---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-23-000005"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:13:50.482239+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000866273-23-000005
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866273/000086627323000005/0000866273-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627323000005/mtrx-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-23-000005
- JSON: https://secwatch.observer/filing/0000866273-23-000005.json
- Plain text: https://secwatch.observer/filing/0000866273-23-000005.txt

## Key facts
- Earnings Releases
  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
  source text: 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 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/866273/000086627323000005/0000866273-23-000005-index.htm

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