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Jun 30, 2022
Matrix Service Q4 2022 Earnings Report
Reported an increase in revenue and project awards, reflecting growing momentum despite challenges.
Key Takeaways
Matrix Service Company reported a 13% increase in fourth-quarter revenue to $200.7 million, with project awards of $196.0 million, resulting in a book-to-bill ratio of 1.0. The company's backlog increased by 27% since the start of the fiscal year. Earnings per share were $0.50, while the adjusted loss per share was $0.52, excluding a gain on the sale of facilities and other non-cash items. Liquidity stood at $94.8 million as of June 30, 2022.
Fourth quarter revenue increased 13% to $200.7 million.
Project awards totaled $196.0 million, resulting in a book-to-bill ratio of 1.0.
Backlog increased 27% since the start of the fiscal year, reaching $589.5 million.
Earnings per fully diluted share were $0.50, with an adjusted loss per share of $0.52 excluding certain gains.
Matrix Service
Matrix Service
Forward Guidance
Matrix Service Company believes it is near an inflection point, expecting to benefit from its competitive strengths and business transformation to capitalize on significant opportunities ahead.