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Backlog
Represents the value of unfulfilled orders, showing future revenue visibility and overall product demand strength.Matrix Service Company's backlog has seen a significant decline from its peak in late 2023, dropping to $1.16 billion by September 2025. This decrease is partly due to strategic client changes, removing $197 million from the backlog. Despite this, the company maintains a robust $1.2 billion backlog, supported by a strong opportunity pipeline of $6.7 billion. The earnings call highlights a 28% revenue growth and improved margins, indicating positive momentum, but challenges remain with net losses and restructuring costs impacting short-term financials.
Date | Total Backlog |
|---|---|
Mar 31, 2026 | $1.03B |
Dec 31, 2025 | $1.13B |
Sep 30, 2025 | $1.16B |
Jun 30, 2025 | $1.38B |
Mar 31, 2025 | $1.41B |
Dec 31, 2024 | $1.31B |
Sep 30, 2024 | $1.41B |
Jun 30, 2024 | $1.43B |
Mar 31, 2024 | $1.45B |
Dec 31, 2023 | $1.45B |