Matrix Service Returns to Profitability in Q4 Fiscal 2026

Earnings
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Matrix Service Co returned to profitability in the fourth quarter of fiscal 2026, reporting adjusted earnings per share of $0.16 versus a loss of $0.28 in the prior-year quarter, with revenue up 13% to $244.5 million. The Storage and Terminal Solutions segment drove growth with a 43% revenue increase to $137.4 million, while gross margin improved to 8% from 3.8%. The company ended the year with $223 million in cash, no debt, and total liquidity of $283.9 million, and is evaluating a stock buyback. However, total project awards in Q4 were only $169 million, resulting in a book-to-bill ratio of 0.7, and backlog of $953 million is expected to be 70-80% worked off in fiscal 2027. CEO Sean Payne noted that a FEED contract for the America First refinery tank farm is due by the end of fiscal Q2 2027, with a potential lump-sum award in late Q3 or early Q4 2027, which could help rebuild backlog. The company is not providing financial guidance due to the CFO transition.

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Energy Transition & Power Demand · 2 stocks
Matrix Service Co
MTRX
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Returned to profitability with adjusted EPS of $0.16 vs loss, revenue up 13%, and strong cash position.