Matrix Service Company (MTRX) investor relations material

Executive summary

• Returned to profitability in Q3 FY2026 with net income of $0.8 million ($0.03 per diluted share), reversing a $3.4 million loss year-over-year, driven by improved project execution and cost discipline.

• Adjusted EPS was $0.13, and adjusted EBITDA reached $4.9 million, up from breakeven last year.

• Revenue grew 3% year-over-year to $206.7 million, led by Storage and Terminal Solutions segment growth.

• Liquidity stood at $297.2 million with no outstanding debt as of March 31, 2026.

• Leadership transition underway, including CEO and CFO changes and organizational restructuring.

Financial highlights

• Q3 FY2026 revenue: $206.7 million, up from $200.2 million year-over-year.

• Gross profit increased to $17.2 million (8.3% margin) from $12.9 million (6.4% margin) year-over-year.

• SG&A expenses decreased to $15.2 million from $17.7 million, reflecting cost reductions.

• Adjusted EBITDA improved to $4.9 million from breakeven last year.

• Cash and cash equivalents at March 31, 2026: $233.0 million; total liquidity including credit facility: $297.2 million.

Outlook and guidance

• FY2026 revenue guidance updated to $870–$890 million, reflecting 13–16% projected growth over FY2025.

• Q4 revenue expected to increase as deferred Q3 revenues shift into later periods.

• Profitability expected to continue, supported by strong backlog and execution.

• Backlog at March 31, 2026: $1.03 billion, with robust pipeline in LNG, mining, power, and data centers.

• Anticipates growth in Storage segment and rebound in Process and Industrial Facilities in 2027.