Matrix Service receices $464M in Q4 awards, announces backlog $1.1B at June-end

Matrix Service Company announced that it has received fiscal fourth quarter awards of $464M, resulting in $1.1B in backlog as of June 30 , the largest backlog since June 30, 2018. Total awards in fiscal 2023 of over $1.3B were also the highest annual total in five years. “Our large, high quality multi-year backlog is the result of the actions we have taken to focus the business on the core markets aligned with our skills, expertise, and strong brand. Entering fiscal 2024, our backlog supports long-term sustainable revenue and improved earnings. The reshaping of the global energy markets, the push towards lower carbon activity, and industrial reshoring all create long-term opportunities for our business that we expect will drive further backlog growth,” said Matrix Service The Company will announce fourth quarter and full year results for Fiscal 2023 after market on Monday, September 11 The Company expects results to be in line with consensus.