Matrix Service (MTRX) Misses Q3 EPS by 13c, Lowers FY EPS Guidance

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Go back to Matrix Service (MTRX) Misses Q3 EPS by 13c, Lowers FY EPS Guidance

Matrix Service Company Reports Third Quarter Results; Lowers Fiscal 2016 Guidance

May 4, 2016 4:19 PM EDT

TULSA, Okla., May 04, 2016 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy, power and industrial markets across North America, today reported its financial results for its third quarter and nine months ended March 31, 2016.

Key highlights:

Year-to-date revenue in the Electrical and Storage Solutions segments increased 54.8% and 7.8%, respectively, while market conditions negatively impacted the Industrial and Oil Gas & Chemical segmentsConsolidated gross profit for the three and nine months ended March 31, 2016 was $27.3 million and $91.9 million... More