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Matrix Service Company (MTRX) investor relations material
Matrix Service Company Sidoti's Year End Virtual Investor Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Sidoti's Year End Virtual Investor Conference summary10 Dec, 2025
Business overview and market positioning
Provides end-to-end specialty engineering and construction services for energy and industrial markets, focusing on complex infrastructure projects for large, recurring clients in North America and internationally.
Positioned to benefit from multi-year spending cycles in LNG, NGL, data centers, advanced manufacturing, and utility infrastructure.
90% of revenue comes from recurring customers, with three main segments: Storage and Terminal Solutions (49%), Utility and Power Infrastructure (33%), and Process and Industrial Facilities (18%).
Fiscal 2025 revenue was just under $770 million, with guidance for $875–$925 million in fiscal 2026, supported by a $1.2 billion backlog.
Focused on high-growth, high-margin markets and building a quality backlog for multi-year revenue visibility.
Operational performance and financial highlights
Q1 revenue reached $211.9 million, a 28% increase year-over-year, driven by large new construction projects in key segments.
Gross margin improved to 6.7% from 4.7% last year, with direct gross project profit in the 10–12% target range.
Adjusted EBITDA turned positive at $2.5 million, compared to a $5.9 million loss a year ago.
Liquidity remains strong at $249 million, with no outstanding debt, despite a $32 million cash decrease due to project progression.
Restructuring costs of $3.3 million were incurred in Q1, with minimal further costs expected for the rest of fiscal 2026.
Backlog, pipeline, and growth strategy
Backlog stands at $1.2 billion, with over 90% of fiscal 2026 revenue already booked at the midpoint of guidance.
Opportunity pipeline totals $6.7 billion, with many projects expected to be bid and awarded in the next 12–18 months, supporting long-term revenue visibility.
Backlog margin profile has improved to above 10%, with a shift toward 70% fixed-price projects, up from 50% a few years ago.
Anticipates a re-acceleration in large project awards in late fiscal 2026 and into 2027.
Strategic focus on winning, executing, and delivering projects safely and profitably, with growth from both organic and inorganic investments.
Revenue threshold for consistent profitability
How does risk discipline impact backlog management?
What new markets will drive future revenue mix shift?
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Next Matrix Service Company earnings date
Q2 20265 Feb, 2026
Next Matrix Service Company earnings date
Q2 20265 Feb, 2026
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Frequently asked questions
Matrix Service Company operates in different industries including oil, gas, power and petrochemicals, industrial and commercial. Operating primarily in North America, the company offers a range of engineering, fabrication, infrastructure and construction services.
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