---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-21-000113"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2021-11-08T23:59:59+00:00"
generated_at: "2026-06-28T11:50:39.939037+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Matrix Service Q1 FY2022 revenue $168.1M, loss $0.66/sh; backlog up 21% on $266.9M awards

## Summary
- Revenue $168.1M, down from $174.9M in Q4; GAAP loss $0.66/sh, adjusted loss $0.60.
- Project awards $266.9M, book-to-bill 1.6 (highest since Q1 FY2020); backlog $561.4M (+21.4%).
- Utility & Power segment hit by $5.9M cost overrun on a large capital project; Storage & Terminals margin 0.6%.
- Balance sheet: no debt, new $100M credit facility; liquidity $66.8M plus $27.6M restricted cash.
- CEO expects improving results in H2; bidding remains strong across LNG, renewables, electrical infrastructure.

## SEC filing metadata
- accession: 0000866273-21-000113
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2021-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866273/000086627321000113/0000866273-21-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627321000113/mtrx-20211108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-21-000113
- JSON: https://secwatch.observer/filing/0000866273-21-000113.json
- Plain text: https://secwatch.observer/filing/0000866273-21-000113.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.