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Matrix Service Company (MTRX) earnings
Matrix Service Company earnings: last reported Thu, 3 Sep 2026, for the quarter ended Jun 2026.
Matrix Service Company earnings callsMatrix Service Company earnings calls (MTRX)
Latest concall · Q2 2026 · call held call held 03 Sept 2026
Matrix Service Company Q4 FY26 — Return to Profitability and Strategic Realignment
What went well
- Returned to profitability with full-year adjusted EPS of $0.26, an increase of $1.19 YoY.
- Q4 revenue increased 13% to $244.5 million compared to $216.4 million in Q4 FY25.
- Q4 gross profit increased 140% to $19.5 million, with gross margin improving to 8% from 3.8% YoY.
What to watch
- Q4 awards of $169 million resulted in a 0.7x book-to-bill ratio, indicating a diminishing order book.
- Process and Industrial Facilities segment revenue decreased to $33.6 million from $47.3 million YoY, with gross margin declining to 2.9% from 5.9% YoY.
Performance −25.2% 1Y
1Y: $12.8 on 29 Sept 2025 → $9.57. High $15.6 (5 Nov 2025), low $9.47 (29 Sept 2026).
Quarterly results
Q2 FY26: revenue up 13.0%, net profit up 110.1% against the same quarter last year.
| Line item | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 187 | 200 | 216 | 212 +28% | 211 +12% | 207 +3% | 245 +13% |
| EBITDA | -11 | -6 | -5 | -13 | -5 +49% | -2 +66% | -1 +79% | -1 +93% |
| Net profit | -9 | -6 | -3 | -11 | -4 +60% | -1 +84% | 1 +124% | 1 +110% |
How to read this
US$ million, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Balance sheet
| Year ending | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|
| Equity capital | $279.0K | $279.0K | $279.0K | $279.0K | $279.0K | $281.0K |
| Reserves | $175.18M | $111.28M | $58.92M | $33.94M | $4.48M | $1.90M |
| Total liabilities | $182.02M | $213.09M | $219.02M | $287.17M | $457.54M | $460.75M |
| Fixed assets | $69.41M | $53.87M | $47.55M | $43.50M | $42.10M | $36.26M |
| Total assets | $467.56M | $440.79M | $400.50M | $451.35M | $600.26M | $602.61M |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
69 filings between Nov 4, 2025 and Aug 30, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$2.54M
11 sales by 5 insiders
45% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 9
- Award — granted as compensation
- 16
- Option exercise — converted options into shares
- 17
- Tax withheld — shares kept back by the company to cover tax
Also filed: 16 dispositions to the issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Cavanah Kevin S | — | $1.62M | Jun 15, 2026 |
| HEWITT JOHN R | — | $450.2K | May 8, 2026 |
| SHEETS JUSTIN D | — | $229.4K | Jun 12, 2026 |
| PAYNE SHAWN P | — | $198.0K | Nov 25, 2025 |
| AUSTIN NANCY E | — | $47.3K | Feb 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 30, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Tax withheld | 380 | $4.1K |
| Aug 30, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Option exercise | 967 | — |
| Aug 30, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Disposition to issuer | 967 | $10.5K |
| Aug 30, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Tax withheld | 962 | $10.4K |
| Aug 30, 2026 | Cavanah Kevin S VP Finance & CFO | Option exercise | 4,569 | — |
| Aug 30, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Option exercise | 2,576 | — |
| Aug 30, 2026 | PAYNE SHAWN P President & CEO | Disposition to issuer | 2,817 | $30.5K |
| Aug 30, 2026 | Cavanah Kevin S VP Finance & CFO | Tax withheld | 1,576 | $17.1K |
| Aug 30, 2026 | PAYNE SHAWN P President & CEO | Option exercise | 2,817 | — |
| Aug 30, 2026 | PAYNE SHAWN P President & CEO | Tax withheld | 1,108 | $12.0K |
