{"schema_version":"secwatch.filing_event.v1","accession":"0000866273-24-000003","form_type":"8-K","ticker":"MTRX","cik":"0000866273","company_name":"MATRIX SERVICE CO","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.084612+00:00","generated_at":"2026-06-06T07:32:02.196268+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Matrix Service Q2 revenue $175M, backlog hits record $1.45B, liquidity $106.3M","bullets":["Revenue $175.0M; backlog $1.45B (record); book-to-bill 1.3.","Adjusted EBITDA $0.3M; direct gross margins returned to double-digit levels.","Liquidity $106.3M; all outstanding borrowings under credit facility repaid.","Storage & Terminals segment revenue $62.4M; gross margin 2.9% due to overhead under-recovery.","CEO expects financial performance to increase significantly over coming quarters; under-recovery expected to resolve by Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0000866273-24-000003","json":"https://secwatch.observer/filing/0000866273-24-000003.json","markdown":"https://secwatch.observer/filing/0000866273-24-000003.md","text":"https://secwatch.observer/filing/0000866273-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866273/000086627324000003/0000866273-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866273/000086627324000003/mtrx-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T07:32:02.196268+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a793fefcc5f5e872d7798dd1c142e83f535fe7aa","claim":"MATRIX SERVICE CO reported the second quarter of fiscal 2024 results: revenue $175.0 million.","evidence_excerpt":"increased to $1.45 billion, the highest level in the company's history; project awards in the quarter of $230.8 million resulted in a book-to-bill ratio of 1.3. • Revenue of $175.0 million in the second quarter of fiscal 2024. • Direct gross margins have returned to historical double-digit levels in the first half of fiscal 2024; impact of under-recovery is","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866273/000086627324000003/0000866273-24-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of fiscal 2024"},{"label":"Revenue","value":"$175.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}