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Matrix Service reports Q4 adjusted EPS (14c), consensus (21c)

Reports Q4 revenue $189.5M, consensus $202.8M. Total backlog was $1.4B in Q4. “We advanced work on multiple large projects during the quarter, which contributed to meaningful cash generation to close-out the fiscal year,” said John Hewitt, President and Chief Executive Officer. “As a reminder, we are still in the early phases of these multi-year projects.”

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