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Matrix Service Co. - MTRX STOCK NEWS

Welcome to our dedicated news page for Matrix Service Co. (Ticker: MTRX), a resource for investors and traders seeking the latest updates and insights on Matrix Service Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Matrix Service Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Matrix Service Co.'s position in the market.

Rhea-AI Summary
Matrix Service Company (Nasdaq: MTRX) has announced the release date for its third-quarter fiscal 2024 financial results and conference call. The company will release the results on May 8, 2024, followed by a conference call on May 9, 2024, at 10:30 a.m. Eastern time/9:30 a.m. Central time.
Rhea-AI Impact
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End-of-Day
-0.09%
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Rhea-AI Summary
Matrix Service Company (MTRX) subsidiary, Matrix PDM Engineering, partners with Engicon nv (Geldof) to provide EPC solutions for ammonia storage in Europe, catering to the rising demand for sustainable energy resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
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Rhea-AI Summary
Matrix Service Company (MTRX) subsidiary, Matrix NAC, secures a contract for three crude oil storage tanks and geodesic domes on the West Coast, showcasing expertise in downstream projects and commitment to carbon emission management.
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Rhea-AI Sentiment
End-of-Day
4.68%
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Rhea-AI Summary
Matrix Service Company (MTRX) executives to attend Sidoti Small-Cap Virtual Conference on March 13 and 14, 2024, offering opportunities for investors to engage with management.
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Rhea-AI Summary
Matrix Service Company (MTRX) announced record backlog of $1.45 billion, project awards of $230.8 million, and revenue of $175.0 million in the second quarter of fiscal 2024. Adjusted EBITDA was $0.3 million, and liquidity increased to $106.3 million. The company expects significant financial performance improvement with a strong opportunity pipeline and high revenue levels over the long term.
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Rhea-AI Sentiment
End-of-Day
23.13%
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Rhea-AI Summary
Matrix Service Company (MTRX) will release its second quarter Fiscal 2024 results on February 7, 2024, followed by a conference call on February 8, 2024, to discuss the financial results and forward outlook. Investors and other interested parties can access a live audio-visual webcast through the Company’s website. The conference call will also be recorded for replay.
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Rhea-AI Sentiment
End-of-Day
1.69%
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Rhea-AI Summary
Matrix Service Company (Nasdaq: MTRX) reports highest quarterly award total in five years, with project awards of $497.4 million and a backlog of $1.4 billion. Revenue for Q1 fiscal 2024 was $197.7 million, with a loss per share of $0.12. Adjusted EBITDA loss of $0.7 million. Positive outlook for the second half of the fiscal year.
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Rhea-AI Sentiment
End-of-Day
4.23%
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Rhea-AI Summary
Matrix Service Company (Nasdaq: MTRX) will announce its first quarter Fiscal 2024 results on November 8, 2023. President and CEO John R. Hewitt and CFO Kevin S. Cavanah will host a conference call on November 9, 2023, to discuss the financial results and forward outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
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Rhea-AI Summary
Matrix Service Company releases its Fiscal 2023 Sustainability Report, highlighting progress in environmental stewardship, social responsibility, and governance.
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Rhea-AI Sentiment
End-of-Day
-1.7%
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Rhea-AI Summary
Matrix Service Company reports Q4 and FY 2023 financial results with project awards of $463.6 million for the quarter and $1.3 billion for the year. Backlog increases by 31% to $1.1 billion compared to the previous quarter. Q4 revenue increases by 10% to $205.9 million. Loss per fully diluted share of $0.01 in Q4. CEO expects improved results in fiscal 2024 and strong performance in the future.
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Rhea-AI Sentiment
End-of-Day
13.8%
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Matrix Service Co.

Nasdaq:MTRX

MTRX Rankings

MTRX Stock Data

333.39M
26.19M
3.67%
83.59%
1%
Engineering Services
Professional, Scientific, and Technical Services
Link
US
Tulsa

About MTRX

founded in 1984, matrix service company (nasdaq:mtrx) is a top-tier industrial contractor based in tulsa, oklahoma with subsidiary offices throughout the u.s. and canada as well as in sydney, australia and seoul, south korea. the company’s subsidiaries — matrix service, matrix nac, matrix pdm engineering and matrix applied technologies — provide engineering, procurement, fabrication and construction; maintenance and industrial cleaning services; and products to the energy, power and industrial markets. matrix is known as a leader in aboveground storage tanks and specialty vessels and is a contractor of choice for a host of industries including power generation, power delivery, integrated iron and steel, minerals and mining and more. matrix service company is ranked #49 in engineering-news record's annual top 400 contractors. we are also recognized as one of forbes 100 most trustworthy public companies, as one of fortune's top 100 fastest-growing companies and certified as a great workp