Aboveground Storage Tanks ӣֱEngineering Procurement & Construction

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Press Releases

MATRIX SERVICE COMPANY ANNOUNCES RECEIPT OF $464 MILLION OF AWARDS IN FISCAL FOURTH QUARTER AND ENDING BACKLOG OF $1.1B

TULSA, Okla., Aug. 21, 2023 (GLOBE NEWSWIRE) --ӣֱCompany(Nasdaq: MTRX), a leading provider of engineering and construction services to the energy and industrial markets, announced today that it has received fiscal fourth quarter awards of $464 million, resulting in $1.1 billion in backlog as of June 30, 2023, the largest backlog since June 30, 2018. Total awards in fiscal 2023 of over $1.3 billion were also the highest annual total in five years.

ENTERPRISE PRODUCTS AWARDS MATRIX SERVICE EPC FOR A SECOND ETHANE STORAGE TANK ALONG THE TEXAS GULF COAST

TULSA, Okla.,March 29, 2023(GLOBE NEWSWIRE) --ӣֱCompany(Nasdaq: MTRX) announced today its subsidiary,ӣֱ Service, has been awarded the greenfield engineering, procurement, and construction of a second 600,000-barrel cryogenic ethane storage tank for a subsidiary of Enterprise Products Partners L.P. along theTexas Gulf Coast. The project, which was taken into ӣֱ’s backlog in the second quarter of Fiscal 2023, supports a continued demand for ethane in the global marketplace. Engineering for the storage tank will be completed byӣֱ PDM Engineering.

MATRIX SERVICE COMPANY REPORTS SECOND QUARTER FISCAL 2023 RESULTS

TULSA, Okla.,Feb. 09, 2023(GLOBE NEWSWIRE) --ӣֱCompany(Nasdaq: MTRX), a leading contractor to the energy and industrial markets acrossNorth America, today reported financial results for its second quarter of fiscal 2023.

Key highlights:

  • Second quarter revenue of$193.8 million, an increase of 20% compared to the second quarter of fiscal 2022
  • Project awards in the quarter of$318.7 million, the highest level since the first quarter of fiscal 2020
  • Project awards produced a book-to-bill of 1.6 for the quarter and above 1.3 in each of our reporting segments reflecting accelerating activity across our end markets
  • Backlog increased by 25% to$740.5 millioncompared to the second quarter of fiscal 2022
  • Second quarter results were negatively impacted by$9.6 millionadjustment on a legacy project and a related goodwill impairment charge of$12.3 million, resulting in an aggregate negative impact of$0.82per share
  • Loss per share of$1.22; adjusted loss per share of$0.53(1)
  • Adjusted EBITDA loss of$(13.1) million(1)for the second quarter of fiscal 2023

MATRIX SERVICE COMPANY UPDATES TIMING FOR RELEASE OF FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2023

TULSA, OK – February 7, 2023 – ӣֱCompany (Nasdaq: MTRX) previously announced release of results for the second quarter of Fiscal 2023 after market on Tuesday, February 7, 2023, followed by a conference call Wednesday, February 8, 2023. The Company now intends to release results for the second quarter of Fiscal 2023 before market on Thursday, February 9, 2023. The release will be followed by a conference call at 10:30 a.m. Eastern time/9:30 a.m. Central time on Thursday, February 9, 2023.

Enterprise Products Awards ӣֱEPC for Ethane Storage Tank Along the Texas Gulf Coast

TULSA, Okla., Feb. 01, 2023 (GLOBE NEWSWIRE) -- ӣֱCompany (Nasdaq: MTRX) announced today its subsidiary, ӣֱ Service, has been awarded the greenfield engineering, procurement, and construction of a 600,000 barrel cryogenic ethane storage tank for Enterprise Products along the Texas Gulf Coast. The project, which was taken into ӣֱ’s backlog in the first quarter of Fiscal 2023, supports a continued demand for ethane in the global marketplace. Engineering for the storage tank will be completed by ӣֱ PDM Engineering.    

MATRIX SERVICE COMPANY SETS DATE FOR RELEASE OF FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2023

TULSA, OK – January 24, 2023 – ӣֱCompany (Nasdaq: MTRX) will announce results for the second quarter of Fiscal 2023 after market on Tuesday, February 7, 2023. The release will be followed by a conference call on Wednesday, February 8, 2023, at 10:30 a.m. Eastern time/9:30 a.m. Central time.