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Matrix Service Co  (NASDAQ: MTRX)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $14.1800 $0.04 0.283%
Day's High: $14.3928 Week Perf: 4.26 %
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



 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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ACM        3.19% 
TTEK   -2.37%    
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Product Service News

Matrix Service Company Sets Its Sights Higher with Russell 3000 Index Inclusion

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...

Matrix Service Co

Matrix Service Co. Faces Revenue Reduction, Takes Strategic Steps for Growth

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.

Contract

Matrix Service Company Partners with Geldof to Elevate Ammonia Storage in Europe and Addresses Financial Challenges

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...

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's Segments
United States    93.76 % of total Revenue
Canada    5.37 % of total Revenue
Other international    0.87 % of total Revenue
Fixed-price contracts    73.7 % of total Revenue
Storage and Terminal Solutions    51.03 % of total Revenue
Utility and Power Infrastructure    32.63 % of total Revenue
Process and Industrial Facilities    16.34 % of total Revenue
Corporate Segment    0.08 % of total Revenue

  Matrix Service Co Outlook

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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