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Jun 30, 2024
Matrix Service Q4 2024 Earnings Report
Matrix Service's Q4 2024 results were announced, featuring revenue of $189.5 million and a net loss per share of $(0.16).
Key Takeaways
Matrix Service Company reported Q4 2024 results with revenue of $189.5 million. The company's backlog reached $1.4 billion, a 31% increase year-over-year. The net loss per share was $(0.16), and adjusted EBITDA was $0.2 million. The company issued FY2025 revenue guidance between $900 and $950 million.
Total backlog reached $1.4 billion, a 31% increase year-over-year.
Total project awards in the quarter were $175.9 million, resulting in a book-to-bill ratio of 0.9x.
Revenue was reported as $189.5 million.
Net loss per share was $(0.16), and adjusted net loss per share was $(0.14).
Revenue by Segment
Forward Guidance
The Company provided full-year revenue guidance that reflects the strength of the business and their expectations for growth with revenue expected to be between $900 million and $950 million.
Positive Outlook
- Revenue is expected to increase in fiscal 2025 as the current backlog converts to revenue.
- Revenue in Storage and Terminal Solutions segment is expected to increase as the level of work increases on specialty vessel and related facility projects currently in backlog.
- Revenue in the Utility and Power Infrastructure segment is expected to increase as the level of work accelerates on LNG peak shaving projects currently in backlog.
Challenges Ahead
- Revenue in the Process and Industrial Facilities segment is expected to decrease on a year over year basis as existing projects near completion and the company awaits the start of new projects both in backlog and in their opportunity pipeline.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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