Matrix Service pany(US:MTRX)2025-11-06 15:30Financial Performance & Backlog - FY25 total revenue was $769 million[7] - Q1 FY26 revenue reached $211.9 million, a 28% increase compared to Q1 FY25's $165.4 million[43, 56] - Gross margin improved to 6.7% in Q1 FY26 from 4.7% in Q1 FY25[44, 56] - The company reaffirms FY26 revenue guidance between $875 million and $925 million[23, 40] - Project awards in Q1 FY26 totaled $187.8 million, resulting in a book-to-bill ratio of 0.9x[23, 44, 40] - Backlog remains strong at approximately $1.2 billion[7, 23, 39, 40, 44] Market & Strategy - The company projects FY26 growth between 14% and 20%[7] - The company has a $6.7 billion opportunity pipeline as of September 30, 2025, with Storage & Terminal Solutions accounting for 64%, Utility & Power Infrastructure for 22%, and Process & Industrial Facilities for 14%[23, 25] - Approximately 90% of revenue is with recurring customers[5, 40] - The company targets a long-term Return on Invested Capital (ROIC) greater than 12%[34, 48]