Matrix Service Company Announces Fiscal 2017 Results; Provides Fiscal 2018 Guidance

TULSA, Okla., Sept. 06, 2017 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq:MTRX) today reported its financial results for the fourth quarter and year ended June 30, 2017. “As we finish a very challenging year for our end markets, fourth quarter and full year results are in line with guidance provided on our third quarter call.  Full year results were driven primarily by a revenue shortfall across our end markets, however we are optimistic about an improving market outlook,” said the Company’s President and CEO John R. Hewitt. “We are encouraged by the 34% increase in project awards received during this fiscal year as compared to last year, and by signs of market recovery and increased activity across our operating segments.”