---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-22-000017"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:45:01.203112+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Matrix Service Q3 FY22: $1.30 GAAP EPS loss, revenue $177M, backlog up 28% to $594M

## Summary
- Net loss $34.9M ($1.30 diluted EPS); adjusted loss $13.4M ($0.50 diluted) vs prior year adjusted loss $0.43.
- Revenue $177.0M, up $15M from Q2; gross margin (1.0%) due to under-recovered overheads and cost increases on two pandemic-era projects.
- Backlog $594.2M (up 28% YTD); project awards $179.7M in Q3, $638.7M year-to-date (81% increase vs prior year).
- No debt, liquidity $86.8M ($34.1M cash + $52.7M ABL); recorded $18.3M goodwill impairment and $7.7M deferred tax asset valuation allowance.
- CEO expects material backlog increases in coming quarters on LNG and energy infrastructure awards.

## SEC filing metadata
- accession: 0000866273-22-000017
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2022-05-09T23:59:59+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/866273/000086627322000017/0000866273-22-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627322000017/mtrx-20220509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-22-000017
- JSON: https://secwatch.observer/filing/0000866273-22-000017.json
- Plain text: https://secwatch.observer/filing/0000866273-22-000017.txt

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