Matrix Service Company (MTRX)

In Q4 Fiscal Year 2025, Matrix Service Co. reported revenue of $216.4 million, an EPS loss of ($0.40), and an adjusted EBITDA loss of ($4.8 million), which were affected by legacy project issues, labor productivity challenges, an unfavorable court ruling, and restructuring costs, but issued fiscal year 2026 revenue guidance forecasting between $875 million and $925 million. In Q1 Fiscal Year 2026, the company reported revenue of $211.9 million, beating expectations, but missed EPS forecasts with a loss of -$0.01 per share, triggering a stock price drop. Douglas J. Montalbano resigned as President of Matrix NAC on January 7, 2026.

Matrix Service Co.'s operating results reflect inherent seasonality, particularly within its Process and Industrial Facilities segment, where many plant outages and turnarounds are typically scheduled during the spring and fall months when energy demand is lower. Seasonality is also influenced by general energy demand levels and extreme weather conditions.

Matrix Service Co. operates in the Industrials sector, specifically in Engineering & Construction and Oil & Gas - Mechanical and Equipment. The company provides Storage and Terminal Solutions, including EPC services for cryogenic and specialty tanks and terminals, aboveground crude oil and refined product storage tanks, and engineered specialty tank products. It also offers Utility and Power Infrastructure services, such as power delivery construction and upgrades, EPC services for LNG utility peak shaving facilities, and construction services for power generation facilities. Additionally, the company provides Process and Industrial Facilities services, including plant maintenance, repair, and turnarounds for refining and processing, EPC for refinery upgrades, and construction for various industries.

Matrix Service Co. operates in the United States, Canada, and internationally. The company's corporate office is in Tulsa, Oklahoma, and it has over 20 locations globally, including fabrication facilities and branch offices across the United States and Canada, as well as offices in Sydney, Australia, and Seoul, South Korea.

Matrix Service Company has focused on strengthening its operational excellence and financial performance, while also advancing its sustainability initiatives. The company released its Fiscal 2024 Sustainability Report in September 2024, highlighting its commitment to ESG practices. Matrix Service Co. has been recognized for its board diversification, is an active signatory to CEO Action for Diversity and Inclusion, and has been certified as a "Great Place to Work®."

Institutional shareholders hold approximately 76.60% to 84.91% of Matrix Service Co.'s stock, insiders own around 5.66% to 43.46%, and retail investors hold approximately 0.00% to 17.74%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Needham Investment Management LLC. Tontine Capital Partners L P is the largest individual shareholder, owning 6.61 million shares, and Jeffrey L. Et Al Gendell is a significant insider owner.