Matrix Service Company 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.
TypePublic
HQTulsa, US
Founded1984
Size (employees)4,001 (est)
Websitematrixservice.com
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 offices in Mascot, Paju-si, Tulsa, Tucson 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 Company Financials and Metrics

Matrix Service Company Revenue

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Matrix Service Company's revenue was reported to be $1.09 b in FY, 2018
USD

Revenue (FY, 2018)

1.1 b

Gross profit (FY, 2018)

91.9 m

Gross profit margin (FY, 2018), %

8.4%

Net income (FY, 2018)

(11.5 m)

EBIT (FY, 2018)

(10.5 m)

Market capitalization (20-Sep-2018)

677.9 m

Closing stock price (20-Sep-2018)

25.1

Cash (30-Jun-2018)

64.1 m
Matrix Service Company's current market capitalization is $677.9 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

Revenue growth, %

6%(2%)(9%)

Cost of goods sold

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

Gross profit

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

Cash

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

Accounts Receivable

204.7 m199.1 m190.4 m211 m

Inventories

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

Current Assets

375.5 m373.5 m375.4 m358.6 m357 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 m189.2 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, 2017FY, 2018

Net Income

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

Depreciation and Amortization

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

Inventories

(11 k)272 k606 k198 k(1.4 m)

Accounts Payable

29.2 m13 m14.7 m(37 m)(25.9 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

Revenue/Employee

272.8 k

Financial Leverage

1.8 x
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Matrix Service Company Operating Metrics

Matrix Service Company'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 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

Matrix Service Company revenue breakdown by geographic segment: 80.3% from United States, 19.1% from Canada and 0.7% from Other

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Matrix Service Company Online and Social Media Presence

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Matrix Service Company News and Updates

Matrix Service Company Sets Date to Discuss Results for Fourth Quarter and Fiscal Year Ended June 30, 2018

TULSA, Okla., Aug. 20, 2018 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) will announce results for the Fourth quarter and Fiscal Year Ended June 30, 2018, and provide guidance for Fiscal 2019 on Monday, September 10, 2018 after the market closes.  The release will be followed by a con…
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Matrix Service Company Company Life and Culture

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