Matrix Service (MTRX) Tops Q1 EPS by 6c, Maintains Guidance

Matrix Service (NASDAQ: MTRX) reported Q1 EPS of $0.37, $0.06 better than the analyst estimate of $0.31. Revenue for the quarter came in at $319.3 million versus the consensus estimate of $344.29 million.

Backlog

Backlog at September 30, 2015 totaled $1.28 billion compared to $1.42 billion at June 30, 2015. Project awards totaled $183.4 million in the three months ended September 30, 2015.

Financial Position

Availability under the Company's credit facility of $125.2 million along with the Company's cash balance of $69.2 million provided liquidity of $194.4 million at September 30, 2015, a quarterly increase of $19.6 million or 11.2%.

Earnings Guidance

The Company is maintaining fiscal 2016 revenue guidance of between $1.4 billion and $1.6 billion and is maintaining fiscal 2016 earnings guidance of between $1.45 and $1.75 per fully diluted share.

For earnings history and earnings-related data on Matrix Service (MTRX) click here.

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