Core Points - Matrix Service Company has been awarded a contract by Delaware River Partners for the construction of a dual service full containment storage tank with a capacity of 100,000 m3 (630,000 barrels) for Liquid Ammonia or Liquid Propane Gas (LPG) [1] - The project is part of the Repauno Port and Rail Terminal development, aimed at enhancing storage capabilities to meet growing export demand for Natural Gas Liquids (NGLs) [2] - The construction is expected to create up to 300 local jobs and contribute to the transformation of the Delaware River industrial corridor into a logistics hub [2][3] Company Overview - Matrix Service Company is a leading specialty engineering and construction firm focused on providing infrastructure solutions across various end markets, emphasizing safety, quality, and integrity [3][4] - The company operates in three key segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities [4]

分组1 - Matrix Service reported a quarterly loss of $0.01 per share, better than the Zacks Consensus Estimate of a loss of $0.03, and a significant improvement from a loss of $0.33 per share a year ago, resulting in an earnings surprise of +66.67% [1] - The company posted revenues of $211.88 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 6.85%, and showing an increase from year-ago revenues of $165.58 million [2] - Matrix Service shares have increased approximately 27.6% since the beginning of the year, outperforming the S&P 500's gain of 15.1% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $215.85 million, and for the current fiscal year, it is $0.68 on revenues of $885.45 million [7] - The Zacks Industry Rank indicates that the Engineering - R and D Services sector is currently in the bottom 33% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8] 分组3 - 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 in the near future [6]

Financial Performance - Fiscal 2026 first quarter revenue was $211.9 million, an increase of 28% compared to $165.6 million in the same period last year[5]. - Adjusted EBITDA for the first quarter of fiscal 2026 was $2.5 million, compared to a loss of $(5.9) million in the first quarter of fiscal 2025[9]. - The company reported a net loss of $3.7 million, or $(0.13) per share, an improvement from a net loss of $9.2 million, or $(0.33) per share, in the prior year[9]. - Gross margin improved to 6.7% in the first quarter of fiscal 2026, up from 4.7% in the same period last year[7]. - Operating income for the three months ended September 30, 2025, was a loss of $5,500,000, compared to a loss of $10,767,000 in the same period of 2024, showing an improvement in operational performance[39]. - Adjusted EBITDA for the three months ended September 30, 2025, was $2,461,000, compared to a loss of $5,880,000 for the same period in 2024[51]. - Net loss for the three months ended September 30, 2025, was $3,663,000, an improvement from a net loss of $9,223,000 in the prior year[51]. Revenue Breakdown - The Storage and Terminal Solutions segment revenue increased 40% to $109.5 million, driven by higher volumes for LNG storage and specialty vessel projects[10]. - The Utility and Power Infrastructure segment revenue increased 33% to $74.5 million, benefiting from increased work in power delivery and natural gas projects[11]. - The company recognized revenue of $211,884,000 during the three months ended September 30, 2025, which included $109,459,000 from Storage and Terminal Solutions, $74,501,000 from Utility and Power Infrastructure, and $27,924,000 from Industrial Facilities[39]. Backlog and Book-to-Bill Ratio - Total backlog as of September 30, 2025, was $1.2 billion, with project awards totaling $187.8 million, resulting in a book-to-bill ratio of 0.9x[13]. - The backlog as of September 30, 2025, was $1,161,020,000, down from $1,382,108,000 as of June 30, 2025, reflecting a decrease of approximately 16%[43]. - The book-to-bill ratio for the total projects was 0.9x for the three months ended September 30, 2025, indicating that project awards were lower than revenue recognized[43]. Expenses and Costs - SG&A expenses decreased to $16.3 million from $18.6 million due to cost reductions from organizational realignment[8]. - The company incurred restructuring costs of $3,348,000 during the three months ended September 30, 2025[47]. - Stock-based compensation expense was $1,921,000 in Q3 2025, down from $2,311,000 in Q3 2024[51]. - Depreciation and amortization expenses were $2,461,000 in Q3 2025, slightly down from $2,515,000 in Q3 2024[51]. Guidance and Liquidity - The company reaffirmed its full-year revenue guidance of between $875 million and $925 million, representing a 14% to 20% increase from fiscal 2025[18]. - Liquidity as of September 30, 2025, was $248.9 million, with no outstanding debt[16]. - Cash and cash equivalents at the end of the period were $217,307,000, down from $249,641,000 at the beginning of the period, reflecting a decrease of approximately 13%[37]. - Total current liabilities increased to $443,455,000 as of September 30, 2025, compared to $436,375,000 as of June 30, 2025[34]. Interest and Tax Provisions - Interest expense increased to $127,000 in Q3 2025 from $89,000 in Q3 2024[51]. - Interest income for Q3 2025 was $(1,802,000), compared to $(1,572,000) in Q3 2024[51]. - The provision for federal, state, and foreign income taxes was $69,000 in Q3 2025, with no provision reported in Q3 2024[51].

