NASDAQ$MTRX

Matrix Service Co · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Announced first quarter fiscal year 2025 results and reaffirmed full year revenue guidance.

Matrix Service Company reported a revenue of $165.6 million and a net loss per share of $(0.33) for the first quarter of fiscal year 2025. The company is maintaining its full-year fiscal 2025 revenue guidance of $900 to $950 million, supported by continued demand strength and a total backlog of $1.4 billion.

  • Reiterated full-year fiscal 2025 revenue guidance of $900 to $950 million.
  • Total backlog reached $1.4 billion.
  • Total project awards in the quarter amounted to $148.0 million, with a book-to-bill ratio of 0.9x.
  • Utility and Power Infrastructure Segment delivered more than 70% year-over-year revenue growth.

Headline financials

Total Revenue

$166M

Previous: $198M-16.2%
EPS (adj)

-$0.33

Previous: -$0.21-57.1%
Capital Expenditures

-$1.94M

Previous: -$478K-306.7%
Free Cash Flow

-$11.2M

Previous: -$3.65M-206.4%
Net Income

-$9.22M

Previous: -$3.17M-191.2%
Operating Income

-$10.8M

Previous: -$5.25M-104.9%
Gross Profit

$7.81M

Previous: $11.9M-34.1%
Stock-Based Comp

$2.31M

Previous: $1.76M+31.7%

Revenue & EPS history

Matrix Service · Revenue · Quarterly

$166M

Q1 2025-16.2%vs Q1 2024
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Revenue by segment

Matrix Service · $123M total across 1 segment · Q4 2020

  • Storage and Terminal Solutions
    $123M-17.8%

Forward guidance

The Company reaffirmed revenue guidance it issued on September 9, 2024, with fiscal year 2025 revenue expected to be in the range of $900 million to $950 million.

Tailwinds

  • Storage and Terminal Solutions segment, the Company expects revenue to increase as the year progresses driven by specialty vessel and related facility projects currently in backlog.
  • Utility and Power Infrastructure segment, the Company expects revenue to increase as the level of work accelerates on LNG peak shaving projects currently in backlog.
  • Process and Industrial Facilities segment, the Company expects revenue to increase in the latter half of the year due to timing of turnaround work and as we begin work on projects currently in backlog.
  • Maintaining full year Fiscal 2025 Revenue Guidance of $900 to $950 million
  • Strong market demand and growth in our business

Headwinds

  • Timing of project awards and starts which may be impacted by market fundamentals
  • Client decision-making
  • Presidential election cycle
  • Associated regulatory environment
  • Lower revenues from a now completed large renewable diesel project

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.0%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+1.7%

Avg return

30 days after

46%

29 / 63 earnings

Positive

+27.3%

Q2 2014

Best reaction

-34.3%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-12.0%-11.9%-1.9%
Q2 2026-16.7%-15.5%-18.8%
Q1 2026-18.8%-19.7%-25.1%
Q3 2025+11.1%+5.8%+1.6%
Q2 2025+0.1%+6.7%-16.6%
Q1 2025+13.1%+13.8%+14.3%
Q4 2024+12.5%+17.0%+21.6%
Q3 2024-10.8%-8.7%-9.1%
Q2 2024+20.5%+30.8%+38.9%
Q1 2024+2.2%-1.7%-14.1%
Q4 2023+13.4%+14.1%+51.4%
Q3 2023+2.8%+3.1%+8.3%
Q2 2023-19.2%-26.3%-30.9%
Q1 2023+6.7%+8.9%+15.6%
Q4 2022-7.4%-12.2%+13.6%
Q3 2022-17.0%-23.4%+3.2%
Q2 2022+2.6%-2.2%+31.5%
Q1 2022-0.9%-1.0%-18.6%
Q4 2021-4.5%-5.7%-0.8%
Q3 2021-8.2%-10.2%-20.3%
Q2 2021-1.6%+1.2%+22.7%
Q4 2020-5.8%+6.9%-7.8%
Q3 2020-2.7%-5.5%+24.2%
Q2 2020-34.3%-35.3%-36.3%
Q1 2020-0.7%-7.0%+6.5%
Q4 2019+17.8%+7.3%-5.0%
Q3 2019+12.1%+7.9%-3.6%
Q2 2019-12.4%-7.4%-10.7%
Q1 2019+7.9%-2.7%-12.1%
Q4 2018+2.1%+22.6%+9.3%
Q3 2018+0.9%+2.7%+11.3%
Q2 2018-14.7%-12.4%-8.3%
Q1 2018+3.9%+9.2%+19.7%
Q4 2017+14.4%+17.7%+16.0%
Q3 2017-6.5%-8.4%-19.2%
Q2 2017-12.9%-17.9%-26.4%
Q1 2017+2.4%+11.5%+28.6%
Q4 2016+13.2%+13.2%+13.3%
Q3 2016-23.2%
Q2 2016-12.0%
Q1 2016-5.9%
Q4 2015+7.0%
Q3 2015-15.3%
Q2 2015-12.9%
Q1 2015-8.4%
Q4 2014-19.5%
Q3 2014+14.4%
Q2 2014+27.3%
Q1 2014-4.6%
Q4 2013+4.7%
Q3 2013+4.9%
Q2 2013+4.4%
Q1 2013+4.4%
Q4 2010-8.8%
Q4 2012-11.0%
Q3 2011-8.9%
Q3 2012-10.9%
Q2 2011+0.2%
Q2 2012+1.1%
Q1 2012-6.0%
Q1 2011-6.0%
Q4 2011-6.0%
Q3 2010+11.8%

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