secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0000866273-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627324000003/0000866273-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627324000003/mtrx-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000866273-24-000003

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