Matrix Service Co (NASDAQ: MTRX) |
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Price: $14.1800
$0.04
0.283%
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Day's High:
| $14.3928
| Week Perf:
| 4.26 %
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Day's Low: |
$ 12.75 |
30 Day Perf: |
10.44 % |
Volume (M): |
234 |
52 Wk High: |
$ 15.45 |
Volume (M$): |
$ 3,320 |
52 Wk Avg: |
$11.59 |
Open: |
$14.15 |
52 Wk Low: |
$8.61 |
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Market Capitalization (Millions $) |
394 |
Shares
Outstanding (Millions) |
28 |
Employees |
3,868 |
Revenues (TTM) (Millions $) |
708 |
Net Income (TTM) (Millions $) |
-9 |
Cash Flow (TTM) (Millions $) |
110 |
Capital Exp. (TTM) (Millions $) |
9 |
Matrix Service Co
The Company began operations in 1984 as an Oklahoma corporation under the
name of Matrix Service. In 1989, we incorporated in the State of Delaware under
the name of Matrix Service Company. We provide engineering, fabrication, infrastructure,
construction, and maintenance services primarily to the oil, gas, power, petrochemical,
industrial, mining and minerals markets. We maintain regional offices throughout
the United States and Canada, and operate through separate union and merit subsidiaries.
We operate our business through four reportable segments: Electrical Infrastructure,
Oil Gas & Chemical, Storage Solutions, and Industrial.
The Electrical Infrastructure segment primarily encompasses construction and
maintenance services to a variety of power generation facilities, such as combined
cycle plants, natural gas fired power stations, and renewable energy installations.
We also provide high voltage services to investor owned utilities, including
construction of new substations, upgrades of existing substations, short-run
transmission line installations, distribution upgrades and maintenance, and
storm restoration services.
The Oil Gas & Chemical segment includes our traditional turnaround activities,
plant maintenance services and construction in the downstream petroleum industry.
Another key offering is industrial cleaning services, which include hydroblasting,
hydroexcavating, chemical cleaning and vacuum services. We also perform work
in the petrochemical, natural gas, gas processing and compression, and upstream
petroleum markets.
The Storage Solutions segment includes new construction of crude and refined
products aboveground storage tanks (“ASTs”), as well as planned
and emergency maintenance services. The Storage Solutions segment also includes
balance of plant work in storage terminals and tank farms. Also included in
the Storage Solutions segment is work related to specialty storage tanks, including
liquefied natural gas (“LNG”), liquid nitrogen/liquid oxygen (“LIN/LOX”),
liquid petroleum (“LPG”) tanks and other specialty vessels, including
spheres. Finally, we offer AST products including floating roof seals.
The Industrial segment includes construction and maintenance work in the iron
and steel and mining and minerals industries, bulk material handling and fertilizer
production facilities, as well as work for clients in other industrial markets.
Company Address: 15 East 5th Street, Suite 1100 Tulsa 74103 OK
Company Phone Number: 838-8822 Stock Exchange / Ticker: NASDAQ MTRX
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Stock Performances by Major Competitors |
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Product Service News
Published Mon, Jul 1 2024 8:05 PM UTC
Matrix Service Company s Inclusion in Russell 3000 Index Signals Strong Growth Potential Matrix Service Company, a leading engineering and construction contractor in the energy and industrial markets, has recently announced its addition to the prestigious Russell 3000 Index. This development has significant implications for the company s future prospects and investor intere...
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Matrix Service Co
The recent financial results of Matrix Service Company may have raised concerns among investors, as the company reported an increased shortfall per share and a decline in revenue compared to the same period last year. This decline in performance can be attributed to various factors, such as market trends, economic conditions, and competition within the industry. Despite these challenges, Matrix Service Company has taken strategic steps to enhance its service offerings and expand its market presence. The company's recent announcement of a strategic relationship with Geldof to provide total EPC solutions for ammonia storage facilities across Europe demonstrates its commitment to innovation and growth. This partnership allows Matrix Service Company to leverage the expertise and resources of Geldof to deliver efficient and cost-effective solutions for the ammonia storage industry.
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Contract
Published Tue, Mar 19 2024 10:30 AM UTC
Matrix Service Company Announces Strategic Relationship with Geldof to Provide Total EPC Solutions for Ammonia Storage Across EuropeMatrix Service Company, a leading engineering and construction firm, has recently announced a strategic relationship with Geldof, a prominent provider of storage and handling solutions, to offer comprehensive engineering, procurement, and constr...
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Contract
Published Tue, Mar 5 2024 11:30 AM UTC
Matrix Service Company Receives Award From Long-Standing Client for Multiple Storage Tanks on the West CoastTULSA, Okla., March 05, 2024 - Matrix Service Company (Nasdaq: MTRX) has just announced an exciting development for its subsidiary, Matrix North American Construction (Matrix NAC). The company has been awarded the engineering, procurement, and construction of three 522...
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Matrix Service Co
As a financial journalist for the , I have been analyzing the recent financial results of Matrix Service Co for the second quarter of 2024. The company reported lower orders, which led to fading revenue and a greater deficit compared to the same period in the previous year. In the second quarter of 2024, Matrix Service Co reported a loss per share of $-0.10, an improvement from the loss per share of $-0.12 in the preceding financial reporting period. However, revenue decreased by -9.698% year-on-year to $175.04 million. This decline in revenue can be attributed to lower orders and a challenging market environment in the Construction Services industry.
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Per Share |
Current |
Earnings (TTM) |
-1.22 $ |
Revenues (TTM) |
25.48 $
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Cash Flow (TTM) |
3.94 $ |
Cash |
5.64 $
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Book Value |
5.47 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-1.22 $
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Revenues (TTM) |
25.48 $ |
Cash Flow (TTM) |
3.94 $ |
Cash |
5.64 $
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Book Value |
5.47 $ |
Dividend (TTM) |
0 $ |
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United States |
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93.76 % |
of total Revenue |
Canada |
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5.37 % |
of total Revenue |
Other international |
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0.87 % |
of total Revenue |
Fixed-price contracts |
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73.7 % |
of total Revenue |
Storage and Terminal Solutions |
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51.03 % |
of total Revenue |
Utility and Power Infrastructure |
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32.63 % |
of total Revenue |
Process and Industrial Facilities |
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16.34 % |
of total Revenue |
Corporate Segment |
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0.08 % |
of total Revenue |
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On September 9 2024 the Matrix Service Co provided following guidance
Matrix Service Company Reports Results for the Fourth Quarter and Full-Year Fiscal 2024; Provides Revenue Guidance for Fiscal 2025
In a recent announcement, Matrix Service Company (Nasdaq: MTRX), a prominent industrial engineering, construction, and maintenance contractor in North America, disclosed its financial outcomes for the fourth quarter and the entire fiscal year ending June 30, 2024. The company also shared its revenue guidance for Fiscal 2025, although specific figures were not included in the report.
Located in Tulsa, Oklahoma, Matrix Service Company continues to pave the way in the sectors it operates within, and the latest results underscore its ongoing commitment to excellence...
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