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Matrix Service Co  (MTRX)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $13.2200 $0.13 0.993%
Day's High: $13.65 Week Perf: 3.2 %
Day's Low: $ 12.96 30 Day Perf: 10.91 %
Volume (M): 1,472 52 Wk High: $ 13.65
Volume (M$): $ 19,465 52 Wk Avg: $8.47
Open: $12.96 52 Wk Low: $4.58



 Market Capitalization (Millions $) 362
 Shares Outstanding (Millions) 27
 Employees 4,826
 Revenues (TTM) (Millions $) 765
 Net Income (TTM) (Millions $) -19
 Cash Flow (TTM) (Millions $) 16
 Capital Exp. (TTM) (Millions $) 7

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
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ACM        0.25% 
KBR   -1.42%    
STRL   -1.11%    
TTEK   -3.61%    
WLDN        10.45% 
WTS        0.32% 
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Contract

Matrix Service Company Secures Contract for West Coast Storage Tanks, Demonstrating Construction Excellence and Commitment to Sustainability

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...

Matrix Service Co

Matrix Service Co experiences revenue regression during October-December 2023

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.

Matrix Service Co

Construction Services Industry Witnesses a Moderate Decline in Q1 2024 Revenue: Analysis



In the latest financial release, Matrix Service Co's fiscal results showcased a mixed performance, as the company faced losses in earnings and revenue decline. However, a deeper analysis reveals positive aspects, such as reduced deficits compared to the previous year and gradually gaining market momentum. Let's examine these financial results in the context of Matrix Service Co's recent market performance.
Revenue and Earnings Analysis:
For the most recent fiscal period, Matrix Service Co experienced a loss of $0.12 per share, an improvement from the $0.24 loss per share reported a year earlier. However, the company witnessed an increased loss from the preceding reporting period, with earnings dropping from a loss of $0.01 per share. The revenue also contracted, declining by 5.168% to $197.66 million when compared to the same period last year. Additionally, the sequential revenue decreased by 3.981% from $205.85 million.

Matrix Service Co

Matrix Service Co Surprises Market Enthusiasts with a Moderate Revenue Boost in Fiscal Q4 2023

Investors in the stock market have been closely following the performance of Matrix Service Co, a prominent company in the Construction Services sector. The recent financial period has brought about some notable changes, both positive and negative, which have captured the attention of market enthusiasts.
Starting with the company's earnings, it is worth mentioning that Matrix Service Co reported a wider deficit of $-0.01 per share for the most recent fiscal period. Although this may seem distressing at first glance, it is important to note that this is an improvement from the previous year's earnings of $0.50 per share. Additionally, the company experienced an impressive turnaround in its Income per Share, improving from $-0.47 per share in the previous reporting period.

Matrix Service Co

Matrix Service Co Surpasses Expectations with Impressive Q3 FY2023 Results

Matrix Service Co Shows Strong Progress in Q3 FY2023
Matrix Service Co, a leading provider of engineering, construction, and maintenance services, showed promising results in its third-quarter financial report for FY2023. The company has demonstrated significant improvement in many areas, including reduced losses per share and increased revenue, compared to its previous year's performance.
In Q3 FY2023, the company managed to decrease its losses per share to $-0.47 per share from $-1.30 in the same period last year. The earnings per share also improved from $-1.22 to $-0.47 from the preceding reporting period. This is a clear indication that the company is on the right track and making progress towards profitability.






 

Matrix Service Co's Segments
 
 
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