OverviewSuggest Edit

Matrix Service Company is a provider of engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining and minerals markets. The company operates in four segments: Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions, and Industrial. The Electrical Infrastructure segment provides power delivery services to investor owned utilities, as well as construction and maintenance services to power generation facilities. The Oil Gas & Chemical segment offers turnaround, plant maintenance, engineering, construction, and industrial cleaning services to customers primarily in the petroleum industry. The Storage Solutions segment consists of products and services related to aboveground storage tanks (AST) and terminals. The Industrial segment delivers engineering, fabrication, construction, maintenance, and repair services primarily to iron and steel and mining and minerals companies.

TypePublic
Founded1984
HQTulsa, US
Websitematrixservicecompany.com
Employee Ratings3.7

Locations

Matrix Service Company is headquartered in
Tulsa, United States

Location Map

Latest Updates

Employees (est.) (Jun 2019)5,000(+8%)
Revenue (FY, 2019)$1.4 B(+30%)
Share Price (May 2020)$11

Key People/Management at Matrix Service Company

John R. Hewitt

John R. Hewitt

President and Chief Executive Officer
Alan Updyke

Alan Updyke

Chief Operating Officer
Joseph F. Montalbano

Joseph F. Montalbano

Chief Operating Officer
Kevin S. Cavanah

Kevin S. Cavanah

Chief Financial Officer
Nancy E. Austin

Nancy E. Austin

Chief Administrative Officer and Vice President
Quinton Beasley

Quinton Beasley

Vice President, Accounting
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Matrix Service Company Office Locations

Matrix Service Company has offices in Tulsa, Alton, Bakersfield, Bellingham and in 21 other locations
Tulsa, US (HQ)
5100 E Skelly Dr
Alton, US
3403 E Broadway
Bakersfield, US
34779 Lencioni Ave
Bellingham, US
3810 Bakerview Spur
Bellingham, US
4041 Bakerview Spur
Catoosa, US
1105 W Main Pkwy
Show all (30)

Matrix Service Company Financials and Metrics

Matrix Service Company Revenue

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View revenue for all periods
Matrix Service Company's revenue was reported to be $1.42 b in FY, 2019 which is a 29.8% increase from the previous period.
USD

Revenue (Q3, 2020)

248.3m

Gross profit (Q3, 2020)

20.5m

Gross profit margin (Q3, 2020), %

8.2%

Net income (Q3, 2020)

(5.5m)

EBIT (Q3, 2020)

(5.8m)

Market capitalization (29-May-2020)

288.1m

Closing stock price (29-May-2020)

11.0

Cash (31-Mar-2020)

87.5m

EV

240.7m
Matrix Service Company's current market capitalization is $288.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

1.2b1.1b1.4b

Revenue growth, %

(9%)(9%)30%

Cost of goods sold

1.1b999.6m1.3b

Gross profit

81.0m91.9m132.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

269.9m282.9m245.6m318.5m340.6m358.9m338.1m318.7m248.3m

Cost of goods sold

241.0m256.2m230.8m295.1m312.7m322.0m305.6m288.7m227.9m

Gross profit

28.9m26.7m14.9m23.4m27.9m36.9m32.5m30.0m20.5m

Gross profit Margin, %

11%9%6%7%8%10%10%9%8%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

43.8m64.1m89.7m

Accounts Receivable

211.0m203.4m218.4m

Inventories

3.7m5.2m8.0m

Current Assets

358.6m357.0m417.3m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

138.0m(11.5m)28.0m

Depreciation and Amortization

21.6b20.3m18.2m

Inventories

198.0k(1.4m)(2.9m)

Accounts Payable

(37.0m)(25.9m)32.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

3.8m8.4m3.2m2.3m6.2m15.2m6.2m(21.9m)(27.4m)

Depreciation and Amortization

5.6m10.9m15.5m4.5m9.1m13.6m4.8m9.7m14.4m

Inventories

(532.0k)(788.0k)(1.6m)(1.4m)(2.8m)(3.5m)456.0k832.0k279.0k

Accounts Payable

(7.7m)(34.0m)(37.7m)15.3m8.6m30.1m(15.2m)(38.2m)(35.1m)
USDY, 2020

EV/EBIT

-41.5 x

EV/CFO

7.6 x

Financial Leverage

1.8 x
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Matrix Service Company Operating Metrics

Matrix Service Company's Backlog was reported to be $872.2m in Q2, 2020.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Oct, 2017Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

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$1.22 b$1.11 b$1.05 b$1.15 b$1.10 b$1.08 b$872.24 m

Book-to-bill Ratio

90%120%100%180%150%70%80%90%90%100%60%

Facilities

25 23 23 23

Storage Facilities Capacity, million barrels

160 m
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Matrix Service Company Acquisitions / Subsidiaries

Company NameDateDeal Size
Houston InterestsDecember 12, 2016$46 m
Devco USA, LLC
Houston Dynamics, 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, LLC
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Matrix Service Company Revenue Breakdown

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Matrix Service Company revenue breakdown by business segment: 25.2% from Industrial, 36.8% from Storage Solutions, 22.6% from Oil Gas & Chemical and 15.3% from Electrical Infrastructure

Matrix Service Company revenue breakdown by geographic segment: 96.6% from United States and 3.4% from Other

Matrix Service Company Online and Social Media Presence

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Matrix Service Company Frequently Asked Questions

  • When was Matrix Service Company founded?

    Matrix Service Company was founded in 1984.

  • Who are Matrix Service Company key executives?

    Matrix Service Company's key executives are John R. Hewitt, Alan Updyke and Joseph F. Montalbano.

  • How many employees does Matrix Service Company have?

    Matrix Service Company has 5,000 employees.

  • What is Matrix Service Company revenue?

    Latest Matrix Service Company annual revenue is $1.4 b.

  • What is Matrix Service Company revenue per employee?

    Latest Matrix Service Company revenue per employee is $283.3 k.

  • Who are Matrix Service Company competitors?

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

  • Where is Matrix Service Company headquarters?

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

  • Where are Matrix Service Company offices?

    Matrix Service Company has offices in Tulsa, Alton, Bakersfield, Bellingham and in 21 other locations.

  • How many offices does Matrix Service Company have?

    Matrix Service Company has 30 offices.