secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2021-09-13T23:59:59+00:00
Accession:  0000866273-21-000086
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matrix Service Q4 revenue $174.9M, net loss $10.7M; backlog $462.6M
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- Q4 revenue up 18% sequentially to $174.9M; full-year revenue $673.4M.
- Net loss of $10.7M ($0.40 loss per share) due to $6.6M project cost reduction in Utility & Power and $2.9M customer settlement in Storage & Terminal.
- Project awards totaled $99.1M in Q4; backlog $462.6M at June 30, 2021; book-to-bill 0.6.
- Strong balance sheet: $83.9M cash, no debt. Entered new $100M asset-backed credit facility on Sept 9, 2021.
- Awards accelerating in early fiscal 2022; management expects improving backlog and clean energy market tailwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627321000086/0000866273-21-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627321000086/mtrx-20210913.htm
  HTML page:      https://secwatch.observer/filing/0000866273-21-000086

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