Matrix Service Q1 revenue beats expectations on higher volumes

Matrix Service Co

05/11/2025 21:30

Overview

Matrix Service fiscal Q1 revenue grows 28% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q1 misses analyst expectations

Company reaffirms full-year revenue guidance of $875 mln to $925 mln

Outlook

Company reaffirms full-year revenue guidance of $875 mln to $925 mln

Company expects steady near-term award momentum

Result Drivers

REVENUE GROWTH - Higher volumes in Storage & Terminal Solutions and Utility & Power Infrastructure segments drove a 28% increase in revenue

MARGIN IMPROVEMENT - Improved gross margins due to strong project execution and increased revenue volumes in Utility & Power Infrastructure

SG&A REDUCTION - Decrease in SG&A expenses due to cost reductions from organizational realignment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$211.90 mln
$206.66 mln (2 Analysts)
Q1 Adjusted EPS
Miss
-$0.01
$0.02 (2 Analysts)
Q1 EPS
-$0.13
Q1 Adjusted Net Income
Miss
-$300,000
$1.99 mln (1 Analyst)
Q1 Adjusted EBITDA
Beat
$2.50 mln
$2.44 mln (2 Analysts)
Q1 Gross Margin
10.00%


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 $16.50, about 7.5% above its November 4 closing price of $15.27

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nGNX2xc32S

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(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.)