Matrix Service Q2 net loss $32.8M ($1.22/sh); revenue $193.8M (+20%); project charge $9.6M, goodwill impairment $12.3M

MATRIX SERVICE CO

2023-Q2 EPS reported -$1.46 revenue$402,271,000

Net loss of $32.8M, or $1.22 per share; adjusted net loss $14.4M ($0.53/sh).
Revenue $193.8M (+20% YoY); gross margin negative 0.7% due to $9.6M legacy project charge.
Goodwill impairment of $12.3M in Process and Industrial Facilities segment related to the same project.
Project awards $318.7M (book-to-bill 1.6); backlog up 25% to $740.5M.
Liquidity $80.5M; expects improvement from tax refunds and new awards.

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 0.9

MATRIX SERVICE CO reported the second quarter of fiscal 2023 results: revenue $193.8 million, EPS loss per share of $1.22.

Period: the second quarter of fiscal 2023
Revenue: $193.8 million
EPS: loss per share of $1.22
Result: reported results

Exact text from the filing

to the energy and industrial markets across North America, today reported financial results for its second quarter of fiscal 2023. Key highlights: • Second quarter revenue of $193.8 million, an increase of 20% compared to the second quarter of fiscal 2022 • Project awards in the quarter of $318.7 million, the highest level since the first quarter of fiscal 2020 •

View on SEC.gov

Browse all earnings releases →

MATRIX SERVICE CO filing history →

Source: SEC EDGAR

accession 0000866273-23-000005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.