secwatch.observer — SEC 8-K summary
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Issuer:     MATRIX SERVICE CO (MTRX)
CIK:        0000866273
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0000866273-25-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matrix Service posts Q1 rev $211.9M (+28% YoY); net loss narrows to $(0.13)/share; reaffirms FY2026 guidance
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- Revenue $211.9M (+28% YoY); net loss per share $(0.13) vs $(0.33); adjusted net loss $(0.01) per share.
- Adjusted EBITDA $2.5M vs $(5.9)M; liquidity $248.9M with no outstanding debt.
- Storage & Terminal rev +40% to $109.5M; Utility & Power rev +33% to $74.5M, gross margin 9.1% (up from 2.3%).
- Backlog $1.2B; awards $187.8M (book-to-bill 0.9x); two projects ($197M) removed from backlog due to client changes.
- FY2026 revenue guidance reaffirmed $875-925M (14-20% growth); management sees continued margin improvement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866273/000086627325000098/0000866273-25-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866273/000086627325000098/mtrx-20251105.htm
  HTML page:      https://secwatch.observer/filing/0000866273-25-000098

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