Matrix Service Company (MTRX) Announces Fiscal Year 2025 Fourth Quarter And Full-Year Earnings Results; Issues Fiscal 2026 Revenue Guidance

Matrix Service Company (MTRX) today announced its earnings results for the most recent quarter, reporting earnings per share that met analysts’ expectations at $0.015. The company’s performance reflects a steady alignment with market forecasts, indicating stability in its financial outlook. As MTRX continues to navigate the challenges of the industry, these results provide a glimpse into its operational resilience and strategic direction.

Key Highlights:

• Total backlog of $1.4 billion as of June 30, 2025.
• Fourth quarter revenue increased by 14% year-over-year to $216.4 million.
• Full-year fiscal 2025 revenue totaled $769.3 million.
• Fiscal 2026 revenue guidance set between $875 million and $925 million, implying a growth of 17% year-over-year at the midpoint.
• Net loss per share for the fourth quarter was $(0.40), compared to $(0.16) in the prior year.
• Adjusted EBITDA for the fourth quarter was $(4.8) million, down from $0.2 million in the previous year.
• Strong project awards in the Utility and Power Infrastructure segment, with a book-to-bill ratio of 1.7x.

Summary: Matrix Service Company reported its fourth quarter and full-year results for fiscal 2025, highlighting a total backlog of $1.4 billion and a revenue increase of 14% year-over-year to $216.4 million for the quarter. The company faced a net loss of $(11.3) million for the quarter, attributed to various discrete items impacting revenue and net income. John Hewitt, President and CEO, noted, “During the fourth quarter, we had continued momentum across multiple large projects… Project awards during the quarter grew 6% year-over-year, driven by strong demand within our Utility and Power Infrastructure segment.”

Looking ahead, Matrix Service Company issued revenue guidance for fiscal 2026, projecting between $875 million and $925 million, which represents a potential growth of 17% at the midpoint. Hewitt expressed optimism about the upcoming fiscal year, stating, “We see fiscal 2026 as a year of sustained growth and earnings improvement… The bidding environment remains strong supported by a robust long-term opportunity pipeline.” The company is focused on enhancing its operational efficiency and aligning its organizational structure to support profitable growth in specialty engineering and construction markets.

Matrix Service Company (MTRX) has experienced a rollercoaster ride in its stock price, with a notable 56.99% increase over the past year, showcasing a strong recovery from previous lows. However, recent trends indicate a slight downturn, with the stock dropping 2.78% in the past week and 1.34% over the last month. This volatility comes against a backdrop of concerning fundamental metrics; the company currently holds a negative price-to-earnings ratio of -9.16, reflecting ongoing challenges in profitability. Additionally, the return on invested capital is also negative at -3.87%, indicating inefficiencies in generating returns from its investments. The net profit margin stands at -3.14%, further underscoring the financial hurdles MTRX faces. While the stock has shown resilience in the longer term, the recent price fluctuations and lackluster financial metrics suggest that investors should proceed with caution as the company navigates its path to recovery.

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The Utility and Power Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, distribution upgrades, and maintenance; and emergency and storm restoration services. This segment also provides construction and maintenance services to combined cycle plants and other natural gas fired power stations. The Process and Industrial Facilities segment engages in the crude oil refining; processing, fractionating, and marketing of natural gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction service. The Storage and Terminal Solutions segment undertakes work related to aboveground storage tanks and terminals; engineering, fabrication and construction, and maintenance and repair, which include planned and emergency services; and liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, hydrogen, and other specialty vessels, which comprise spheres, as well as marine structures, and truck and rail loading/offloading facilities. Its services include engineering, fabrication and construction, and maintenance and repair, including planned and emergency services, as well as geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma.