Matrix Service Company Reports Fiscal Year 2025 Third Quarter Results

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[{"type":"image","alt":"Matrix Service Company","displaySize":"","headline":null,"caption":"Matrix Service Company","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":188,"url":"https://media.zenfs.com/en/globenewswire.com/5d90b1f11719e6a5f9fd0e7c01e1fd53"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GSp2QfIC2mC_A3SLyEPiYQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI2MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/5d90b1f11719e6a5f9fd0e7c01e1fd53","width":300,"height":188}},"lazy":false},{"type":"text","content":"TULSA, Okla., May 07, 2025 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading provider of engineering and construction services to the energy and industrial markets, today announced results for the third quarter of fiscal 2025 ended March 31, 2025.","length":271,"tagName":"p"},{"type":"text","content":"THIRD QUARTER FISCAL 2025 RESULTS(all comparisons versus the prior year quarter unless otherwise noted)","length":104,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total backlog of $1.4 billion, an increase of 7.7% from the second quarter of fiscal 2025","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Total project awards in the quarter of $301.2 million, resulting in a book-to-bill ratio of 1.5x, bringing year-to-date book-to-bill to 1.0x","length":140,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue of $200.2 million, an increase of 21%","length":45,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss per share of $(0.12) versus $(0.53)","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"Break-even Adjusted EBITDA(1) versus $(10.0) million","length":52,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash flow from operations of $31.2 million","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"Liquidity at March 31, 2025 of $247.1 million with no outstanding debt","length":75,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":487,"olType":false},{"type":"text","content":"MANAGEMENT COMMENTARY","length":21,"tagName":"p"},{"type":"text","content":"“Our third quarter results reflect accelerating revenue, supported by backlog growth which advances our return to profitability and enhances our visibility into future earnings,” said John Hewitt, President and Chief Executive Officer of Ma...

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