Matrix Service Reports Q4 Earnings with Strong Revenue Growth and Return to Profitability
Matrix Service (MTRX) reported its highest quarterly revenue in six years, reaching $244.5 million for the fourth quarter of fiscal 2026—a 13% year-over-year increase driven by strong performance in the Storage and Terminal Solutions segment. Non-GAAP adjusted earnings per share improved to $0.16 from a loss of $0.28 in the prior year, marking a return to profitability for the second consecutive quarter. The company’s total backlog stood at $953.2 million as of June 30, with new project awards adding $169.0 million during Q4. Management highlighted improved gross margins and cost reductions from strategic realignment efforts that reduced SG&A expenses to 6.9% of revenue compared to 8.1% in the prior year period. Despite these gains, CFO Kevin Cavanah warned about potential cash outflows in fiscal 2027’s first half due to project execution needs. The company remains debt-free and is focusing on growth opportunities such as data center infrastructure and critical minerals processing.
Tickers: $MTRX
Topics: backlog book_to_bill_ratio liquidity non-gaap_eps revenue storage_and_terminal_solutions utility_power_infrastructure