Matrix Service (MTRX) Misses Q2 EPS by 17c

Matrix Service (NASDAQ: MTRX) reported Q2 EPS of $0.20, $0.17 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $342.9 million versus the consensus estimate of $369.56 million.

Backlog at December 31, 2014 totaled $839.0 million, a decrease of $76.8 million, or 8.4%, compared to the backlog at June 30, 2014 of $915.8 million. Backlog decreased $145.7 million, or 14.8%, compared to September 30, 2014 backlog of $984.7 million. Project awards totaled $197.2 million and $587.7 million in the three and six months ended December 31, 2014. Backlog at December 31, 2014 does not include the recently announced construction award for the Napanee Generating Station discussed earlier in this earnings release.

For earnings history and earnings-related data on Matrix Service (MTRX) click here.

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