Matrix Service Company Reports Second Quarter Results; Increases Fiscal 2019 Revenue Guidance, Maintains Earnings Guidance

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Matrix Service (MTRX) Reports Q2 EPS of $0.14, Revenues Beat; Raises FY19 Revenue Guidance Above Consensus

February 6, 2019 4:15 PM EST

Matrix Service (NASDAQ: MTRX) reported Q2 EPS of $0.14, versus $0.17 reported last year. Revenue for the quarter came in at $340.6 million versus the consensus estimate of $317.23 million.

Revenue increased 20.4% to $340.6 million compared to $282.9 million in the second quarter of the prior fiscal year, driven by increases of 78.5% and 18.8%, respectively, in the Storage Solutions and Industrial segmentsFully diluted earnings per share were $0.14 in the second quarter and $0.23 year-to-dateBacklog at... More