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Matrix Service Company (MTRX) provides essential engineering and construction solutions for critical energy, power, and industrial infrastructure projects. This news hub offers investors and industry professionals centralized access to official corporate developments, financial updates, and operational milestones.
Track timely updates including quarterly earnings reports, major contract awards, and strategic partnership announcements. Stay informed about the company's progress in key operational segments like utility infrastructure development and specialized storage solutions across North America and international markets.
All content is sourced directly from verified corporate communications and regulatory filings. For comprehensive monitoring of MTRX's industrial contracting activities and market position, bookmark this page for regular updates.
Matrix Service Company (MTRX) reported an 18% revenue increase in Q4 2021, totaling $174.9 million, compared to $148.3 million in Q3. Full-year revenue reached $673.4 million. The company secured $99.1 million in project awards, leading to a backlog of $462.6 million. Despite a net loss of $10.7 million and a loss per share of $0.40 due to project-related costs and a settlement, the company maintains a strong balance sheet with $83.9 million in cash and no debt. A $100 million credit facility will enhance financial flexibility.
Matrix Service Company (Nasdaq: MTRX) announced that President and CEO John R. Hewitt, along with CFO Kevin Cavanah, will present at the D.A. Davidson 20th Annual Diversified Industrials & Services Conference on September 22, 2021, at 5 PM ET, and the Sidoti Fall Small Cap Investor Conference on September 23, 2021, at 10 AM ET. One-on-one meetings are available with prior notice. Matrix provides industrial engineering and construction services and emphasizes sustainability, ranking among the Top Contractors by Engineering-News Record.
Matrix Service Company (Nasdaq: MTRX) is set to announce its Fiscal Year 2021 fourth quarter and annual results after market close on September 13, 2021. A follow-up conference call will occur on September 14 at 10:30 a.m. Eastern Time, featuring President and CEO John R. Hewitt and CFO Kevin S. Cavanah. The call will be broadcast live online, with a replay available shortly after. Matrix is a prominent North American engineering and construction contractor with diverse operations across various sectors, emphasizing sustainability and strong ESG practices.
Matrix Service Company (Nasdaq: MTRX) announced that its President and CEO, John R. Hewitt, along with CFO Kevin Cavanah, will participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 12:00 p.m. EST. The presentation will be available online via the Stifel Webcast link. One-on-one meetings with management can be scheduled in advance through Stifel or by contacting Matrix directly.
Matrix is recognized for its commitment to sustainability and strong ESG practices, ranking among the Top 100 Contractors by Engineering-News Record.
Matrix Service Company (MTRX) reported third-quarter fiscal 2021 revenue of $148.3 million, down from $248.3 million the previous year. The company experienced a loss of $0.49 per fully diluted share, with an adjusted loss of $0.43. A 0.9 book-to-bill ratio resulted in a backlog of $538.3 million. The impact of COVID-19 and severe weather affected project deliveries, but cost reductions of $60 million and a strong cash position of $73.8 million without debt set a foundation for potential recovery as market conditions improve.
Matrix Service Company (Nasdaq: MTRX) will announce its Fiscal Year 2021 third quarter results on May 10, 2021, after market close. A conference call is scheduled for May 11, 2021, at 10:30 a.m. Eastern Time, featuring CEO John R. Hewitt and CFO Kevin S. Cavanah. The call will be available for live streaming and replays on the company’s website. Matrix operates in key segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions, emphasizing sustainability and strong governance practices.
Matrix Service Company (Nasdaq: MTRX) announced that its subsidiary, Matrix Service Inc., will lead the first phase of construction for the Fort Cady Borate Mine Facility in California, selected by American Pacific Borates Limited (APB). This phase aims to produce 20,000 short tons of potassium sulfate and 9,000 short tons of boric acid annually. Construction is set to begin in Q1 2021. CEO John R. Hewitt expressed pride in contributing to this significant infrastructure project, emphasizing safety, quality, and timely delivery.
Matrix Service Company (MTRX) reported its Q2 2021 results, with revenue of $167.5 million, down from $318.7 million year-over-year, primarily due to COVID-19 impacts. The company posted a net loss of $4.6 million ($0.17 loss per share) but achieved cash flow from operations of $20.8 million and eliminated outstanding debt. Cost-saving initiatives led to $60 million in annualized savings. The backlog stood at $622.8 million, and project awards in the quarter totaled $111.8 million, signaling potential growth in the clean energy market.
Matrix Service Company (Nasdaq: MTRX) will announce its Fiscal Year 2021 second-quarter results after market close on February 8, 2021, followed by a conference call on February 9, 2021, at 10:30 a.m. Eastern Time. The call will feature President and CEO John R. Hewitt and Vice President and CFO Kevin S. Cavanah, who will also be available for a live broadcast on the company’s website. Matrix is a leading industrial engineering and construction contractor focused on three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.
Matrix Service Company (Nasdaq: MTRX) has been contracted by Corteva Agriscience to construct a new water recovery facility in Pittsburg, California. This project, now in backlog, commenced in the first quarter of fiscal 2021. It encompasses process piping, steel fabrication, and all civil, mechanical, and electrical construction. The CEO, John R. Hewitt, expressed pride in supporting Corteva's sustainability goals through this project.
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