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 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.
Matrix Service Company (MTRX) reported an insider stock transaction by an officer. The President, Engineering & Construction sold 3,019 shares of common stock on 11/20/2025 in an open-market sale coded "S" at a weighted average price of $11.4239 per share. These shares were sold in multiple trades at prices ranging from $11.305 to $11.515. Following this transaction, the reporting person directly owned 107,410 shares of Matrix Service common stock.
Matrix Service Company filed a Form S-8 to register securities for the Matrix Service Company 2026 Employee Stock Purchase Plan and the Matrix Service Company Deferred Compensation Plan for Non-Employee Directors.
The director plan registers general unsecured Deferred Compensation Obligations. Non-employee directors may defer cash and equity compensation and choose an interest alternative or a stock unit alternative. Interest credits are based on a prime rate designated by the Compensation Committee and are credited quarterly. Stock units are determined by dividing deferred amounts by the closing price of the Company’s common stock on the deferral date. Distributions occur in a lump sum within 60 days after a director’s service ends, with stock units settled in shares of common stock and interest-based balances paid in cash.
Matrix Service Company filed a Form S-8 to register 1,025,000 additional shares of common stock for issuance under its 2020 Stock and Incentive Compensation Plan.
The increase was approved by stockholders on November 4, 2025, following a proxy process in September and October. The newly registered shares are the same class as those covered by prior S-8 filings in 2020, 2022, and 2023. This filing expands the share pool available for future equity awards under the plan.
Matrix Service Company (MTRX) reported higher activity in Q1 fiscal 2026, with revenue of $211.9 million, up 28% year over year. Gross profit rose to $14.2 million and gross margin improved to 6.7%. The company recorded a net loss of $3.7 million (loss per share $0.13), reflecting $3.3 million of restructuring costs tied to ongoing organizational changes.
Storage and Terminal Solutions led revenue at $109.5 million, while Utility and Power Infrastructure posted a 9.1% gross margin on stronger execution. SG&A declined 12% as cost actions took hold. Backlog ended at $1.161 billion with a quarterly book‑to‑bill of 0.9x, and remaining performance obligations were $958.3 million, with $621.3 million expected within 12 months.
Liquidity totaled $248.9 million at quarter end, including $192.3 million in cash and $56.6 million of availability under the ABL Facility. Operating cash flow was $(25.9) million, driven by working capital timing.
Matrix Service Company furnished an 8-K to announce it issued a press release with financial results for the fiscal 2026 first quarter. The press release, dated November 5, 2025, is included as Exhibit 99. The disclosure under Item 2.02 is being furnished and is not deemed filed under Section 18 of the Exchange Act or incorporated by reference except as expressly stated.
Matrix Service Company (MTRX) disclosed an insider equity award. Director Martha Z. Carnes reported an acquisition of 7,986 shares of common stock on 11/04/2025 at $0, reflecting a restricted stock unit (RSU) grant.
According to the footnote, each RSU converts into one share and 100% will vest on the first anniversary date. Following this grant, her beneficial ownership stands at 71,183 shares, held directly. The transaction was coded “A” for an award/grant.