Matrix Service Company Reports Second Quarter 2020 Results

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Go back to Matrix Service Company Reports Second Quarter 2020 Results

Matrix Service (MTRX) Misses Q2 EPS by 12c, Revenues Miss

February 5, 2020 4:23 PM EST

Matrix Service (NASDAQ: MTRX) reported Q2 EPS of $0.19, $0.12 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $318.7 million versus the consensus estimate of $365.61 million.

Key highlights:

Second quarter revenue was $318.7 million compared to $340.6 million in the same quarter of the prior fiscal yearStrong quarterly results for Storage Solutions segment with revenue of $142.8 million and gross margin of 13.9%Second quarter loss... More