Sep 13, 2021 at 4:05 PM EDT
TULSA, Okla., Sept. 13, 2021 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq: MTRX) today reported its financial results for the fourth quarter and year ended June 30, 2021.
- Fourth quarter revenue increased 18% to $174.9 million compared to $148.3 million in the third quarter; full year revenue of $673.4 million
- $99.1 million of project awards in the quarter resulting in backlog of $462.6 million at June 30, 2021
- Project awards accelerating as we moved into the first quarter of fiscal 2022, with an expected book-to-bill of over 1.0
- Balance sheet is strong with no outstanding debt and cash of $83.9 million at June 30, 2021