Matrix Service reaffirms FY revenue outlook
Overview
Engineering services firm's fiscal Q2 revenue increased 12% yr/yr
Adjusted EBITDA for fiscal Q2 improved
Company reaffirms full-year revenue guidance of $875 mln to $925 mln
Outlook
Matrix Service reaffirms fiscal 2026 revenue guidance of $875 mln to $925 mln
Company expects improving profitability in second half of fiscal 2026
Matrix Service sees strong long-term demand in energy and industrial markets
Result Drivers
STORAGE SEGMENT COSTS - Specialty vessel work in Storage and Terminal Solutions segment incurred $3.6 mln in costs, impacting gross margin
UTILITY SEGMENT GROWTH - Utility and Power Infrastructure segment revenue rose 23% due to higher volumes in power delivery and natural gas projects
STRATEGIC PROJECT AWARDS - Company secured strategic project awards in LNG, power generation, and electrical infrastructure, supporting backlog
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $210.50 mln | $215.42 mln (2 Analysts) |
Q2 Adjusted EPS |
| -$0.02 | $0.03 (2 Analysts) |
Q2 EPS |
| -$0.03 |
|
Q2 Adjusted Net Income |
| -$700,000 | $1.04 mln (1 Analyst) |
Q2 Adjusted EBITDA |
| $2.40 mln | $2.85 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 $16.50, about 15.2% above its February 3 closing price of $14.32
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago
Press Release: ID:nGNX22c8Bm
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
Related Articles
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Will TRON Reach $10? TRX Price Prediction 2026 and Canary Staked ETF Update
Explore TRON's 2026 outlook: Will TRX reach $10? Get the latest on the Canary Staked ETF SEC status, Justin Sun's strategy, and TRX price predictions through 2032.
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
