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 2020)2,900(-42%)
Revenue (FY, 2020)$1.1 B(-22%)
Share Price (Nov 2020)$8.9
Cybersecurity ratingAMore

Key People/Management at Matrix Service Company

Alan Updyke

Alan Updyke

Chief Operating Officer
John R. Hewitt

John R. Hewitt

President and Chief Executive Officer
Kevin S. Cavanah

Kevin S. Cavanah

Chief Financial Officer
Nancy E. Austin

Nancy E. Austin

Vice President and Chief Administrative Officer
Quinton Beasley

Quinton Beasley

Vice President, Accounting
Rick J. Bennett

Rick J. Bennett

Vice President and Chief Information Officer
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Matrix Service Company Office Locations

Matrix Service Company has offices in Tulsa, Alton, Bellingham, Catoosa and in 20 other locations
Tulsa, US (HQ)
5100 E Skelly Dr
Alton, US
3403 E Broadway
Bellingham, US
3810 Bakerview Spur
Bellingham, US
4041 Bakerview Spur
Catoosa, US
1105 W Main Pkwy
Catoosa, US
1107 W Main Pkwy
Show all (29)

Matrix Service Company Financials and Metrics

Matrix Service Company Revenue

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Matrix Service Company's revenue was reported to be $1.10 b in FY, 2020
USD

Revenue (Q1, 2021)

182.8m

Gross profit (Q1, 2021)

14.4m

Gross profit margin (Q1, 2021), %

7.9%

Net income (Q1, 2021)

(3.0m)

EBIT (Q1, 2021)

(3.5m)

Market capitalization (12-Nov-2020)

236.1m

Closing stock price (12-Nov-2020)

8.9

Cash (30-Sept-2020)

82.2m

EV

188.7m
Matrix Service Company's current market capitalization is $236.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.2b1.1b1.4b1.1b

Revenue growth, %

(9%)(9%)30%

Cost of goods sold

1.1b999.6m1.3b998.8m

Gross profit

81.0m91.9m132.0m102.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

269.9m282.9m245.6m318.5m340.6m358.9m338.1m318.7m248.3m182.8m

Cost of goods sold

241.0m256.2m230.8m295.1m312.7m322.0m305.6m288.7m227.9m168.4m

Gross profit

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

Gross profit Margin, %

11%9%6%7%8%10%10%9%8%8%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

43.8m64.1m89.7m100.0m

Accounts Receivable

211.0m203.4m218.4m160.7m

Inventories

3.7m5.2m8.0m6.5m

Current Assets

358.6m357.0m417.3m335.2m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

138.0m(11.5m)28.0m(33.1m)

Depreciation and Amortization

21.6b20.3m18.2m19.1m

Inventories

198.0k(1.4m)(2.9m)1.6m

Accounts Payable

(37.0m)(25.9m)32.7m(38.9m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

3.8m8.4m3.2m2.3m6.2m15.2m6.2m(21.9m)(27.4m)(3.0m)

Depreciation and Amortization

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

Inventories

(532.0k)(788.0k)(1.6m)(1.4m)(2.8m)(3.5m)456.0k832.0k279.0k(291.0k)

Accounts Payable

(7.7m)(34.0m)(37.7m)15.3m8.6m30.1m(15.2m)(38.2m)(35.1m)(4.4m)
USDFY, 2017

Revenue/Employee

299.3k

Debt/Equity

0.1 x

Debt/Assets

0.1 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

100/100

SecurityScorecard logo

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 Alan Updyke, John R. Hewitt and Kevin S. Cavanah.

  • How many employees does Matrix Service Company have?

    Matrix Service Company has 2,900 employees.

  • What is Matrix Service Company revenue?

    Latest Matrix Service Company annual revenue is $1.1 b.

  • What is Matrix Service Company revenue per employee?

    Latest Matrix Service Company revenue per employee is $379.6 k.

  • Who are Matrix Service Company competitors?

    Competitors of Matrix Service Company include NAES, AZCO and Daelim Industrial.

  • 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, Bellingham, Catoosa and in 20 other locations.

  • How many offices does Matrix Service Company have?

    Matrix Service Company has 29 offices.