Matrix Service Co (STU:MX2)

Q4 2026 Matrix Service Co Earnings Call Transcript

Sep 3, 2026 / 02:30 PM GMT

Release Date Price: €9 (-4.26%)

Transcript 10-K8-K

Key Points

Positve

Matrix Service Co (MTRX) returned to profitability in Q4 fiscal 2026, with adjusted EPS of $0.16 versus a loss of $0.28 in the prior year quarter.
Revenue grew 13% year-over-year to $244.5 million in Q4, driven by a 43% increase in the Storage and Terminal Solutions segment.
Gross margin improved significantly to 8% in Q4, up from 3.8% in the prior year, reflecting better project execution and resolution of legacy issues.
SG&A expenses decreased 11% year-over-year, and as a percentage of revenue improved to 6.9% from 8.1%, demonstrating cost discipline.
The company has a strong balance sheet with $223 million in cash, no debt, and $283.9 million in total liquidity, supporting future growth and a potential stock buyback.
Backlog of $953 million and a $7 billion opportunity pipeline, including a significant FEED contract for the America First refinery, position the company for future growth.

Negative

Total project awards in Q4 were only $169 million, resulting in a book-to-bill ratio of 0.7, indicating weaker order intake.
The Process and Industrial Facilities segment saw revenue decline to $33.6 million from $47.3 million, with gross margin dropping to 2.9% from 5.9%.
The company incurred $3.4 million in restructuring costs in Q4, and while future charges are expected to be minimal, they still impact profitability.
Backlog is expected to be worked down significantly in fiscal 2027, with 70-80% to be completed, requiring strong new awards to sustain revenue in the latter half of the year.
The company is not providing financial guidance due to the CFO transition, creating uncertainty for investors.
The Storage and Terminal Solutions segment's gross margin of 6.4% remains below the company's target of double-digit margins, indicating ongoing execution challenges.

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

MTRX.OQ - Matrix Service Co
Q4 2026 Matrix Service Co Earnings Call
Sep 03, 2026 / 02:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
No.

Good morning and welcome to the Matrix Service Company conference call to discuss the results for the fourth quarter of fiscal '26.

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, when I turn the conference over to Mr.

Patrick Roberts, director of corporate development, investor relations for Matrix Service Company.

Please go ahead.

Welcome to Matrix Service Company's 4th quarter fiscal 2026 earnings call.

Participants on today's call include Chief Executive Officer Sean Payne.

And Chief

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.