Matrix Service pany(US:MTRX)2025-05-08 12:25Business Overview - Matrix Service Company is a specialty engineering and construction company focused on providing engineering, fabrication, construction, and maintenance services[6] - The company has a backlog of $1.4 billion as of March 31, 2025[8] - Approximately 90% of the company's revenue is with recurring customers[6] Financial Performance - Q3 FY25 revenue was $200.2 million, a 21% increase compared to Q3 FY24[54, 63] - The company reported a net loss per share of $(0.12) in Q3 FY25, compared to $(0.53) in Q3 FY24[54, 63] - The company's Q3 FY25 book-to-bill ratio was 1.5x, with project awards totaling $301.2 million[31, 53] Market and Growth Opportunities - The company sees a ~$7 billion opportunity pipeline as of March 31, 2025, with 60% in Storage & Terminal Solutions, 17% in Utility & Power Infrastructure, and 23% in Process & Industrial Facilities[36] - The company anticipates a book-to-bill ratio at or near 1.0x for full-year FY25[39] - The company is targeting a long-term Return on Invested Capital (ROIC) of greater than 12%[46, 61]