Loading...
Matrix Service Q3 2025 Earnings Report
Matrix Service Company reported its third quarter fiscal year 2025 results, showing increased revenue and a return to profitability.
Key Takeaways
Matrix Service Company reported a significant increase in revenue for the third quarter of fiscal 2025, reaching $200.2 million, up 21% year-over-year. The company achieved break-even Adjusted EBITDA and reduced its net loss per share, driven by strong project execution and backlog growth.
Total backlog increased by 7.7% from the previous quarter to $1.4 billion.
Total project awards for the quarter were $301.2 million, resulting in a book-to-bill ratio of 1.5x.
Revenue grew by 21% year-over-year to $200.2 million.
Net loss per share improved significantly to $(0.12) from $(0.53) in the prior year quarter.
Matrix Service
Matrix Service
Matrix Service Revenue by Segment
Revenue by Segment
Storage and Terminal Solutions Revenue
CapyFin.comUtility and Power Infrastructure Revenue
CapyFin.comProcess and Industrial Facilities Revenue
CapyFin.com Forward Guidance
Matrix Service Company updated its fiscal year 2025 revenue guidance to $770 million - $800 million, down from the previous guidance of $850 million - $900 million, due to macroeconomic uncertainties affecting project timing.
Positive Outlook
- Company is well positioned to achieve a book-to-bill of at or near 1.0x for the fiscal year.
- Record level backlog and $7 billion project pipeline provide confidence in continued top-line growth.
- Clients are open on their intention to advance projects under a favorable regulatory environment.
- Company is on track to return to profitability.
- Focus on executing growing backlog with emphasis on quality, safety, and operational excellence.
Challenges Ahead
- Heightened macroeconomic uncertainty may affect the timing of customer decisions.
- Delaying final investment decisions as clients assess evolving impact of U.S. trade and environmental policy.
- Normal project timing movement impacting revenue recognition.
- Exit of a small non-core service line contributed to revenue guidance reduction.
- Fiscal year revenue guidance reduced by 10 percent from previous guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income