secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000866273-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627323000005/0000866273-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627323000005/mtrx-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000866273-23-000005

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