Matrix Service Company's SEC filings document operating results, governance matters and material events for an engineering and construction contractor serving energy and industrial markets. Its 8-K reports furnish quarterly and full-year financial results, non-GAAP reconciliations, liquidity, debt position, backlog, project awards and revenue guidance.
Proxy and annual-meeting filings describe board elections, director independence, committee structure, audit matters, executive compensation, shareholder voting results and risk oversight. Other current reports record executive departures, transition and separation arrangements, and leadership changes at the company and its Matrix NAC operating subsidiary.
Matrix Service Company president and CEO John R. Hewitt reported an open-market sale of 36,000 shares of common stock on May 8, 2026. The weighted average sale price was $12.5048 per share across multiple trades between $12.50 and $12.59. After this transaction, he directly holds 581,806 shares of Matrix Service common stock.
MTRX submitted a Form 144 notice indicating proposed sales of 36,000 shares of Common Stock with an aggregate value of $437,760.00. The filing lists 28,133,850 shares outstanding as of 05/08/2026. Several past equity awards and one open‑market purchase are itemized with individual share counts and dates.
Matrix Service Company returned to profitability in the quarter ended March 31, 2026, posting net income of $0.8 million versus a loss of $3.4 million a year earlier on revenue of $206.7 million, up 3%.
Gross margin improved to 8.3% from 6.4% as Storage and Terminal Solutions and Utility and Power Infrastructure delivered stronger project execution, partly offset by weaker Process and Industrial Facilities results. For the nine months, revenue rose to $629.1 million and the net loss narrowed to $3.7 million from $18.2 million.
The company recorded $3.0 million in quarterly restructuring and other costs, including CEO transition expenses and lease impairments, and $6.5 million year-to-date. Liquidity was strong, with $233.0 million in unrestricted cash and $64.2 million of undrawn availability under its ABL facility, for total liquidity of $297.2 million. Backlog stood at $1.03 billion, and remaining performance obligations were $932.9 million, supporting future revenue visibility.
Matrix Service Company reported fiscal 2026 third quarter revenue of $206.7 million and returned to profitability with net income of $0.8 million, or $0.03 per diluted share, compared with a loss a year ago.
Adjusted net income was $3.8 million and Adjusted EBITDA reached $4.9 million, reflecting stronger gross margins and lower SG&A. Liquidity was $297.2 million at March 31, 2026, including $233.0 million of cash and no outstanding debt. Backlog was $1.0 billion, supported by a project pipeline of more than $6.9 billion, though the quarterly book-to-bill ratio was 0.5x. The company updated fiscal 2026 revenue guidance to a range of $870 million to $890 million, still implying double‑digit growth over fiscal 2025.
Matrix Service Company is implementing leadership changes as part of broader organizational updates following the previously announced appointment of Shawn P. Payne as Chief Executive Officer, effective July 1, 2026. Vice President of Finance and Chief Financial Officer Kevin S. Cavanah will remain in his role through a transition period tied to the filing of the company’s Form 10-K for the fiscal year ending June 30, 2026 or earlier termination without cause. Under a transition and separation agreement, he will receive a lump sum cash payment of $771,000, 18 months of company-paid COBRA continuation coverage, accelerated vesting of his outstanding restricted stock units, and pro rata service credit on performance units that may vest based on actual performance. Chief Administrative Officer Nancy E. Austin will step down effective May 7, 2026 under a separate separation agreement, with a lump sum payment of $608,345, 18 months of company-paid COBRA coverage, vesting of 20,368 restricted stock units, and deemed satisfaction of service conditions on certain performance units. The company states that both separations are not due to disagreements with the company, and the Chief Administrative Officer role will be eliminated with responsibilities reassigned to other executives.
BlackRock, Inc. amended a Schedule 13G/A to report beneficial ownership of 1,920,729 shares of Matrix Service Company common stock, representing 6.8% of the class. The amendment (Amendment No. 3) was signed on 04/07/2026 and lists 1,895,011 shares as sole voting power and 1,920,729 as sole dispositive power.
Matrix Service Co files an amended Schedule 13G reporting that The Vanguard Group beneficial ownership is 0 shares. The amendment explains an internal realignment effective January 12, 2026, under SEC Release No. 34-39538, causing certain Vanguard subsidiaries/divisions to report separately.
The filing lists 0 shares beneficially owned and 0% of the class, and is signed by Ashley Grim on 03/27/2026.
Matrix Service Company VP and Chief Administrative Officer Nancy E. Austin sold 4,193 shares of common stock in an open-market transaction. The sale occurred at a weighted average price of $11.2915 per share, with individual trades ranging from $11.20 to $11.35. After this transaction, she directly holds 106,138 common shares.
Matrix Service Company reported higher sales but remained slightly unprofitable for the quarter ended December 31, 2025. Quarterly revenue rose to $210.5 million from $187.2 million, while net loss narrowed sharply to $0.9 million, or $(0.03) per share, from $5.5 million, or $(0.20).
For the first six months, revenue grew to $422.4 million from $352.7 million, and net loss improved to $4.6 million from $14.8 million, helped by a 12% reduction in selling, general and administrative costs. Gross margin improved to 6.5%, although a $3.6 million specialty tank warranty and commercial charge weighed on Storage and Terminal Solutions.
Backlog remained strong at $1.13 billion, with particularly solid awards in Storage and Terminal Solutions and Utility and Power Infrastructure. Liquidity was robust, with $199.0 million of cash and $58.6 million of availability under the asset-based credit facility, supporting ongoing restructuring and project execution.
Matrix Service Company filed a current report stating that on February 4, 2026 it issued a press release announcing its financial results for the fiscal 2026 second quarter. The press release is included as Exhibit 99, and the earnings information is being furnished rather than filed under securities laws.
Matrix Service Company filed a current report stating that on February 4, 2026 it issued a press release announcing its financial results for the fiscal 2026 second quarter. The press release is included as Exhibit 99, and the earnings information is being furnished rather than filed under securities laws.