| Aug 30, 2026 | Cavanah Kevin S VP Finance & CFO | Disposition to issuer | 4,569 | $49.5K |
| Aug 30, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Disposition to issuer | 2,576 | $27.9K |
| Aug 29, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Option exercise | 2,370 | — |
| Aug 29, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Disposition to issuer | 2,370 | $25.7K |
| Aug 29, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Tax withheld | 932 | $10.1K |
| Aug 29, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Option exercise | 3,482 | — |
| Aug 29, 2026 | Cavanah Kevin S VP Finance & CFO | Tax withheld | 2,130 | $23.1K |
| Aug 29, 2026 | Cavanah Kevin S VP Finance & CFO | Option exercise | 6,176 | — |
| Aug 29, 2026 | Cavanah Kevin S VP Finance & CFO | Disposition to issuer | 6,176 | $66.9K |
| Aug 29, 2026 | PAYNE SHAWN P President & CEO | Disposition to issuer | 4,077 | $44.2K |
| Aug 29, 2026 | PAYNE SHAWN P President & CEO | Tax withheld | 1,604 | $17.4K |
| Aug 29, 2026 | PAYNE SHAWN P President & CEO | Option exercise | 4,077 | — |
| Aug 29, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Disposition to issuer | 3,482 | $37.7K |
| Aug 29, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Tax withheld | 1,300 | $14.1K |
| Aug 27, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Tax withheld | 669 | $7.3K |
| Aug 27, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Option exercise | 1,607 | — |
| Aug 27, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Tax withheld | 632 | $6.9K |
| Aug 27, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Option exercise | 1,702 | — |
| Aug 27, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Disposition to issuer | 1,702 | $18.6K |
| Aug 27, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Disposition to issuer | 1,607 | $17.5K |
| Aug 27, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Option exercise | 2,429 | — |
| Aug 27, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Disposition to issuer | 2,429 | $26.5K |
| Aug 27, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Tax withheld | 907 | $9.9K |
| Aug 27, 2026 | Cavanah Kevin S VP Finance & CFO | Tax withheld | 1,108 | $12.1K |
| Aug 27, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Option exercise | 1,697 | — |
| Aug 27, 2026 | Cavanah Kevin S VP Finance & CFO | Disposition to issuer | 4,307 | $47.0K |
| Aug 27, 2026 | Cavanah Kevin S VP Finance & CFO | Tax withheld | 1,485 | $16.2K |
| Aug 27, 2026 | Cavanah Kevin S VP Finance & CFO | Option exercise | 3,009 | — |
| Aug 27, 2026 | PAYNE SHAWN P President & CEO | Tax withheld | 3,226 | $35.2K |
| Aug 27, 2026 | Cavanah Kevin S VP Finance & CFO | Disposition to issuer | 3,009 | $32.8K |
| Aug 27, 2026 | PAYNE SHAWN P President & CEO | Disposition to issuer | 2,843 | $31.0K |
| Aug 27, 2026 | PAYNE SHAWN P President & CEO | Option exercise | 4,104 | — |
| Aug 27, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Disposition to issuer | 1,697 | $18.5K |
| Aug 27, 2026 | PAYNE SHAWN P President & CEO | Option exercise | 2,843 | — |
| Aug 27, 2026 | PAYNE SHAWN P President & CEO | Disposition to issuer | 4,104 | $44.8K |
| Aug 27, 2026 | Cavanah Kevin S VP Finance & CFO | Option exercise | 4,307 | — |
| Aug 27, 2026 | SHEETS JUSTIN D SVP, Enterprise Services | Tax withheld | 633 | $6.9K |
| Aug 27, 2026 | PAYNE SHAWN P President & CEO | Tax withheld | 1,118 | $12.2K |
| Aug 27, 2026 | PAYNE SHAWN P President & CEO | Tax withheld | 1,614 | $17.6K |
| Aug 25, 2026 | MILLER DAVID (JAMES) VP & General Counsel | Award | 5,432 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.