Matrix Service Reports Improved Q4 Earnings and Full-Year Results
Matrix Service (NASDAQ:MTRX) reported improved fourth-quarter fiscal 2026 results with a return to profitability. Revenue rose by 13% year-over-year to $244.5 million, gross margin expanded significantly from 3.8% to 8.0%, and adjusted EPS turned positive at $0.16 compared to an adjusted loss of $0.28 in the prior year. The company's full fiscal year revenue increased by 14%, with SG&A expenses declining by $7.6 million, contributing to better profitability. Segment performance was mixed: Storage and Terminal Operations saw a significant improvement (revenue up 43% and positive gross margin), while Process and Industrial Facilities experienced weaker results due to lower refinery work. Matrix Service ended the year with strong financials including $953 million in backlog, $283.9 million in liquidity, and over $7 billion in a project pipeline focused on LNG, mining, and data-center power infrastructure. The company plans to use cash for growth but will not provide fiscal 2027 guidance as it searches for a new CFO.
Tickers: $MTRX
Topics: gross_margin_improvement profitability revenue_growth