Matrix Service Company (MTRX)
NASDAQ:MTRX
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Earnings Data
Report Date
Sep 14, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
-0.4Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive tone: the company returned to profitability, improved gross margins, grew cash and liquidity, delivered a strong performance in Storage & Terminal Solutions and utility margins, and resolved legacy legal matters that added cash. Offsetting these positives were significant declines in the Process & Industrial Facilities segment, a modest reduction to revenue guidance (-2.2% at midpoint), timing-related deferred revenue (~$20M–$25M), and $3M of restructuring charges alongside planned executive departures. On balance, operational and financial improvements plus a robust $6.9B opportunity pipeline and over $1B backlog outweigh the near-term timing and segment-specific challenges.Company Guidance
Return to Profitability & Improved Earnings
Reported net income of $0.8M (GAAP) or $0.03 per diluted share vs a net loss of $3.4M, $0.12 per diluted share in prior-year Q3; adjusted earnings were $0.13 per fully diluted share. Adjusted EBITDA improved to $4.9M in the quarter vs breakeven in the prior-year quarter.
Revenue Growth Year-over-Year
Total revenue increased to $206.7M from $200.2M in prior-year Q3, approximately a 3.3% increase despite client-related delays and adverse weather.
Gross Margin Expansion
Overall gross margin rose to $17.2M (8.3% of revenue) from $12.9M (6.4%) in prior-year Q3 — an improvement of 1.9 percentage points driven by higher direct project margins and lower under-recovered overhead.
Storage & Terminal Solutions Surge
Storage and Terminal Solutions revenue increased 16% to $111.6M from $96.1M, the highest quarterly revenue for the segment in six years; segment gross margin improved to 7.0% from 3.9% (up 3.1 percentage points).
Utility & Power Infrastructure Margin Improvement
Utility and Power Infrastructure revenue modestly increased to $60.0M from $58.7M, with gross margin rising to 13.6% from 9.4% (up 4.2 percentage points) driven by strong execution on power delivery and peak shaving work.
Strong Balance Sheet & Liquidity Build
Cash balance increased by $34M during the quarter to $258M; total liquidity ended the quarter at $297M. Company stated financial position remains strong and able to support growth objectives.
Opportunity Pipeline and Backlog
Opportunity pipeline remains robust at $6.9B and backlog is over $1B; electrical book-to-bill was cited as well over 1.0, with over $30M of electrical awards tied to data center build-outs in the quarter.
Resolution of Legacy Legal Matters
Positive resolution of two legacy legal disputes added nearly $20M to cash and removes lingering distractions and future legal spend related to those matters.
Strategic Mining Win & Market Diversification
Received a limited notice to proceed on a major mining construction project (kickoff after quarter close) and highlighted expanding opportunity set in mining, minerals, power generation, and data centers as diversification beyond traditional LNG work.
Organizational Streamlining & Leadership Transition
Continued organizational realignment and cost efficiency initiatives have reduced SG&A to $15.2M from $17.7M year-over-year. COO Sean Payne will succeed as CEO on July 1; management expects a flatter organization and lower breakeven revenue requirements.
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 |
|---|---|---|---|
May 06, 2026 | $13.80 | $12.16 | -11.88% |
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% |
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 14, 2026, After Close (Confirmed).
What is Matrix Service Company (MTRX) earnings time?
Matrix Service Company (MTRX) earnings time is at Sep 14, 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 (Q4) is 0.17.