MATRIX SERVICE CO (MTRX) Form 8-K — Nov 4, 2026
Matrix Service Company reported fiscal 2027 Q1 revenue of $219.4 million, up from $211.9 million a year ago, and swung to net income of $6.2 million ($0.22 per diluted share) from a $3.7 million loss. Adjusted EBITDA more than tripled to $7.7 million from $2.5 million, on gross margin expansion to 8.2% and lower SG&A following restructuring. Management highlighted its third consecutive profitable quarter and double-digit organic growth in Storage & Terminal Solutions and Process & Industrial Facilities. The board approved a new $25 million share buyback, and the company ended the quarter debt-free with $221.8 million of liquidity.
Key figures
- Eps
- 0.22
- Revenue
- 219400000
- Net Income
- 6200000
- Total Debt
- 0
- Revenue Yoy
- 3.5% increase vs $211.9M
- Total Assets
- 567159000
- Cash Position
- 182400000
- Shares Outstanding
- 28057121
- Backlog
- $872.6M
- Abl facility
- $90M maturing September 2029
- Book to bill
- 0.6x
- Gross margin
- 8.2% vs 6.7% prior year
- Project awards
- $138.8M
- Adjusted ebitda
- $7.7M vs $2.5M prior year
- Restricted cash
- $25.0M
- Total liquidity
- $221.8M
- Adjusted net income
- $6.4M ($0.23/diluted share) vs prior-year adjusted net loss of $0.3M
- Buyback authorization
- $25M
- Segment revenue utility power
- $59.1M, -21%
- Segment revenue storage terminal
- $122.9M, +12%
- Segment revenue process industrial
- $37.4M vs $27.9M
AI analysis
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