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INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims Against Matrix Service Company

Matrix Service Company (MTRX) 
Last matrix service company earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Matrix Service Company (“Matrix” or the “Company”) (NASDAQ: MTRX). This investigation concerns whether Matrix has violated federal securities laws and/or engaged in other unlawful business practices.On February 6, 2020, in connection with its second quarter 2020 results, Matrix recorded a goodwill impairment of $24.9 million in its Electrical Infrastructure segment. The Company stated that “the impairment of the goodwill was due to the financial performance of portions of the power delivery business that led to depressed gross margins, which accelerated during the second quarter.” As a result, Matrix is “implementing significant changes to the operations and management of its Electrical Infrastructure segment, including changes to leadership, modifications to operational processes, changes to mid-level operational personnel, and increased business development resources.”On this Show less Read more
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