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Matrix Service Company (MTRX)
NASDAQ:MTRX
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.53Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -6.84%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Matrix Service Company. While there is significant revenue growth in key segments and an increased opportunity pipeline, challenges such as a revenue guidance reduction, under-recovery of construction overhead costs, and a net loss for the quarter weigh on the outlook. Market conditions are positive, and there is optimism for future profitability, but current financial challenges are evident.Company Guidance
During the Matrix Service Company conference call for the second quarter of fiscal 2025, guidance included a downward revision of the full-year revenue forecast by approximately 5% at the midpoint, adjusting from a range of $900 to $950 million to a range of $850 to $900 million. This adjustment was primarily due to the delayed award of a major energy project and the postponed mobilization to site for another significant project. Despite these setbacks, the company's opportunity pipeline increased from $5.7 billion to $7 billion, with significant contributions from LNG peak shaving opportunities. Matrix anticipates organic revenue growth of over 40% in the second half of fiscal 2025 compared to the same period in fiscal 2024 and expects to return to profitability due to improved fixed cost absorption and margin realization. The full-year book to bill ratio is projected to be at or above 1.0. The company also highlighted its strong balance sheet, with a net cash position and total liquidity of $211.7 million, supporting future growth and strategic investments.Revenue Growth in Key Segments
Second quarter revenue increased by 7% year-over-year to $187.2 million, with a 13% increase over the first quarter of fiscal 2025. Revenue growth was driven by the storage and terminal solutions and utility and power infrastructure segments.
Increased Opportunity Pipeline
Opportunity pipeline increased from $5.7 billion at the end of the second quarter to $7 billion by January 2025, driven by LNG peak shaving opportunities.
Strong Backlog and Future Prospects
Backlog remains at $1.3 billion, with expectations for strong future project awards, including a planned $1 billion in fiscal 2025 project awards.
Positive Market Conditions
Supportive policy environment for energy and industrial infrastructure projects, with domestic LNG export capacity expected to grow by 85% by 2028.
Return to Profitability Expected
Company expects to return to profitability in the second half of fiscal 2025 due to improved fixed cost absorption and margin realization.
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MTRX Earnings History
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
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MTRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 08, 2024 | $11.84 | $10.64 | -10.14% |
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.
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FAQ
When does Matrix Service Company (MTRX) report earnings?
Matrix Service Company (MTRX) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Matrix Service Company (MTRX) earnings time?
Matrix Service Company (MTRX) earnings time is at May 07, 2025, TBA Not 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 (Q3) is -0.05.
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