Welcome to our dedicated page for Matrix Service news (Ticker: MTRX), a resource for investors and traders seeking the latest updates and insights on Matrix Service stock.
Matrix Service Company provides engineering, fabrication, construction, maintenance and repair services for energy and industrial infrastructure. The company reports through Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities, covering storage tanks and terminals, power delivery and generation projects, plant maintenance, turnarounds, refining, petrochemical and related industrial work.
Company news commonly covers fiscal results, revenue guidance, backlog, project awards, customer contracts, restructuring actions and executive succession. Updates also describe demand across LNG, natural gas liquids, mining and minerals, power generation, data center-related infrastructure and other large industrial projects.
Matrix Service Company (MTRX) was awarded front-end engineering and design (FEED) work for the storage tank farm at America First Refining’s planned large-scale refinery in Brownsville, Texas.
The AFR facility is expected to process about 60 million barrels of domestic crude annually and would be the first new major U.S. refinery in more than 50 years. Matrix will design critical tank farm infrastructure to support safe, reliable and efficient storage and movement of feedstocks and refined products.
Matrix Service Company (MTRX) reported fiscal 2026 Q4 revenue of $244.5 million and net income of $1.1 million, marking its highest quarterly revenue in six years and a return to quarterly profitability.
Q4 revenue rose from $216.4 million, driven by a 43% increase in Storage and Terminal Solutions revenue to $137.4 million. Gross profit more than doubled to $19.5 million, with gross margin improving to 8.0%. Adjusted net income was $4.6 million, or $0.16 per share, and adjusted EBITDA was $6.3 million, versus a $4.8 million loss a year earlier. Total backlog reached $953.2 million, supported by $169.0 million of awards, including a major mining construction project that produced a 3.2x book-to-bill in Process and Industrial Facilities. Liquidity totaled $283.9 million, including $223.0 million of cash and $60.9 million of credit availability, with no outstanding debt at June 30, 2026. Full-year revenue increased to $873.6 million and adjusted EBITDA improved to $16.0 million, though the company still recorded a net loss of $2.6 million.
Matrix Service Company (Nasdaq: MTRX) will release its fiscal 2026 fourth quarter and full-year results after market close on Wednesday, September 2, 2026. The company will host a conference call to review the results and forward outlook on Thursday, September 3, 2026 at 10:30 a.m. Eastern / 9:30 a.m. Central, with a live audio-visual webcast and replay available via its Investor Relations website.
Matrix Service Company (Nasdaq:MTRX) announced that senior leaders, including Chief Operating Officer and incoming CEO Shawn P. Payne and CFO Kevin Cavanah, will attend the Stifel Cross-Sector Insight Conference in Boston on June 2-3, 2026.
One-on-one investor meetings can be scheduled in advance.
Matrix Service Company (Nasdaq: MTRX) reported fiscal Q3 2026 results for the period ended March 31, 2026. Revenue was $206.7 million, net income was $0.8 million ($0.03 diluted), adjusted net income was $3.8 million ($0.13), and adjusted EBITDA was $4.9 million. Liquidity totaled $297.2 million with no outstanding debt and backlog was $1.03 billion. The company lowered full-year fiscal 2026 revenue guidance to $870–$890 million and reported $108.3 million of awards in the quarter.
Matrix Service Company (Nasdaq: MTRX) announced that Kevin Cavanah, Vice President of Finance and Chief Financial Officer, will depart following the filing of the company’s fiscal 2026 Annual Report and will remain through that filing to support an orderly transition.
The company retained a leading executive search firm to conduct a comprehensive CFO search. Management stated the departure is not related to any disagreement about accounting, financial statements, internal controls, or operations.
Matrix Service Company (Nasdaq: MTRX) will release third quarter Fiscal 2026 results after market close on Wednesday, May 6, 2026.
The company will host an earnings conference call on Thursday, May 7, 2026 at 10:30 a.m. ET / 9:30 a.m. CT with a live audio-visual webcast accessible via the investor relations Events & Presentations page. A replay will be available about one hour after the live call.
Matrix Service Company (Nasdaq: MTRX) reported fiscal Q2 2026 revenue of $210.5M (+12% year-over-year) and an adjusted EBITDA of $2.4M, with net loss of $0.9M (loss per share $(0.03)).
Liquidity totaled $257.6M with no outstanding debt, backlog was $1.127B, and the company reaffirmed full-year revenue guidance of $875M–$925M (+14%–20%).
Matrix Service Company (Nasdaq: MTRX) announced a planned CEO transition: John R. Hewitt will step down effective June 30, 2026, and Shawn P. Payne, appointed Chief Operating Officer effective immediately, will become President and Chief Executive Officer beginning fiscal 2027. The release highlights Payne's 2012 hire, senior roles, and succession planning.
Matrix Service Company (Nasdaq: MTRX) will release second quarter Fiscal 2026 results after market close on Wednesday, February 4, 2026.
The company will host an earnings conference call and audio-visual webcast on Thursday, February 5, 2026 at 10:30 a.m. ET / 9:30 a.m. CT to present results and forward outlook. Investors can access the live webcast via the company website www.matrixservicecompany.com on the Investors Relations page under Events & Presentations. The call will be recorded and a replay will be available about one hour after the live broadcast at the same link.