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Stock impact report

Matrix Service Company Reports Third Quarter Fiscal 2024 Results

Matrix Service Company (MTRX) 
Last matrix service company earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
TULSA, Okla., May 08, 2024 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading North American industrial engineering, construction, and maintenance contractor, today announced results for the third quarter fiscal 2024 ended March 31, 2024. THIRD QUARTER FISCAL 2024 RESULTS (all comparisons versus the prior year period unless otherwise noted) Total backlog of $1.45 billion, +74% on a year-over-year basis, the highest level in 40-year company historyTotal project awards of $186.8 million, resulting in a book-to-bill ratio of 1.1xRevenue of $166.0 million, a decline of 11% on a year-over-year basisAdjusted EBITDA of ($9.8) million(1) versus ($7.7) million in the prior-year periodNet loss per share of ($0.53);Cash flow from operations of $25 million, +25% on a year-over-year basisCash and credit facility availability at March 31, 2024 of $135.0 million with no outstanding debt “Bidding activity remained strong across our end-markets during the third quarter, driven Show less Read more
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