Matrix Service Q1 loss per share $0.12; awards $497M, backlog $1.4B

MATRIX SERVICE CO

2024-Q1 EPS reported -$0.12 revenue$197,659,000

Revenue $197.7M, gross margin 6.0%; adjusted EBITDA loss $0.7M.
Project awards $497.4M (highest in 5 years); book-to-bill 2.5; backlog up 126% to $1.4B.
GAAP loss per share $0.12; adjusted loss per share $0.21.
Expects revenue improvement in H2 as recent awards progress from engineering to execution.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MATRIX SERVICE CO reported first quarter of fiscal 2024 results: revenue $197.7 million, EPS loss per share of $0.12.

Period: first quarter of fiscal 2024
Revenue: $197.7 million
EPS: loss per share of $0.12
Result: reported results

Exact text from the filing

in a book-to-bill ratio of 2.5. • Backlog increased by 126% to $1.4 billion compared to the same period a year ago; highest backlog level since June 30, 2015. • Revenue of $197.7 million in the first quarter of fiscal 2024 compared to $205.9 million in the fourth quarter of fiscal 2023. Revenue is expected to improve in the second half of the fiscal year as a

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Source: SEC EDGAR

accession 0000866273-23-000065

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