Headquartered in Houston, TX Fiscal year ends June NASDAQ: MTRX matrixservicecompany.com
Matrix Service Company (Nasdaq: MTRX) is a heavy industrial contractor that engineers, constructs, and maintains critical infrastructure for energy, power, and industrial clients. It reports in three segments.
- **Storage and Terminal Solutions:** Specialty tanks such as LNG and NGL storage, terminals, associated balance of plant, and tank farm engineering, including front-end engineering and design for the America First Refining facility's storage tank farm.
- **Utility and Power Infrastructure:** Natural gas peak shaving facilities, power generation including projects supporting data center infrastructure, and electrical substations.
- **Process and Industrial Facilities:** Mining and minerals and other industrial process work.
The company operates offices across the United States and Canada, as well as in Sydney, Australia and Seoul, South Korea. It works under fixed-price, cost-plus, and time-and-material contracts, and its revenue visibility comes from a multi-hundred-million-dollar backlog. It is debt-free and has a $90 million ABL facility maturing in September 2029. Updated
Third straight profitable quarter for a company that lost money all through fiscal 2025, with the board adding a $25 million buyback against a $258 million market cap. Revenue missed expectations, and the real watchpoint is bookings: a 0.6x book-to-bill pulled backlog down to $872.6 million.
Matrix Service Company (Nasdaq: MTRX) is a heavy industrial contractor that engineers, constructs, and maintains critical infrastructure for energy, power, and industrial clients.
The Wall Street consensus 12-month price target for MTRX is $16.00.