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

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

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

February 6, 2019 4:05 PM EST

TULSA, Okla., Feb. 06, 2019 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today reported financial results for its second quarter ended December 31, 2018.

Key highlights:

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... More