earnings
confidence high
sentiment positive
materiality 0.70
Matrix Service Q2 revenue rises 12% YoY, net loss narrows to $0.03 EPS; reaffirms FY2026 guidance
MATRIX SERVICE CO
2026-Q2 EPS reported
-$0.16
revenue$422,392,000
- Revenue $210.5M (+12% YoY); net loss of $0.9M ($0.03 EPS) vs loss $5.5M ($0.20) prior year.
- Adjusted EBITDA $2.4M vs negative $2.2M; gross margin 6.2% improved from 5.8%.
- Backlog $1.1B; awards $176.6M; book-to-bill 0.8x; Storage segment book-to-bill 1.2x.
- Liquidity $257.6M with no debt; reaffirms FY2026 revenue guidance $875M-$925M (14-20% growth).
- Utility segment revenue up 23% to $75.4M; Storage margin hit by $3.6M commissioning costs.