Matrix Service (MTRX) Tops Q1 EPS by 8c, Sales Miss

Matrix Service (NASDAQ: MTRX) reported Q1 EPS of $0.14, $0.08 better than the analyst estimate of $0.06. Revenue for the quarter came in at $269.9 million versus the consensus estimate of $289.22 million.

• Company earned $0.14 per fully diluted share in the first quarter
• Solid book-to-bill of 1.2 achieved on project awards of $316.4 million, up 21.8% over the same period a year ago
• Backlog increased to $728.8 million at September 30, 2017 compared to $682.3 million at June 30, 2017
• Consolidated gross margins are 10.7% on strong project execution
• Balance sheet remains strong; liquidity increased to $131.8 million

GUIDANCE:

Matrix Service sees FY2018 EPS of $0.55-$0.75, versus the consensus of $0.60. Matrix Service sees FY2018 revenue of $1.225-1.325 billion, versus the consensus of $1.25 billion.

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

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