secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0000866273-25-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matrix Service posts Q2 net loss per share $(0.20); lowers FY25 revenue guidance by ~5%
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- Revenue $187.2M (+7% YoY); net loss $(0.20) per share vs $(0.10); adjusted loss $(0.20) vs $(0.18).
- Adjusted EBITDA negative $(2.2)M vs $0.1M; backlog $1.3B; book-to-bill 0.5x on $90.5M awards.
- Cash from operations $33.6M; liquidity $211.7M with no debt outstanding.
- FY25 revenue guidance cut ~5% due to permitting delays and pre-election uncertainty; ~$50M pushed to FY26.
- Expects H2 FY25 return to profitability with >40% YoY revenue growth and book-to-bill ≥1.0x for full year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627325000013/0000866273-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627325000013/mtrx-20250205.htm
  HTML page:      https://secwatch.observer/filing/0000866273-25-000013

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