Matrix Service sees FY25 revenue $900M-$950M, consensus $889.9M

The company said, “As we enter fiscal 2025, Matrix is well-positioned to achieve significant improvement in revenue, a return to historical margins, and improved earnings. The Company begins the year with a backlog of $1.4 billion, an opportunity pipeline of over $6 billion, and a streamlined organization that will efficiently leverage the Company’s cost structure as it continues to grow. We have reached an inflection point and, as we move through the year, we believe revenues from strong project execution and conversion of backlog put the company on a trajectory of upward growth and profitability. Based on the activity in our business, we are providing full-year revenue guidance that reflects the strength of the business and our expectations for growth.”