Matrix Service Missed Consensus Estimates

Matrix Service (MTRX) reported a loss of $0.12 per share on revenue of $200.16 million for the fiscal third quarter ended March 2025. The consensus estimate was a loss of $0.05 per share on revenue of $220.10 million. The company missed consensus estimates by 140.00% while revenue grew 20.57% on a year-over-year basis.

The company said it expects fiscal 2025 revenue of $770.0 million to $800.0 million. The company's previous guidance was revenue of $850.0 million to $900.0 million and the current consensus estimate is revenue of $860.40 million for the year ending June 30, 2025.

Matrix Service Co provides engineering, fabrication, infrastructure, construction, and maintenance services to the oil, gas, power, petrochemical, industrial, mining and minerals markets.