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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...