Core Insights - Matrix Service Company reported improved first-quarter results for fiscal 2026, driven by disciplined execution across its Storage & Terminal Solutions and Utility & Power Infrastructure segments [2][4] - The company has a robust opportunity pipeline of $6.7 billion and secured over $187 million in new awards during the quarter, indicating strong demand in the specialty engineering and construction sector [3][9] - The company reaffirmed its full-year revenue guidance, expecting revenue between $875 million and $925 million, representing a 14% to 20% increase compared to fiscal 2025 [19][20] Financial Summary - First-quarter fiscal 2026 revenue was $211.9 million, a 28% increase from $165.6 million in the same period of fiscal 2025 [5][9] - Gross margin improved to $14.2 million (6.7%) compared to $7.8 million (4.7%) in the prior year, attributed to better project execution and increased revenue volumes [6][9] - The company reported a net loss of $3.7 million ($0.13 per share), an improvement from a net loss of $9.2 million ($0.33 per share) in the first quarter of fiscal 2025 [8][9] Segment Performance - The Storage and Terminal Solutions segment saw revenue increase by 40% to $109.5 million, driven by higher work volumes for LNG storage and specialty vessel projects [10] - The Utility and Power Infrastructure segment's revenue rose by 33% to $74.5 million, benefiting from increased work in power delivery and natural gas projects [11] - The Process and Industrial Facilities segment experienced a revenue decline to $27.9 million, primarily due to lower volumes in thermal vacuum chamber projects [12] Backlog and Awards - The total backlog as of September 30, 2025, was $1.2 billion, with project awards totaling $187.8 million for the quarter, resulting in a book-to-bill ratio of 0.9x [13][9] - The Storage and Terminal Solutions segment had a book-to-bill ratio of 1.2x, indicating strong demand and project activity [13][9] Financial Position - As of September 30, 2025, the company had total liquidity of $248.9 million, with no outstanding debt [15][9] - The company reported a total of $192.3 million in unrestricted cash and cash equivalents [15] Guidance - The company reaffirmed its revenue guidance for fiscal year 2026, expecting revenue between $875 million and $925 million, reflecting a significant increase from the previous fiscal year [19][20]

Core Points - Matrix Service Company will release its first quarter Fiscal 2026 results on November 5, 2025, after market close [1] - A conference call to discuss the financial results and forward outlook is scheduled for November 6, 2025, at 10:30 a.m. Eastern time [1] Company Overview - Matrix Service Company is a leading North American industrial engineering, construction, and maintenance contractor headquartered in Tulsa, Oklahoma, with offices across the United States, Canada, Australia, and South Korea [3] - The company operates in three key segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions [4] Sustainability and Recognition - The company emphasizes sustainability and strong Environment, Social and Governance (ESG) practices, ranking among the Top Contractors by Engineering-News Record [5] - Matrix has been recognized for its Board diversification and is an active signatory to CEO Action for Diversity and Inclusion, also noted as a Great Place to Work® [5]

Core Insights - The article compares two stocks in the Engineering - R and D Services sector: Matrix Service (MTRX) and Aecom Technology (ACM), focusing on which stock offers better value for investors [1]. Valuation Metrics - Matrix Service has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to Aecom Technology, which has a Zacks Rank of 4 (Sell) [3]. - MTRX has a forward P/E ratio of 19.47, while ACM's forward P/E is 23.55, suggesting MTRX is more attractively priced [5]. - The PEG ratio for MTRX is 1.08, compared to ACM's 1.96, indicating MTRX has a better balance of price to expected earnings growth [5]. - MTRX's P/B ratio is 2.54, significantly lower than ACM's P/B of 6.55, further supporting MTRX's valuation attractiveness [6]. - Based on these metrics, MTRX holds a Value grade of A, while ACM has a Value grade of C, highlighting MTRX as the superior option for value investors [6][7]. Earnings Outlook - MTRX has experienced stronger estimate revision activity, which is a positive indicator for its future earnings potential compared to ACM [7].

Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Matrix Service Company regarding potential securities fraud or unlawful business practices by the company and its officers [1][3] Financial Performance - For the fiscal year 2025 fourth quarter, Matrix reported non-GAAP earnings per share of -$0.28, missing consensus estimates by $0.29 [3] - The company's revenue for the quarter was $216.4 million, which fell short of consensus estimates by $15.85 million [3] - The fourth quarter net income was impacted by a total of $14.9 million due to several issues, including labor cost overruns, contract disputes, unfavorable court decisions, and restructuring costs [3] Stock Market Reaction - Following the announcement of the financial results, Matrix's stock price decreased by $1.98 per share, or 13.89%, closing at $12.27 per share on September 10, 2025 [3]

Core Insights - Matrix Service Company has released its Fiscal 2025 Sustainability Report, emphasizing its commitment to sustainability and the importance of infrastructure in meeting energy and industrial demands in North America [1][2] Group 1: Sustainability Commitment - The company views sustainability as a foundational principle for its strategic approach and value creation [2] - The report highlights significant progress in returning to profitability, supported by a strong project backlog and advancements in multi-year projects [2] Group 2: Stakeholder Engagement - Matrix Service Company is focused on continuous improvement and addressing the diverse needs of stakeholders, including shareholders, employees, clients, suppliers, and communities [3] - The company aims to empower future generations while building infrastructure that meets current demands [3] Group 3: Operational Segments and Locations - The company operates in three key segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions [5] - Matrix Service Company is headquartered in Tulsa, Oklahoma, with offices across the United States, Canada, Australia, and South Korea [5] Group 4: Safety and Employee Development - Safety is a top priority, with significant improvements in overall safety performance and initiatives to address mental health stigma in the construction industry [5] - Enhanced recruitment strategies and comprehensive training and development opportunities have been implemented for the workforce [5] Group 5: Environmental Initiatives - The company has assessed climate-related risks and opportunities in partnership with third-party experts, affirming its ESG strategy [5] - Matrix has reported on material Scope 3 emissions, demonstrating its commitment to transparency and accountability in environmental practices [5] - Ongoing efforts are in place to ensure compliance with ESG-specific regulatory reporting [5]

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Matrix Service Company and its officers or directors [1] Financial Performance - For Q4 of fiscal year 2025, Matrix reported non-GAAP earnings per share of -$0.28, missing consensus estimates by $0.29 [2] - Revenue for the quarter was $216.4 million, falling short of consensus estimates by $15.85 million [2] - The company cited a $14.9 million impact on net income due to several issues, including labor cost overruns, contract disputes, unfavorable court decisions, and restructuring costs [2] Stock Market Reaction - Following the announcement of the financial results, Matrix's stock price dropped by $1.98 per share, or 13.89%, closing at $12.27 per share on September 10, 2025 [2]

Core Insights - Matrix Services (NASDAQ: MTRX) experienced a significant decline in stock price, closing nearly 14% lower after a disappointing quarterly earnings report, despite the S&P 500 rising by 0.3% [1] Financial Performance - For the fiscal fourth quarter of 2025, Matrix reported revenue of just over $216 million, reflecting a 14% year-over-year increase. However, the company doubled its non-GAAP adjusted net loss to $7.8 million ($0.28 per share) compared to a $3.9 million loss in the same quarter last year [2][3] - Analysts had anticipated better performance, with consensus estimates for revenue exceeding $286 million and an expected adjusted net income of $0.33 per share [3] Revenue Drivers and Challenges - The increase in revenue was attributed to a 6% rise in total project awards, driven by strong demand in the utility and power infrastructure segment [3] - The bottom line was negatively impacted by labor cost overruns on an oil industry project and restructuring expenses [4] Future Guidance - Matrix provided annual revenue guidance for the new fiscal year, expecting to earn between $875 million and $925 million, which falls short of the average analyst projection of $945.5 million [5]