While Matrix Service Company reported significant improvements in safety performance, a strong backlog, and a robust cash position, the financial results were negatively impacted by legacy issues, labor productivity challenges, and restructuring costs. Although there are positive signs for future growth, the current financial results were below expectations, leading to a balanced sentiment.

Company Guidance

During the Matrix Service Company fourth-quarter fiscal 2025 earnings call, key guidance metrics highlighted included a projected revenue range for fiscal 2026 between $875 million to $925 million, representing a 17% year-over-year growth at the midpoint. The company expects approximately 85% of this revenue to be supported by existing backlog that is already underway. The backlog was reported to be near a record at approximately $1.4 billion. Matrix also discussed its strategy to leverage a $5.9 billion opportunity pipeline, focusing on both current business areas and new high-growth markets. Despite some challenges in fiscal 2025, including a $6.4 million revenue reduction due to legacy project disputes and $3.4 million in restructuring costs, the company aims to return to profitability in fiscal 2026. The restructuring actions are expected to reduce annual overhead costs by approximately $12 million. Matrix is also preparing for a strong future with plans to pursue organic growth supplemented by mergers and acquisitions.

Improved Safety Performance

Matrix Service Company significantly improved its total recordable incident rate (TRIR) from 0.91 in fiscal 2024 to 0.51 in fiscal 2025, and its DART rate from 0.28 to 0.21.

Strong Backlog and Revenue Guidance

The company reported a near-record backlog of approximately $1.4 billion and expects fiscal year 2026 revenue to be between $875 million to $925 million, representing a 17% year-over-year growth at the midpoint.

Robust Cash Position

Cash balances increased by $109 million to $249.6 million as of June 30, 2025, with available liquidity of $284.5 million and a debt position of zero.

Cost Reduction and Efficiency Improvements

The company executed organizational improvements, reducing annual overhead by approximately $12 million and decreasing the breakeven revenue point to $210 million to $215 million per quarter.

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
Nov 05, 2025	2026 (Q1)	0.02 / -	-0.33	―	―	―
Sep 09, 2025	2025 (Q4)	0.01 / -0.40	-0.16	-150.00% (-0.24)
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)

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
Sep 09, 2025	$14.25	$12.27	-13.89%
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%

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 Nov 05, 2025, After Close (Confirmed).

What is Matrix Service Company (MTRX) earnings time?

Matrix Service Company (MTRX) earnings time is at Nov 05, 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 2026 (Q1) is 0.02.

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