---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-23-000065"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T12:20:59.506864+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000866273-23-000065
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866273/000086627323000065/0000866273-23-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627323000065/mtrx-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-23-000065
- JSON: https://secwatch.observer/filing/0000866273-23-000065.json
- Plain text: https://secwatch.observer/filing/0000866273-23-000065.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/866273/000086627323000065/0000866273-23-000065-index.htm

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