Earnings ·
Matrix Service reports Q1 fiscal 2027 net income of $6.2 million and approves $25M buyback
MTRXMatrix Service Co
Matrix Service Company reported first-quarter fiscal 2027 revenue of $219.4 million, up from $211.9 million in the prior year period. The company posted a net income of $6.2 million, or $0.22 per diluted share, compared to a net loss of $3.7 million in the same quarter last year. Adjusted EBITDA rose to $7.7 million from $2.5 million. Total backlog stood at $872.6 million with $138.8 million in new awards. The board approved a new share repurchase program authorized for up to $25 million. Matrix Service Company is a heavy industrial contractor that engineers, constructs, and maintains critical infrastructure across the energy, power, and industrial end-markets.