secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000866273-24-000112
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matrix Service Q1 net loss $(0.33)/share; revenue $165.6M; reaffirms FY25 guidance $900-950M
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- Net loss per share $(0.33) (adjusted $(0.33)) vs $(0.12) GAAP and $(0.21) adjusted in prior year.
- Revenue $165.6M; adjusted EBITDA $(5.9)M vs $(0.9)M a year ago.
- Backlog $1.4B; Q1 awards $148M with book-to-bill 0.9x; FY25 revenue guidance reaffirmed $900-950M.
- UPI segment revenue grew >70% YoY; PIF revenue declined due to completion of large renewable diesel project.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627324000112/0000866273-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627324000112/mtrx-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000866273-24-000112

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