Matrix Service Q1 revenue $208.4M (+24% YoY), loss per share $0.24, backlog $615.7M with book-to-bill 1.1

MATRIX SERVICE CO

2023-Q1 EPS reported -$0.24 revenue$208,431,000

Revenue $208.4M, up 24% YoY and 4% QoQ; gross margin improved to 6.2% from 0.4% prior quarter.
GAAP net loss $6.5M ($0.24/sh); adjusted net loss $4.2M ($0.15/sh); adjusted EBITDA $0.8M vs -$12.0M prior Q.
Project awards $234.6M in Q1, backlog $615.7M; subsequent awards >$150M in October.
Storage and Terminals segment book-to-bill 1.7, led by large specialty vessel award.
Liquidity $56.6M, debt $15M; expects liquidity to improve through fiscal 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MATRIX SERVICE CO reported the first quarter of fiscal 2023 results: revenue $208.4 million, net income net loss of $6.5 million, EPS $0.24 per share.

Period: the first quarter of fiscal 2023
Revenue: $208.4 million
Net income: net loss of $6.5 million
EPS: $0.24 per share
Result: reported results

Exact text from the filing

to the energy and industrial markets across North America, today reported financial results for its first quarter of fiscal 2023. Key highlights: • First quarter revenue of $208.4 million, an increase of 24% compared to the first quarter of fiscal 2022 and a 4% increase compared to the fourth quarter of fiscal 2022 • Project awards in the quarter of $234.6

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Source: SEC EDGAR

accession 0000866273-22-000113

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