---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-22-000035"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2022-06-28T23:59:59+00:00"
generated_at: "2026-06-24T22:47:06.722130+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Matrix Service completes sale of Orange CA facilities for $37.6M; records $32.8M pre-tax gain

## Summary
- Base sales price of $37.6M cash; net proceeds approximately $37.2M after customary adjustments.
- Pre-tax gain of $32.8M; NOLs fully offset gain, no federal taxes expected.
- Transaction recorded in fiscal Q4 2022; proceeds to support ongoing business.
- Company leases back facilities for up to 24 months while seeking a new location for western operations.
- Sale driven by increased west coast real estate value; company continues Southern California operations.

## SEC filing metadata
- accession: 0000866273-22-000035
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2022-06-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866273/000086627322000035/0000866273-22-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627322000035/mtrx-20220622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-22-000035
- JSON: https://secwatch.observer/filing/0000866273-22-000035.json
- Plain text: https://secwatch.observer/filing/0000866273-22-000035.txt

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