---
schema_version: "secwatch.filing_event.v1"
accession: "0000866273-24-000023"
form_type: "8-K"
ticker: "MTRX"
cik: "0000866273"
company_name: "MATRIX SERVICE CO"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:54:23.293811+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Matrix Service Q3 revenue down 11% YoY to $166M; backlog hits record $1.45B

## Summary
- Net loss per share ($0.53); adjusted EBITDA negative ($9.8M) vs ($7.7M) prior year.
- Revenue $166M, -11% YoY; project awards $186.8M, book-to-bill 1.1x.
- Backlog $1.45B, +74% YoY, highest in 40-year history.
- Cash flow from operations $25M (+25% YoY); cash and credit availability $135M, no debt.
- CEO expects improved activity in Q4; bidding strong across storage, utility, and power markets.

## SEC filing metadata
- accession: 0000866273-24-000023
- form_type: 8-K
- ticker: MTRX
- cik: 0000866273
- company_name: MATRIX SERVICE CO
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/866273/000086627324000023/0000866273-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866273/000086627324000023/mtrx-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866273-24-000023
- JSON: https://secwatch.observer/filing/0000866273-24-000023.json
- Plain text: https://secwatch.observer/filing/0000866273-24-000023.txt

## Key facts
- Earnings Releases
  MATRIX SERVICE CO reported the third quarter fiscal 2024 ended March 31, 2024 results: revenue $166.0 million, EPS ($0.53).
  - Period: the third quarter fiscal 2024 ended March 31, 2024
  - Revenue: $166.0 million
  - EPS: ($0.53)
  - Result: reported results
  source text: +74% on a year-over-year basis, the highest level in 40-year company history • Total project awards of $186.8 million, resulting in a book-to-bill ratio of 1.1x • Revenue of $166.0 million, a decline of 11% on a year-over-year basis • Adjusted EBITDA of ($9.8) million (1) versus ($7.7) million in the prior-year period • Net loss per share of ($0.53) • Cash flow
  evidence_url: https://www.sec.gov/Archives/edgar/data/866273/000086627324000023/0000866273-24-000023-index.htm

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