Welcome to our dedicated page for MATRIX SERVICE 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 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.
Matrix Service Co files an amended Schedule 13G reporting that The Vanguard Group beneficial ownership is 0 shares. The amendment explains an internal realignment effective January 12, 2026, under SEC Release No. 34-39538, causing certain Vanguard subsidiaries/divisions to report separately.
The filing lists 0 shares beneficially owned and 0% of the class, and is signed by Ashley Grim on 03/27/2026.
Matrix Service Company VP and Chief Administrative Officer Nancy E. Austin sold 4,193 shares of common stock in an open-market transaction. The sale occurred at a weighted average price of $11.2915 per share, with individual trades ranging from $11.20 to $11.35. After this transaction, she directly holds 106,138 common shares.
Matrix Service Company reported higher sales but remained slightly unprofitable for the quarter ended December 31, 2025. Quarterly revenue rose to $210.5 million from $187.2 million, while net loss narrowed sharply to $0.9 million, or $(0.03) per share, from $5.5 million, or $(0.20).
For the first six months, revenue grew to $422.4 million from $352.7 million, and net loss improved to $4.6 million from $14.8 million, helped by a 12% reduction in selling, general and administrative costs. Gross margin improved to 6.5%, although a $3.6 million specialty tank warranty and commercial charge weighed on Storage and Terminal Solutions.
Backlog remained strong at $1.13 billion, with particularly solid awards in Storage and Terminal Solutions and Utility and Power Infrastructure. Liquidity was robust, with $199.0 million of cash and $58.6 million of availability under the asset-based credit facility, supporting ongoing restructuring and project execution.
Matrix Service Company filed a current report stating that on February 4, 2026 it issued a press release announcing its financial results for the fiscal 2026 second quarter. The press release is included as Exhibit 99, and the earnings information is being furnished rather than filed under securities laws.
BlackRock, Inc. filed an amended Schedule 13G reporting a significant passive ownership position in Matrix Service Company common stock. BlackRock reports beneficial ownership of 3,493,231 shares, representing 12.4% of the outstanding common stock as of the event date 12/31/2025. It has sole power to vote 3,467,582 shares and sole power to dispose of 3,493,231 shares, with no shared voting or dispositive power.
The filing states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Matrix Service Company. One underlying holder, iShares U.S. Infrastructure ETF, has an interest in more than five percent of the company’s outstanding common stock through these holdings.
Matrix Service Company reported a leadership change at one of its subsidiaries. On December 30, 2025, Douglas J. Montalbano notified the company that he will resign as President of Matrix North American Construction, Inc., a union operating subsidiary, effective January 16, 2026. The company states that his resignation is not related to any dispute or disagreement with the subsidiary, its clients, or the parent company on matters related to operations, policies, or practices.
The President role at Matrix North American Construction will be filled on an interim basis by a current employee and officer of that subsidiary, who will report to Shawn Payne, President, Engineering & Construction of Matrix Service Company. This indicates continuity of leadership within the existing management team while a longer-term decision is considered.
Matrix Service Company (MTRX) reported that an officer, listed as President, Engineering & Construction, sold 5,231 shares of common stock on 11/25/2025. The weighted average sale price was $11.421 per share, with individual trade prices ranging from $11.375 to $11.48. After this transaction, the officer directly beneficially owns 102,179 shares of Matrix Service common stock.