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Matrix Service Company (MTRX) investor relations material
Matrix Service Company Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q2 FY26 was $210.5M, up 12% year-over-year, with all segments contributing to growth.
Net loss narrowed to $0.9M ($0.03/share), with adjusted net loss per share at $0.02.
Adjusted EBITDA turned positive at $2.4M, a $4.6M improvement year-over-year.
Backlog remains strong at $1.1B, with a book-to-bill ratio of 0.8x and a $7.3B opportunity pipeline.
Liquidity was $257.6M with no debt as of December 31, 2025.
Financial highlights
Q2 FY26 revenue: $210.5M, up from $187.2M in Q2 FY25.
Gross profit: $13.1M; gross margin: 6.2%, up from 5.8% year-over-year.
Operating loss reduced to $2.2M from $6.4M year-over-year.
SG&A expenses decreased to $15.1M from $17.3M, reflecting cost reductions.
Cash flow from operations was $7.5M for the quarter.
Outlook and guidance
Fiscal 2026 revenue guidance reaffirmed at $875M–$925M, representing 14–20% projected growth.
Management expects revenue and profitability to improve in the second half of FY26, driven by higher volumes in Storage and Terminal Solutions.
Long-term financial targets: >4.5% operating margin, >6.5% EBITDA margin, >12% ROIC.
Long-term demand remains strong, supported by multi-year investment cycles in energy, power, and industrial infrastructure.
- TimeTickerHeadlineOpen
- 5 FebROAD
Q1 revenue up 44%, record backlog, and raised FY26 outlook on strong Sunbelt demand. - 5 FebOESX
Raised FY 2026 revenue outlook and delivered fifth straight quarter of positive Adjusted EBITDA. - 5 FebTWI
AI-driven innovation and LSW tire success position the business for growth amid market challenges. - 5 FebREAL
All resolutions passed, with management emphasizing growth, market share, and financial stability. - 5 FebQGEN
2025 results beat expectations with strong growth pillars and robust 2026 outlook. - 5 FebSHEL
$18.5B earnings, $22B+ returns, $5.1B cost cuts, and strong portfolio moves in 2025. - 5 FebTRI
Strong organic growth, margin expansion, and capital returns set the stage for 2026 targets. - 5 FebOMF
Net income up 54%, EPS up 36%, receivables $26.3B, strong growth and stable credit metrics. - 5 FebHSY
2026 guidance anticipates strong sales and EPS growth, margin recovery, and brand investment. - 5 FebENS
Adjusted EPS ex-45X up 50%, strong cash flow, and margin gains offset Motive Power softness.
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