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Matrix Service Company (MTRX)
NASDAQ:MTRX
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-$0.23Last Year’s EPS
-$0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -6.12%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with a strong backlog and affirmed revenue guidance, but also highlighted challenges such as revenue decline, reduced gross margins, and increased net loss. The company maintains a strong financial position with no debt and significant liquidity, indicating preparedness for future growth.Company Guidance
During the Matrix Service Company's first quarter earnings call for fiscal 2025, several key metrics and guidance were provided, offering insights into the company's performance and future expectations. The company began fiscal 2025 with a backlog of $1.4 billion, providing visibility into future revenue streams. They reaffirmed their revenue guidance for fiscal 2025 at between $900 million and $950 million, representing a year-over-year increase of 24% to 30%. The first-quarter revenue was reported at $165.6 million, a decrease from $197.7 million in the previous year, attributed largely to the completion of a significant renewable diesel project. Despite the lower revenue, the company maintained a near-record backlog and projected an increase in backlog conversion to revenue as the fiscal year progresses. The company also highlighted a strong opportunity pipeline valued at approximately $6 billion, with several projects expected to be awarded in the next 12 to 18 months. Additionally, they reported a consolidated gross margin of $7.8 million, or 4.7%, and a net loss of $9.2 million, or $0.33 per share, for the first quarter. The book-to-bill ratio for the quarter was 0.9, with a trailing 12-month ratio of 1.1. Encouragingly, the company's cash position remained robust, ending the quarter with $150 million in cash and $181 million in liquidity, with no debt, underscoring their financial stability and strategic focus on long-term value creation.Strong Backlog
Matrix Service Company started fiscal 2025 with a backlog of $1.4 billion, providing strong visibility into the current year and beyond.
Revenue Guidance Affirmed
The company reaffirmed its revenue guidance for fiscal 2025 at between $900 million and $950 million, representing a year-over-year increase of 24% to 30%.
Utility and Power Infrastructure Growth
Utility and Power Infrastructure segment revenue increased by over 70% to $55.9 million in Q1 fiscal 2025 compared to $32.4 million in Q1 fiscal 2024.
Strong Liquidity Position
The company generated $12 million in cash from operations, increasing the quarter-end cash balance to $150 million with liquidity at $181 million.
No Debt
Matrix Service Company maintained a debt position of zero, highlighting financial discipline and strength.
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MTRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $12.91 | $12.75 | -1.24% |
| Sep 09, 2024 | $9.14 | $10.54 | +15.32% |
| May 08, 2024 | $11.84 | $10.64 | -10.14% |
| Feb 07, 2024 | $9.21 | $11.34 | +23.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Matrix Service Company (MTRX) report earnings?
Matrix Service Company (MTRX) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Matrix Service Company (MTRX) earnings time?
Matrix Service Company (MTRX) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTRX EPS forecast?
MTRX EPS forecast for the fiscal quarter 2025 (Q2) is -$0.23.
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