Matrix Service reports Q1 adjusted EPS (33c), consensus (32c)
The Fly

Matrix Service reports Q1 adjusted EPS (33c), consensus (32c)

Reports Q1 revenue $165.58M, consensus $169.5M. The company said, “”We exited the first quarter with near-record backlog, driven mainly by our Storage and Terminal Solutions segment, which continues to benefit from robust energy infrastructure investment activity. We expect our conversion of backlog into revenue to increase as we move through fiscal 2025, culminating in improved fixed cost absorption, operating leverage and margin expansion. We continue to anticipate a return to profitability in fiscal 2025.”

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