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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 (Nasdaq: MTRX) will announce its Fiscal Year 2021 first quarter results, ending September 30, 2020, on November 4, 2020, after market close. A conference call with CEO John R. Hewitt and CFO Kevin S. Cavanah is scheduled for November 5, 2020, at 10:30 a.m. Eastern Time. The call will discuss financial performance and will be available for online access on the company's website. Matrix provides industrial engineering and construction services across North America and beyond, focusing on utility, process, and storage segments.
Matrix Service Company (MTRX) announced its fifth consecutive year of certification as a great workplace by Great Place To Work®. The certification is based on anonymous employee surveys, reflecting the company's commitment to fostering a diverse and inclusive work environment. President and CEO John R. Hewitt emphasized the importance of employee feedback in enhancing workplace culture, particularly during challenging times. Matrix Service Company is recognized for its values and has previously been listed among Forbes' Top 100 Most Trustworthy Companies in America.
Matrix Service Company (Nasdaq: MTRX) announced that its President and CEO John R. Hewitt, along with CFO Kevin Cavanah, will participate in the Sidoti Virtual Investor Conference on September 23-24, 2020. The Company will present on September 24 from 3:15 to 3:45 p.m. eastern time. One-on-one meetings with management can be scheduled in advance by contacting the Company.
Matrix Service Company (MTRX) announced participation in the DA Davidson 19th Annual Diversified Industrials & Services Conference on September 22-23, 2020. The event will be virtual, with opportunities for one-on-one meetings with management available upon prior notice. Matrix is recognized for its strong core values and has been listed among Forbes Top 100 Most Trustworthy Companies.
Matrix Service Company (Nasdaq: MTRX) will announce its Fiscal Year 2020 fourth quarter results on September 2, 2020, followed by a conference call on September 3, 2020. The company is realigning its reporting segments into three key areas: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. This reorganization aims to better reflect strategic goals and growth opportunities in renewable energy sectors and upgraded North American electrical infrastructure.
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Matrix Service Company (Nasdaq: MTRX) announced that its CEO, John R. Hewitt, along with CFO Kevin Cavanah, will present at the Stifel 2020 Virtual Cross Sector Insight Conference on June 10, 2020, at 3:20 p.m. ET. The company, based in Tulsa, Oklahoma, specializes in energy and power market contracting across North America. One-on-one virtual meetings with management can be scheduled for interested investors. Founded in 1984, Matrix has been recognized for its corporate integrity and workplace culture.
Matrix Service Company (Nasdaq: MTRX) reported Q3 fiscal 2020 results with revenues of $248.3 million, down from $358.9 million year-over-year, primarily due to COVID-19 impacts and withdrawal from the iron and steel market. The company recorded a loss of $0.21 per share, contrasting with earnings of $0.33 in the prior year. Strong liquidity remains, with $216.3 million in total liquidity. Backlog stood at $727.1 million. A restructuring plan is expected to yield $40 million in annual savings. Uncertainty remains regarding revenue expectations for the remainder of 2020 and into 2021.
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