Welcome to our dedicated page for Matrix Svc Co SEC filings (Ticker: MTRX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Matrix Service Company's SEC filings document operating results, governance matters and material events for an engineering and construction contractor serving energy and industrial markets. Its 8-K reports furnish quarterly and full-year financial results, non-GAAP reconciliations, liquidity, debt position, backlog, project awards and revenue guidance.
Proxy and annual-meeting filings describe board elections, director independence, committee structure, audit matters, executive compensation, shareholder voting results and risk oversight. Other current reports record executive departures, transition and separation arrangements, and leadership changes at the company and its Matrix NAC operating subsidiary.
Matrix Service Company VP Finance & CFO Kevin S. Cavanah reported selling a total of 56,509 shares of common stock in open-market transactions. The sales occurred on June 4, 2026 and June 5, 2026 at weighted average prices of about $14.10 per share.
These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 23, 2026. After the sales, Cavanah directly holds 90,604 shares of Matrix Service common stock.
MTRX: Notice of proposed sale of 60,000 common shares. The filing lists 60,000 shares of Common Stock proposed for sale with an aggregate value of $840,000 and a reported outstanding share figure of 28,133,850 as of 06/04/2026. The excerpt also shows a prior sale of 60,000 shares on 05/26/2026 for $773,820.
Matrix Service Company VP Finance & CFO Kevin S. Cavanah reported an open-market sale of 60,000 shares of common stock at a weighted average price of $12.897 per share. The sale was executed on May 26, 2026 and was made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on February 23, 2026. After this transaction, Cavanah directly holds 147,113 shares of Matrix Service common stock. The shares were sold in multiple trades at prices ranging from $12.79 to $13.06 per share.
MTRX submitted a Form 144 notice reporting the proposed sale of 60,000 shares through Robert W. Baird & Co. Incorporated. The filing shows an associated value of $763,800.00 and cites 28,133,850 (reference number) with an entry date of 05/26/2026.
Matrix Service Company president and CEO John R. Hewitt reported an open-market sale of 36,000 shares of common stock on May 8, 2026. The weighted average sale price was $12.5048 per share across multiple trades between $12.50 and $12.59. After this transaction, he directly holds 581,806 shares of Matrix Service common stock.
MTRX submitted a Form 144 notice indicating proposed sales of 36,000 shares of Common Stock with an aggregate value of $437,760.00. The filing lists 28,133,850 shares outstanding as of 05/08/2026. Several past equity awards and one open‑market purchase are itemized with individual share counts and dates.
Matrix Service Company returned to profitability in the quarter ended March 31, 2026, posting net income of $0.8 million versus a loss of $3.4 million a year earlier on revenue of $206.7 million, up 3%.
Gross margin improved to 8.3% from 6.4% as Storage and Terminal Solutions and Utility and Power Infrastructure delivered stronger project execution, partly offset by weaker Process and Industrial Facilities results. For the nine months, revenue rose to $629.1 million and the net loss narrowed to $3.7 million from $18.2 million.
The company recorded $3.0 million in quarterly restructuring and other costs, including CEO transition expenses and lease impairments, and $6.5 million year-to-date. Liquidity was strong, with $233.0 million in unrestricted cash and $64.2 million of undrawn availability under its ABL facility, for total liquidity of $297.2 million. Backlog stood at $1.03 billion, and remaining performance obligations were $932.9 million, supporting future revenue visibility.
Matrix Service Company reported fiscal 2026 third quarter revenue of $206.7 million and returned to profitability with net income of $0.8 million, or $0.03 per diluted share, compared with a loss a year ago.
Adjusted net income was $3.8 million and Adjusted EBITDA reached $4.9 million, reflecting stronger gross margins and lower SG&A. Liquidity was $297.2 million at March 31, 2026, including $233.0 million of cash and no outstanding debt. Backlog was $1.0 billion, supported by a project pipeline of more than $6.9 billion, though the quarterly book-to-bill ratio was 0.5x. The company updated fiscal 2026 revenue guidance to a range of $870 million to $890 million, still implying double‑digit growth over fiscal 2025.
Matrix Service Company is implementing leadership changes as part of broader organizational updates following the previously announced appointment of Shawn P. Payne as Chief Executive Officer, effective July 1, 2026. Vice President of Finance and Chief Financial Officer Kevin S. Cavanah will remain in his role through a transition period tied to the filing of the company’s Form 10-K for the fiscal year ending June 30, 2026 or earlier termination without cause. Under a transition and separation agreement, he will receive a lump sum cash payment of $771,000, 18 months of company-paid COBRA continuation coverage, accelerated vesting of his outstanding restricted stock units, and pro rata service credit on performance units that may vest based on actual performance. Chief Administrative Officer Nancy E. Austin will step down effective May 7, 2026 under a separate separation agreement, with a lump sum payment of $608,345, 18 months of company-paid COBRA coverage, vesting of 20,368 restricted stock units, and deemed satisfaction of service conditions on certain performance units. The company states that both separations are not due to disagreements with the company, and the Chief Administrative Officer role will be eliminated with responsibilities reassigned to other executives.
BlackRock, Inc. amended a Schedule 13G/A to report beneficial ownership of 1,920,729 shares of Matrix Service Company common stock, representing 6.8% of the class. The amendment (Amendment No. 3) was signed on 04/07/2026 and lists 1,895,011 shares as sole voting power and 1,920,729 as sole dispositive power.