Overview
Matrix Service fiscal Q1 revenue grows 28% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q1 misses analyst expectations
Company reaffirms full-year revenue guidance of $875 mln to $925 mln
Outlook
Company reaffirms full-year revenue guidance of $875 mln to $925 mln
Company expects steady near-term award momentum
Result Drivers
REVENUE GROWTH - Higher volumes in Storage & Terminal Solutions and Utility & Power Infrastructure segments drove a 28% increase in revenue
MARGIN IMPROVEMENT - Improved gross margins due to strong project execution and increased revenue volumes in Utility & Power Infrastructure
SG&A REDUCTION - Decrease in SG&A expenses due to cost reductions from organizational realignment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $211.90 mln | $206.66 mln (2 Analysts) |
Q1 Adjusted EPS | Miss | -$0.01 | $0.02 (2 Analysts) |
Q1 EPS | -$0.13 | ||
Q1 Adjusted Net Income | Miss | -$300,000 | $1.99 mln (1 Analyst) |
Q1 Adjusted EBITDA | Beat | $2.50 mln | $2.44 mln (2 Analysts) |
Q1 Gross Margin | 10.00% |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Matrix Service Co is $16.50, about 7.5% above its November 4 closing price of $15.27
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 24 three months ago
Press Release: ID:nGNX2xc32S
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments