Matrix Service Beat Consensus Estimates

Matrix Service (MTRX) reported a loss of $0.20 per share on revenue of $187.17 million for the fiscal second quarter ended December 2024. The consensus estimate was a loss of $0.23 per share on revenue of $188.30 million. The company beat consensus estimates by 13.04% while revenue grew 6.93% on a year-over-year basis.

The company said it expects fiscal 2025 revenue of $850.0 million to $900.0 million. The company's previous guidance was revenue of $900.0 million to $950.0 million and the current consensus estimate is revenue of $901.46 million for the year ending June 30, 2025.

Matrix Service Co provides engineering, fabrication, infrastructure, construction, and maintenance services to the oil, gas, power, petrochemical, industrial, mining and minerals markets.