secwatch.observer — SEC 8-K summary
======================================

Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0000866273-21-000113
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627321000113/0000866273-21-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627321000113/mtrx-20211108.htm
  HTML page:      https://secwatch.observer/filing/0000866273-21-000113

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer