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MATRIX SERVICE COMPANY ANNOUNCES FISCAL 2021 FOURTH QUARTER AND FULL YEAR RESULTS

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

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MATRIX SERVICE COMPANY REPORTS THIRD QUARTER FISCAL 2021 RESULTS

Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today reported financial results for its third quarter of fiscal 2021.

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AMERICAN PACIFIC BORATES LIMITED SELECTS MATRIX SERVICE TO CONSTRUCT FORT CADY BORATE MINE FACILITY

Feb. 08, 2021 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix Service Inc. (“Matrix Service”) has been selected by American Pacific Borates Limited (“American Pacific” or “APB”) for the first phase of construction of its Fort Cady Borate Mine Facility in southern California. When completed, Phase One A is targeted to produce 20,000 short tons per annum (stpa) of potassium sulfate and 9,000 stpa of boric acid, with amounts increasing in subsequent phases.

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MATRIX SERVICE COMPANY REPORTS SECOND QUARTER FISCAL 2021 RESULTS

Feb. 08, 2021 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today reported financial results for its second quarter of fiscal 2021.

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CORTEVA AGRISCIENCE AWARDS MATRIX SERVICE CONSTRUCTION OF WATER RECOVERY PROCESS FACILITY

TULSA, Okla., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading North American industrial engineering and construction contractor, announced that its subsidiary Matrix Service has been awarded the construction of a new water recovery process facility for Corteva Agriscience, a publicly traded, global pure-play agriculture company, at its Pittsburg, Calif. location. Construction on the project, which was taken into backlog in the first quarter of fiscal 2021, has commenced and includes process piping and steel fabrication, and all civil, mechanical and electrical construction.

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MATRIX SERVICE COMPANY SETS DATE TO DISCUSS RESULTS FOR THE SECOND QUARTER OF FISCAL 2021

Matrix Service Company (Nasdaq: MTRX) will announce results for its Fiscal Year 2021 second quarter ended December 31, 2020 after the market closes on Monday, February 8, 2021. The release will be followed by a conference call on Tuesday, February 9, 2021 at 10:30 a.m. Eastern time /09:30 a.m. Central time.

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