Matrix Service Q4 net loss narrows to $0.01/share; backlog rises 85% to $1.1B

MATRIX SERVICE CO

Q4 revenue $205.9M (+10% vs Q3); full-year revenue $795.0M.
Q4 net loss $0.3M ($0.01/share); adjusted net loss $3.1M ($0.11/share).
Q4 project awards $463.6M (book-to-bill 2.3); FY awards $1.3B (1.7).
Backlog $1.1B at June 30, up 85% YoY and 31% sequentially.
Utility & Power Infrastructure Q4 awards $360.7M, book-to-bill 9.2.

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 fourth quarter and year ended June 30, 2023 results: revenue $205.9 million, net income net loss of $0.3 million, or $0.01 per share, EPS $0.01 per share.

Period: fourth quarter and year ended June 30, 2023
Revenue: $205.9 million
Net income: net loss of $0.3 million, or $0.01 per share
EPS: $0.01 per share
Result: reported results

Exact text from the filing

$1.1 billion compared to the third quarter of fiscal 2023, and by 85% since the start of the fiscal year; highest backlog level since June 30, 2019 • Fourth quarter revenue of $205.9 million, an increase of 10% compared to the third quarter of fiscal 2023; full fiscal year revenue of $795.0 million • Loss per fully diluted share of $0.01 in the fourth quarter;

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Source: SEC EDGAR

accession 0000866273-23-000054

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