The earnings call presented a mixed outlook with strong revenue growth and backlog but also highlighted significant challenges such as exiting a service line and revised revenue guidance due to macroeconomic uncertainties. The company is making strategic adjustments to improve its competitiveness and profitability.

Company Guidance

During the Matrix Service Company conference call, the company revised its fiscal 2025 revenue guidance to $770 million to $800 million, a 10% reduction from previous estimates, primarily due to exiting the transmission and distribution business, which accounted for an estimated $50 million impact. The company reported a 21% increase in third-quarter revenue to $200.2 million, with significant contributions from the Storage and Terminal Solutions segment, which grew 77% to $96.1 million. The backlog increased by 8% sequentially to over $1.4 billion, driven by $301 million in project awards, resulting in a book-to-bill ratio of 1.5. Gross margin for the quarter improved to 6.4%, up from 3.4% in the prior year, as the impact of under-recovered construction overhead decreased to 280 basis points. The company aims to maintain a long-term gross margin target of 10% to 12% and is confident in achieving sustainable growth with an estimated $7 billion pipeline of project opportunities.

Strong Revenue Growth

Revenue growth continued in the third quarter, increasing 21% to $200.2 million, compared to $166 million in the third quarter last year.

Record Backlog

The company grew backlog by nearly 8% sequentially to over $1.4 billion on $301 million of project awards, resulting in a book-to-bill of 1.5.

Improved Financial Performance

Adjusted EBITDA improved to breakeven in the quarter, compared to a loss of $10 million in the third quarter last year.

Utility and Power Infrastructure Segment Growth

Utility and Power Infrastructure segment revenue increased 27% to $58.7 million in the third quarter, benefiting from a higher volume of work associated with natural gas peak shaving projects.

Strong Cash Flow and Liquidity

Net cash provided by operating activities was $31.2 million during the third fiscal quarter and $76.8 million year-to-date, with available liquidity increased to $247.1 million.

Matrix Service Company (MTRX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MTRX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 09, 2025	2025 (Q4)	0.01 / -	-0.16	―	―	―
May 07, 2025	2025 (Q3)	-0.05 / -0.12	-0.53	77.36% (+0.41)
Feb 05, 2025	2025 (Q2)	-0.23 / -0.20	-0.1	-100.00% (-0.10)
Nov 06, 2024	2025 (Q1)	-0.32 / -0.33	-0.12	-175.00% (-0.21)
Sep 09, 2024	2024 (Q4)	-0.21 / -0.16	-0.01	-1500.00% (-0.15)
May 08, 2024	2024 (Q3)	-0.13 / -0.53	-0.47	-12.77% (-0.06)
Feb 07, 2024	2024 (Q2)	-0.10 / -0.10	-1.22	91.80% (+1.12)
Nov 08, 2023	2024 (Q1)	-0.09 / -0.12	-0.24	50.00% (+0.12)
Sep 11, 2023	2023 (Q4)	-0.21 / -0.01	0.5	-102.00% (-0.51)
May 08, 2023	2023 (Q3)	-0.18 / -0.47	-1.3	63.85% (+0.83)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MTRX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2025	$12.26	$13.65	+11.34%
Feb 05, 2025	$14.04	$14.14	+0.71%
Nov 06, 2024	$12.91	$12.75	-1.24%
Sep 09, 2024	$9.14	$10.54	+15.32%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Matrix Service Company (MTRX) report earnings?

Matrix Service Company (MTRX) is schdueled to report earning on Sep 09, 2025, After Close (Confirmed).

What is Matrix Service Company (MTRX) earnings time?

Matrix Service Company (MTRX) earnings time is at Sep 09, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MTRX EPS forecast?

MTRX EPS forecast for the fiscal quarter 2025 (Q4) is 0.02.

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