secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000866273-24-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627324000023/0000866273-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627324000023/mtrx-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000866273-24-000023

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