Trade Matrix Service Co - MTRX CFD

Matrix Company profile

About Matrix Service Co

Matrix Service Company, through its subsidiaries, is an industrial engineering and construction contractor operates in North America. The Company operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. Its Utility and Power Infrastructure segment consists of power delivery services provided to investor-owned utilities, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, upgrades and maintenance, as well as emergency and storm restoration services. Process and Industrial Facilities segment primarily serves customers in the downstream and midstream petroleum industries who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids. Storage and Terminal Solutions segment consists of work related to aboveground storage tanks and terminals.

Financial summary

BRIEF: For the six months ended 31 December 2021, Matrix Service Co revenues decreased 6% to $330.1M. Net loss increased from $7.6M to $42.5M. Revenues reflect Storage and Terminal Solutions segment decrease of 12% to $123.9M, Process and Industrial Facilities segment decrease of 3% to $94.2M, Utility and Power Infrastructure segment decrease of 1% to $112M, Canada segment decrease of 26% to $28.8M, United States segment decrease of 3% to $299.2M.

Equity composition

Common Stock $.01 Par, 02/11, 60M auth., 27,888,217 issd., less 1,467,700 shs. in Treas. @ cost. Insiders control 1.62%. PO 5/91, 1,840,000 shs. @ $18.75 by First Analysis Securities Chicago, PaineWebber. FY'97 & '98 fncls. and FY'98 Q's restated due to disc. ops. 11/03, 2-for-1 stock split.