Matrix Svc Co - MTRX STOCK NEWS

Matrix Service Company (Nasdaq: MTRX) has announced its participation in the upcoming Sidoti March Virtual Investor Conference, scheduled for March 19-20, 2025. The company's leadership team, including President and CEO John R. Hewitt, CFO Kevin Cavanah, and Senior Director of Investor Relations Kellie Smythe, will engage with investors through:

• A presentation scheduled for March 20th at 10:45 a.m. ET
• One-on-one meetings with investors throughout the conference

Interested investors can register for the presentation and meetings through www.sidoti.com/events or by contacting Matrix Service Company directly at ir@matrixservicecompany.com.

Matrix Service Company (MTRX) reported its Q2 FY2025 results with revenue of $187.2 million, up 7% year-over-year. The company posted a net loss of $(0.20) per share compared to $(0.10) in the prior year quarter. Total backlog stood at $1.3 billion with quarterly project awards of $90.5 million.

Storage and Terminal Solutions segment revenue increased 53% to $95.5 million, while Utility and Power Infrastructure segment revenue grew 52% to $61.1 million. However, Process and Industrial Facilities segment revenue decreased to $30.6 million.

The company maintains strong liquidity of $211.7 million with no outstanding debt. Management lowered full-year revenue forecast by approximately 5% due to temporary permitting and project start delays, but expects return to profitability in second half of FY2025 with over 40% year-over-year revenue growth.

Matrix Service Company (Nasdaq: MTRX) has announced the schedule for its second quarter Fiscal 2025 financial results release and conference call. The company will release its financial results after market close on Wednesday, February 5, 2025. A conference call to discuss the results and future outlook will be held on Thursday, February 6, 2025, at 10:30 a.m. Eastern time/9:30 a.m. Central time.

The company will provide access to a live audio-visual webcast through their website's Investor Relations page. The conference call will be recorded and made available for replay within one hour of the live call's completion.

Matrix Service Company (Nasdaq: MTRX) has been awarded engineering, fabrication, and construction work for a 100,000 m3 full containment storage tank project in Gibbstown, New Jersey. The project, awarded by Cashman Preload Cryogenics for Delaware River Partners, features a unique dual-service design capable of storing both Liquid Ammonia and Liquid Propane Gas (LPG). The contract specifically covers the inner steel tank scope and was included in the company's backlog for the first quarter of fiscal 2025.

Matrix Service Company (Nasdaq: MTRX) announced its fiscal 2025 Q1 results, reaffirming its full-year revenue guidance of $900-$950 million. The company reported a total backlog of $1.4 billion and project awards of $148 million, resulting in a book-to-bill ratio of 0.9x. Revenue for the quarter was $165.6 million. However, the company faced a net loss per share of $(0.33) compared to $(0.12) in the prior year, with an adjusted net loss per share of $(0.33) versus $(0.21). Adjusted EBITDA stood at $(5.9) million. Despite these losses, Matrix generated cash flow from operations of $11.9 million and maintained liquidity of $181.2 million with no outstanding debt. The Utility and Power Infrastructure segment saw over 70% YoY revenue growth, while the Process and Industrial Facilities segment experienced a significant decline due to the completion of a large project. Management remains optimistic about converting backlog into revenue and returning to profitability by the end of fiscal 2025.

Matrix Service Company (Nasdaq: MTRX), a leading provider of engineering and construction services to the energy and industrial markets, has announced the dates for its first quarter Fiscal 2025 financial results release and conference call. The company will release its results after market close on Wednesday, November 6, 2024.

A conference call to discuss the financial results and forward outlook is scheduled for Thursday, November 7, 2024, at 10:30 a.m. Eastern time/9:30 a.m. Central time. Investors and interested parties can access a live audio-visual webcast through the company's website or a provided webcast link. The conference call will be recorded and available for replay within one hour of completion.

Matrix Service Company (Nasdaq: MTRX) has released its Fiscal 2024 Sustainability Report, highlighting key achievements in advancing sustainability within the organization. The report showcases the company's commitment to operational excellence, financial performance, and meeting stakeholder expectations.

Key highlights include:

• Completion of the company's first Materiality Assessment
• Third-party evaluation and investments in systems and processes for project management, ESG reporting, supply chain compliance, and GHG emissions tracking
• Continued focus on operational excellence and financial performance
• Strengthening of the balance sheet to support business strategy

Matrix has adopted the Sustainability Accounting Standards Board (SASB) reporting standards and began reporting under the Task Force on Climate-related Financial Disclosure (TCFD) recommendations in fiscal 2022. These frameworks aim to provide consistent, comparable, and meaningful sustainability reporting for stakeholders.

Matrix Service Company (Nasdaq: MTRX) reported its Q4 and full-year fiscal 2024 results, showing mixed performance. Key highlights include:

- Total backlog of $1.4 billion, up 31% year-over-year
- Q4 revenue of $189.5 million, down from $205.9 million in Q4 2023
- Q4 net loss of $(0.16) per share, compared to $(0.01) in Q4 2023
- Full-year fiscal 2024 revenue of $728.2 million
- Full-year net loss of $(0.91) per share, improved from $(1.94) in fiscal 2023

The company issued fiscal 2025 revenue guidance of $900-$950 million, indicating expected growth. CEO John Hewitt stated that Matrix is well-positioned for significant improvement in revenue, margins, and earnings in fiscal 2025, citing a strong backlog and streamlined organization.

Matrix Service Company (Nasdaq: MTRX) has announced its participation in the D. A. Davidson 23rd Annual Diversified Industrials & Services Conference. The event is scheduled for September 18-20, 2024 in Nashville, Tennessee. Key attendees from Matrix Service Company include:

• John R. Hewitt, President and CEO
• Kevin Cavanah, VP and CFO
• Kellie Smythe, Senior Director of Investor Relations

Investors have the opportunity to schedule one-on-one meetings with the management team during the conference. These meetings can be arranged through the conference organizers or by directly contacting Matrix Service Company at ir@matrixservicecompany.com.