnings surprise of -157.14% compared to a loss of $0.20 per share a year ago [1] - The company posted revenues of $210.51 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 2.48%, but showing an increase from $187.17 million in the same quarter last year [2] - The stock has increased by approximately 22.4% since the beginning of the year, outperforming the S&P 500's gain of 1.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $232.63 million, and for the current fiscal year, it is $0.33 on revenues of $914.72 million [7] - The estimate revisions trend for Matrix Service was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Engineering - R and D Services industry, to which Matrix Service belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Revenue Performance - Revenue for Q2 FY2026 was $210.5 million, a 12% increase from $187.2 million in Q2 FY2025[6]. - Total revenue for the three months ended December 31, 2025, was $210,508 thousand, a 12.4% increase compared to $187,169 thousand for the same period in 2024[39]. - Revenue recognized for the six months ended December 31, 2025, was $422,392, with project awards totaling $364,316[43]. Profitability and Loss - Net loss per share improved to $(0.03) from $(0.20) in the prior year[9]. - The company reported a net loss of $894 thousand for the three months ended December 31, 2025, an improvement from a net loss of $5,533 thousand in the same period of 2024[37]. - Adjusted net loss for the three months ended December 31, 2025, was $(692), compared to a reported net loss of $(894)[48]. - Adjusted EBITDA for Q2 FY2026 was $2.4 million, compared to $(2.2) million in Q2 FY2025[9]. - Adjusted EBITDA for the three months ended December 31, 2025, was $2,420, a significant improvement from an adjusted EBITDA of $(2,183) for the same period in 2024[52]. Costs and Expenses - SG&A expenses decreased to $15.1 million from $17.3 million in the prior year, primarily due to cost reductions from organizational realignment[8]. - The company incurred restructuring costs of $202 thousand for the three months ended December 31, 2025, compared to $6,640 thousand in operating losses for the same period in 2024[39]. - Interest expense for the three months ended December 31, 2025, was $118, while interest income was $(1,543)[52]. - Depreciation and amortization for the three months ended December 31, 2025, amounted to $2,232[52]. Backlog and Project Awards - Total backlog as of December 31, 2025, was $1.1 billion, with project awards totaling $176.6 million in Q2 FY2026, resulting in a book-to-bill ratio of 0.8x[13]. - Backlog as of December 31, 2025, totaled $1,127,073, a decrease from $1,161,020 as of September 30, 2025[42]. - Project awards for the three months ended December 31, 2025, amounted to $176,561, while revenue recognized during the same period was $210,508, resulting in a book-to-bill ratio of 0.8x[42]. - The company’s total backlog includes only amounts expected to be recognized as revenue over the next 12 months for long-term maintenance contracts[41]. Financial Position - Total liquidity as of December 31, 2025, was $257.6 million, with no outstanding debt[17]. - Total assets increased to $650,204 thousand as of December 31, 2025, up from $600,256 thousand on June 30, 2025, representing an 8.5% growth[33]. - Cash and cash equivalents at the end of the period were $223,964 thousand, up from $181,777 thousand at the end of December 31, 2024, marking a 23.2% increase[37]. - Accounts receivable increased to $205,948 thousand as of December 31, 2025, compared to $154,994 thousand on June 30, 2025, a 32.8% rise[33]. - Total current liabilities rose to $495,143 thousand as of December 31, 2025, from $436,375 thousand on June 30, 2025, reflecting a 13.5% increase[35]. Guidance and Outlook - The company reaffirmed its full-year revenue guidance for FY2026, expecting revenue between $875 million and $925 million, representing a 14% to 20% increase from FY2025[19][20]. - The opportunity pipeline stands at $7.3 billion, reflecting strong long-term demand in energy and industrial infrastructure[3].

TULSA, Okla., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, in connection with the Board’s succession planning, has announced the appointment of Shawn P. Payne as Chief Operating Officer, effective immediately. He will assume the role of President and Chief Executive Officer when John R. Hewitt, a director and the Company’s President and Chief Executive Officer, steps down from his roles effective June ...

TULSA, Okla., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading provider of engineering and construction services to the energy and industrial markets, today announced results for the second quarter of fiscal 2026 ended December 31, 2025. SECOND QUARTER FISCAL 2026 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted) Revenue of $210.5 million, an increase of 12%Net loss per share of $(0.03) versus $(0.20)Adjusted EBITDA of $2.4 million versus $(2.2 ...