Matrix Service Co (NAS:MTRX)

Q3 2025 Matrix Service Co Earnings Call Transcript

May 8, 2025 / 02:30 PM GMT

Release Date Price: $13.65 (+11.34%)

Transcript 10-Q8-K

Key Points

Positve

Matrix Service Co (MTRX) reported a 21% increase in revenue for the third quarter, reaching $200.2 million compared to $166 million in the same period last year.
The company achieved the highest quarterly revenues in two years, driven by increased project activity.
Backlog grew by nearly 8% sequentially to over $1.4 billion, with a book-to-bill ratio of 1.5.
The Storage and Terminal Solutions segment saw a 77% increase in revenue, driven by an increased volume of work for specialty vessel projects.
Matrix Service Co (MTRX) has a strong liquidity position with $247.1 million available, including $185.5 million of uninsured cash.

Negative

Matrix Service Co (MTRX) revised its fiscal 2025 revenue guidance down by 10% to $770 to $800 million due to exiting the transmission and distribution business.
The company reported a net loss of $3.4 million or $0.12 per share for the third quarter.
The Storage and Thermal Solutions segment's gross margin was negatively impacted by lower than anticipated labor productivity on a crude terminal project.
The Process and Industrial Facilities segment experienced a decrease in revenue due to the completion of a large renewable diesel project.
Macroeconomic uncertainties, including evolving US trade and environmental policies, have led to some clients delaying final investment decisions, impacting project starts.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MTRX.OQ - Matrix Service Co
Q3 2025 Matrix Service Co Earnings Call
May 08, 2025 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Matrix Service Company conference call to discuss results for the 3rd quarter of fiscal 2025.

Currently all participants are in a listen-only mode. Later we will conduct a question and answer session, and instructions will be given at that time.

As a reminder, this conference call is being recorded. I would now like to turn the conference over to today's host, Ms. Kelly Smythe, senior director of investor relations for Matrix Service Company. Please go ahead.

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Unidentified_2 [2]
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Thank you, Dei. Good morning

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