secwatch.observer — SEC 8-K summary
======================================

Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000866273-22-000113
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627322000113/0000866273-22-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627322000113/mtrx-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000866273-22-000113

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer