---
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"
generated_at: "2026-06-06T07:32:02.196268+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Matrix Service Q2 revenue $175M, backlog hits record $1.45B, liquidity $106.3M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-24-000003
- JSON: https://secwatch.observer/filing/0000866273-24-000003.json
- Plain text: https://secwatch.observer/filing/0000866273-24-000003.txt

## Key facts
- Earnings Releases
  MATRIX SERVICE CO reported the second quarter of fiscal 2024 results: revenue $175.0 million.
  - Period: the second quarter of fiscal 2024
  - Revenue: $175.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/866273/000086627324000003/0000866273-24-000003-index.htm

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