---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-22-000101"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2022-10-07T23:59:59+00:00"
generated_at: "2026-06-23T04:50:10.777572+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Matrix Service Q4 revenue $200.7M, GAAP EPS $0.50, adjusted loss $0.52

## Summary
- Q4 revenue $200.7M (+13% QoQ); full-year revenue $707.8M; net income $13.5M included $32.4M gain on facility sale.
- Adjusted net loss $13.8M ($0.52/share) on low gross margins; valuation allowance on deferred tax assets.
- Backlog $589.5M (+27% vs. start of FY), project awards $196M (book-to-bill 1.0 Q4, 1.2 FY).
- Credit agreement amended: borrowing capacity cut to $90M, waiver for late FY2022 audited financial statements extended to Oct 14.
- Liquidity $94.8M ($52.4M cash, $42.5M ABL availability); $15M drawn on ABL facility.

## SEC filing metadata
- accession: 0000866273-22-000101
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2022-10-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866273/000086627322000101/0000866273-22-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627322000101/mtrx-20221005.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-22-000101
- JSON: https://secwatch.observer/filing/0000866273-22-000101.json
- Plain text: https://secwatch.observer/filing/0000866273-22-000101.txt

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