Matrix Service provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets internationally. The Company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations. Its Oil Gas & Chemical segment provides turnaround, plant maintenance, engineering, and construction services for the downstream and midstream petroleum industries. Matrix's Storage Solutions segment constructs crude and refined products aboveground storage tanks, and provides planned and emergency maintenance services.

Employee Rating

3.4More
TypePublic
HQTulsa, US
Founded1984
Size (employees)4,650 (est)
Websitematrixservice.com
Matrix Service was founded in 1984 and is headquartered in Tulsa, US
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Key People/Management at Matrix Service

Alan Updyke

Alan Updyke

President
Shawn Payne

Shawn Payne

Senior Vice President, Finance & Business Services
Frank Capristo

Frank Capristo

Vice President, Turnaround & Plant Services
Patrick Chambers

Patrick Chambers

Vice President, Major Projects
Kevin Durkin

Kevin Durkin

Vice President, Business Development
Brad Killmer

Brad Killmer

Vice President, Accounting & Finance
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Matrix Service Office Locations

Matrix Service has offices in Tulsa, Tucson, Reserve, Orange and in 10 other locations
Tulsa, US (HQ)
5100 E Skelly Dr
Alton, US
3403 E Broadway
Bakersfield, US
34779 Lencioni Ave
Baton Rouge, US
STE. A-2 5713 Superior Dr
Bellingham, US
3810 Bakerview Spur
Catoosa, US
5725 Kaw Lake Rd.
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Matrix Service Financials and Metrics

Matrix Service Revenue

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Matrix Service's revenue was reported to be $1.09 b in FY, 2018 which is a 8.8% decrease from the previous period.
USD

Revenue (Q1, 2019)

318.5m

Gross profit (Q1, 2019)

23.4m

Gross profit margin (Q1, 2019), %

7.4%

Net income (Q1, 2019)

2.3m

EBIT (Q1, 2019)

2.2m

Market capitalization (17-Jan-2019)

541.2m

Closing stock price (17-Jan-2019)

20.0

Cash (30-Sep-2018)

74.7m
Matrix Service's current market capitalization is $541.2 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.3b1.3b1.3b1.2b1.1b

Revenue growth, %

6%(2%)(9%)(9%)

Cost of goods sold

1.1b1.3b1.2b1.1b999.6m

Gross profit

136.5m87.4m126.0m81.0m91.9m
Quarterly
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

77.1m79.2m71.7m43.8m64.1m

Accounts Receivable

204.7m199.1m190.4m211.0m203.4m

Inventories

3.0m2.8m3.9m3.7m5.2m

Current Assets

375.5m373.5m375.4m358.6m357.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

72.8m68.6m103.2m69.2m82.4m73.4m35.6m66.2m39.7m46.1m74.1m46.9m74.7m

Accounts Receivable

175.5m215.1m188.6m182.6m207.4m170.7m231.0m248.7m223.3m218.7m183.5m189.2m

Inventories

3.0m3.0m2.9m2.9m2.7m3.5m3.8m4.2m3.9m4.3m4.5m5.3m6.5m

Current Assets

355.8m376.0m392.8m354.5m386.6m351.1m384.3m408.2m349.6m347.6m337.5m320.8m385.5m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

36.9m(1.9m)25.5m138.0m(11.5m)

Depreciation and Amortization

18.5m23.5m21.4m21.6b20.3m

Inventories

(11.0k)272.0k606.0k198.0k(1.4m)

Accounts Payable

29.2m13.0m14.7m(37.0m)(25.9m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

4.7m(176.0k)(13.1m)9.7m12.9m16.4m9.3m14.6m1.1m3.8m8.4m3.2m2.3m

Depreciation and Amortization

5.8m11.5m17.3m5.4m10.7m16.1m4.9m10.0m15.8m5.6m10.9m15.5m4.5m

Inventories

39.0k32.0k170.0k(90.0k)85.0k568.0k168.0k(259.0k)9.0k(532.0k)(788.0k)(1.6m)(1.4m)

Accounts Payable

(17.5m)(19.4m)(23.0m)(26.2m)(16.7m)(3.5m)(13.6m)(34.3m)(45.7m)(7.7m)(34.0m)(37.7m)15.3m
USDY, 2018

Financial Leverage

1.8 x
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Matrix Service Operating Metrics

Matrix Service's Backlog was reported to be $914.2m in Q3, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Oct, 2017Q2, 2018Q3, 2018

Backlog

$1.42 b$1.28 b$1.12 b$1.03 b$868.67 m$786.61 m$813.99 m$790.42 m$682.27 m$682.27 m$725.03 m$914.21 m

Book-to-bill Ratio

90%120%100%180%

Facilities

39

Storage Facilities Capacity, million barrels

160 m
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Matrix Service Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Devco USA, LLC
Houston Interests, LLC
Matrix Applied Technologies, Inc.
Matrix Applied Technologies, Ltd.
Matrix Applied Technologies, Pty. Ltd.
Matrix International Holding Company, Ltd.
Matrix North American Construction, Inc.
Matrix North American Construction, Ltd.
Matrix PDM Engineering, Inc.
Matrix PDM, LLC
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Matrix Service Revenue Breakdown

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Matrix Service revenue breakdown by business segment: 23.4% from Electrical Infrastructure, 29.6% from Oil Gas & Chemical, 28.8% from Storage Solutions and 18.2% from Industrial

Matrix Service revenue breakdown by geographic segment: 89.9% from United States, 9.5% from Canada and 0.6% from Other

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Matrix Service Online and Social Media Presence

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Matrix Service News and Updates

Exxonmobil Awards Matrix Service FCCU Turnaround at Joliet, Il Refinery

TULSA, Okla., Dec. 03, 2018 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix Service Inc., has been awarded the Fluidized Catalytic Cracking Unit (FCCU) turnaround by Exxon Mobil at its Joliet, Illinois refinery.  

Matrix Service Begins Construction on Thermal Vacuum Chamber for Lockheed Martin at New Gateway Center

TULSA, Okla., Nov. 14, 2018 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix Service Inc., has begun construction on the previously announced thermal vacuum chamber at Lockheed Martin’s new Gateway Center. This work follows Matrix PDM Engineerin…
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Matrix Service Company Life and Culture

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Matrix Service Frequently Asked Questions

  • When was Matrix Service founded?

    Matrix Service was founded in 1984.

  • Who are Matrix Service key executives?

    Matrix Service's key executives are Alan Updyke, Shawn Payne and Frank Capristo.

  • How many employees does Matrix Service have?

    Matrix Service has 4,650 employees.

  • What is Matrix Service revenue?

    Latest Matrix Service annual revenue is $1.1 b.

  • What is Matrix Service revenue per employee?

    Latest Matrix Service revenue per employee is $234.7 k.

  • Who are Matrix Service competitors?

    Competitors of Matrix Service include Ameresco, Dhesi Group and Quanta Services.

  • Where is Matrix Service headquarters?

    Matrix Service headquarters is located at 5100 E Skelly Dr, Tulsa.

  • Where are Matrix Service offices?

    Matrix Service has offices in Tulsa, Tucson, Reserve, Orange and in 10 other locations.

  • How many offices does Matrix Service have?

    Matrix Service has 18 offices.