Matrix Service (MTRX) Misses Q4 EPS by 4c, Slight Beat on Revenues; Offers FY19 EPS/Revenue Mid-Point Outlook Above Consensus
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Matrix Service Company Announces Fiscal 2018 Fourth Quarter and Full Year Results; Provides Fiscal 2019 Guidance
September 10, 2018 4:05 PM EDTFourth quarter revenue of $293.1 million and full year revenue of $1.092 billionCompany recorded impairment charges of $18.0 million in quarter, resulting in a fully diluted EPS of $(0.55) and $(0.43) for the fourth quarter and fiscal year, respectivelyExclusive of this impairment, adjusted fully diluted EPS for the quarter and fiscal year were $0.03 and $0.15, respectivelyBook-to-bill was 2.0 on project awards of $597.5 million in the fourth quarter and 1.5 on project awards of $1.628 billion for the full yearBacklog is $1.219 billion, an increase of 33% in the fourth quarter and 79% for the full yearFiscal 2019 guidance set at $1.250 to $1.350 billion in revenue and $0.85 to... More

