Matrix Service Q4 revenue rises on storage segment growth

Matrix Service

02/09/2026 21:13

Overview
Heavy industrial contractor's fiscal Q4 revenue rose 13% yr/yr to highest in six years
Company posts adjusted EPS at $0.16
Backlog at $953.2 mln, with $169 mln in new project awards including major mining project

Outlook
Company did not provide specific financial guidance for the upcoming quarter or year

Result Drivers
STORAGE SEGMENT GROWTH - Higher specialty storage activity drove increased revenue and gross margin in Storage and Terminal Solutions
UTILITY SEGMENT EXECUTION - Strong project execution led to improved gross margin in Utility and Power Infrastructure
COST STRUCTURE REDUCTION - Leaner organizational structure reduced fixed overhead costs, improving efficiency

Company press release: ID:nGNX1DZsYX

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$244.53 mln
$247.04 mln (2 Analysts)
Q4 Adjusted EPS
Beat
$0.16
$0.15 (1 Analyst)
Q4 EPS
 
$0.04
 
Q4 Adjusted Net Income
 
$4.60 mln
 
Q4 Adjusted EBITDA
Miss
$6.30 mln
$7.81 mln (2 Analysts)

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Matrix Service Co is $20.00, about 86.9% above its September 1 closing price of $10.70
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 24 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)