Matrix Service provides engineering, procurement, construction, fabrication, maintenance and repair, and industrial cleaning services for crude storage terminals, refined products and specialty vessels such as liquid natural gas and natural gas liquids across North America. In addition, the Company provides maintenance and repair, capital project, and turnaround services to the downstream refining and chemical industries. Its business also offers services to other critical industries including electrical infrastructure in power generation and delivery, as well as industrial markets such as ferrous and non-ferrous metals, fertilizer and material handling.
Type
Public
HQ
Tulsa, US
Founded
1984
Size (employees)
4,001 (est)
Matrix Service Company was founded in 1984 and is headquartered in Tulsa, US
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Key People/Management at Matrix Service Company

Alan Updyke

Alan Updyke

President
Frank Capristo

Frank Capristo

Vice President, Turnaround and 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 and Finance
Shawn Payne

Shawn Payne

Vice President, Business Services
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Matrix Service Company Office Locations

Matrix Service Company has an office in Tulsa
Tulsa, US (HQ)
5100 E Skelly Dr
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Matrix Service Company Financials and Metrics

Matrix Service Company Revenue

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Matrix Service Company's revenue was reported to be $1.20 b in FY, 2017 which is a 8.7% decrease from the previous period.
USD

Revenue (Q3, 2018)

798.5 m

Gross profit (Q3, 2018)

70.5 m

Gross profit margin (Q3, 2018), %

8.8%

Net income (Q3, 2018)

3.2 m

EBIT (Q3, 2018)

6.6 m

Market capitalization (18-Jul-2018)

515 m

Closing share price (18-Jul-2018)

19.2

Cash (31-Mar-2018)

46.9 m
Matrix Service Company's current market capitalization is $515 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.3 b1.3 b1.3 b1.2 b

Revenue growth, %

6%(2%)(9%)

Cost of goods sold

1.1 b1.3 b1.2 b1.1 b

Gross profit

136.5 m87.4 m126 m81 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

77.1 m79.2 m71.7 m43.8 m

Accounts Receivable

204.7 m199.1 m190.4 m211 m

Inventories

3 m2.8 m3.9 m3.7 m

Current Assets

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

Net Income

36.9 m(1.9 m)25.5 m138 m

Depreciation and Amortization

18.5 m23.5 m21.4 m21.6 b

Inventories

(11 k)272 k606 k198 k

Accounts Payable

29.2 m13 m14.7 m(37 m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

4.7 m(176 k)(13.1 m)9.7 m12.9 m16.4 m9.3 m14.6 m1.1 m3.8 m8.4 m3.2 m

Depreciation and Amortization

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

Inventories

39 k32 k170 k(90 k)85 k568 k168 k(259 k)9 k(532 k)(788 k)(1.6 m)

Accounts Payable

(17.5 m)(19.4 m)(23 m)(26.2 m)(16.7 m)(3.5 m)(13.6 m)(34.3 m)(45.7 m)(7.7 m)(34 m)(37.7 m)
USDY, 2018

Financial Leverage

1.6 x
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Matrix Service Company Operating Metrics

Matrix Service Company's Backlog was reported to be $725m in Q2, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Oct, 2017Q2, 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

Book-to-bill Ratio

90%120%100%

Facilities

39

Storage Facilities Capacity, million barrels

160 m
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Matrix Service Company 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 Company Revenue Breakdown

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Matrix Service Company revenue breakdown by business segment: 8.5% from Industrial, 40.2% from Storage Solutions, 20.1% from Oil Gas & Chemical and 31.2% from Electrical Infrastructure

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Matrix Service Company Online and Social Media Presence

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Matrix Service Company News and Updates

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Matrix Service Company Company Life and Culture

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