Matrix Service Company Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 09, 2023 at 07:36 am EST
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Matrix Service Company reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was USD 193.84 million compared to USD 161.97 million a year ago. Net loss was USD 32.83 million compared to USD 24.92 million a year ago. Basic loss per share from continuing operations was USD 1.22 compared to USD 0.93 a year ago. Diluted loss per share from continuing operations was USD 1.22 compared to USD 0.93 a year ago.
For the six months, sales was USD 402.27 million compared to USD 330.06 million a year ago. Net loss was USD 39.34 million compared to USD 42.46 million a year ago. Basic loss per share from continuing operations was USD 1.46 compared to USD 1.59 a year ago. Diluted loss per share from continuing operations was USD 1.46 compared to USD 1.59 a year ago.
Matrix Service Company, through its subsidiaries, is an industrial engineering, construction, and maintenance contractor operating in North America. The Companyâs segments include Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. Its Storage and Terminal Solutions primarily consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals. This segment also includes terminal balance of plant work. Its Utility and Power Infrastructure segment primarily consists of engineering, procurement, fabrication, and construction services to support growing demand for LNG utility peak shaving facilities. Its Process and Industrial Facilities consists of plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients including refining and processing of crude oil, fractionating, and marketing of natural gas and natural gas liquids.
MATRIX SERVICE COMPANY 
