Matrix Service Company Set to Join Russell 3000® Index

Company Overview - Matrix Service Company is a leading engineering and construction contractor focused on the energy and industrial markets, headquartered in Tulsa, Oklahoma, with operations in the U.S., Canada, Australia, and South Korea [5]. - The company operates in three key segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities [5]. Index Inclusion - Matrix Service Company has been added to the Russell 3000® Index, effective after the close of U.S. equity markets on June 28, 2024, which signifies a milestone for the organization [1][4]. - Membership in the Russell 3000® Index ensures automatic inclusion in either the large-cap Russell 1000 Index or small-cap Russell 2000 Index, along with relevant growth and value style indexes [3]. Financial Performance - As of March 31, 2024, Matrix Service Company reported a record backlog of nearly $1.5 billion, indicating strong demand for its services [4]. - The Russell U.S. indexes, which include the Russell 3000®, are benchmarked by approximately $10.5 trillion in assets, highlighting the significance of this inclusion for attracting institutional capital [4]. Strategic Focus - The company emphasizes long-term value creation and aims to support a deep pipeline of infrastructure-related projects across diverse and growing end-markets [4]. - Matrix Service Company is recognized for its commitment to sustainability and strong Environment, Social, and Governance (ESG) practices, contributing to its reputation as a top contractor [5].