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Matrix Service Company (MTRX)
NASDAQ:MTRX
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.09Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a mostly constructive operational and financial picture: revenue and gross profit grew, adjusted EBITDA turned positive, liquidity is strong and the firm reiterated FY revenue guidance and H2 profitability. These positives are tempered by a one-time $3.6M project charge that materially impacted Storage & Terminal Solutions margins and a Q2 book-to-bill below 1.0 amid macro and permitting-related award timing uncertainty. Management highlighted a sizable $7.3B pipeline and $1.1B backlog, positioning the company for continued award conversion, although some larger awards may slip into FY2027. Overall, the balance sheet strength, margin improvements in the utility segment, pipeline expansion and return to adjusted EBITDA positivity outweigh the near-term operational headwinds and one-time charge.Company Guidance
Revenue Growth
Consolidated revenue of $210.5M in Q2 FY2026, up $23.3M or 12% year-over-year, driven by growth across all three segments with utility and power infrastructure accounting for over 60% of the increase.
Improved Profitability Metrics
Consolidated gross profit rose 21% to $13.1M (gross margin 6.2% vs 5.8% prior year). Adjusted EBITDA improved by $4.6M to a positive $2.4M (from a $2.2M loss prior year); EPS loss narrowed to $0.03 from $0.20 and net loss improved to $0.9M from $5.5M.
Strong Utility & Power Infrastructure Performance
Utility & Power Infrastructure segment revenue increased 23% to $75.4M and segment gross profit rose 112% to $7.2M. Segment gross margin expanded to 9.6% from 5.6%, reflecting strong project execution and improved overhead recovery.
Backlog, Pipeline and Awards
Backlog stands at $1.1B and opportunity pipeline expanded to $7.3B (≈$600M / ~10% increase from prior quarter). Q2 project awards were approximately $177M, supporting future revenue conversion.
Balance Sheet Strength and Liquidity
Cash increased by $7M during the quarter to $224M; total liquidity of $258M and no outstanding debt, plus $1.5M of interest income in the quarter.
Cost Discipline and SG&A Reduction
SG&A decreased 13% to $15.1M from $17.3M year-over-year, driven by organizational realignment and lower stock-based compensation; management cites an ongoing SG&A quarterly run rate of ~$16.5M.
Strategic Wins and Market Positioning
Secured LNG storage and NGL-related awards including LNG storage for a Virginia AI corridor project, additional storage for two gas-fired generators in the Southeast, and a subsequent FEED award for dual-fuel capability for a Midwestern utility; company reiterates full-year revenue guidance of $875M–$925M and expects to achieve profitability in H2 FY2026.
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
MTRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $13.50 | $11.25 | -16.67% |
Nov 05, 2025 | $15.60 | $12.66 | -18.85% |
Sep 09, 2025 | $14.25 | $12.27 | -13.89% |
May 07, 2025 | $12.26 | $13.65 | +11.34% |
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 May 13, 2026, After Close (Confirmed).
What is Matrix Service Company (MTRX) earnings time?
Matrix Service Company (MTRX) earnings time is at May 13, 2026, 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 (Q3) is 0.09.