Matrix Service Earnings: Everything You Must Know Now
Matrix Service Co. (NASDAQ:MTRX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Matrix Service Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.27% to $0.28 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Rose 27.45% to $235.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Matrix Service Co. reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.26. It beat the average revenue estimate of $226.63 million.
Quoting Management: John Hewitt, President and CEO of Matrix Service Company said, “We achieved record revenue in fiscal 2013 while growing our backlog 26% as a result of the leadership, hard work and values of our employees. Our operating results, backlog growth and strong balance sheet are evidence of our significant progress toward achieving our strategic goals and have positioned us for continued success in fiscal 2014.”
Key Stats (on next page)…