secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000866273-23-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627323000065/0000866273-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627323000065/mtrx-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000866273-23-000065

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