Matrix Service (MTRX) Reports In-Line Q4 EPS, Beats on Revenues; FY18 EPS/Revenue Guidance Above Consensus

Matrix Service (NASDAQ: MTRX) reported Q4 EPS of ($0.04), in-line with the analyst estimate of ($0.04). Revenue for the quarter came in at $291.8 million versus the consensus estimate of $275.3 million.

• Consistent with prior forecast, earnings per share is near breakeven for the full year at ($0.01) with fourth quarter at ($0.04)
• Resolution achieved on Electrical Infrastructure project, as previously forecasted
• Project awards for the three months and fiscal year ended June 30, 2017 up 34% compared to the same periods in the prior fiscal year
• Fiscal 2018 guidance for revenue of $1.225 billion to $1.325 billion and fully diluted EPS of $0.55 to $0.75

GUIDANCE:

Matrix Service sees FY2018 EPS of $0.55-$0.75, versus the consensus of $0.55. Matrix Service sees FY2018 revenue of $1.225-1.325 million, versus the consensus of $1.2 million.

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

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