secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2022-10-07T23:59:59+00:00
Accession:  0000866273-22-000101
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627322000101/0000866273-22-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627322000101/mtrx-20221005.htm
  HTML page:      https://secwatch.observer/filing/0000866273-22-000101

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