$491.6 M

MTRX Mkt cap, 14-Dec-2018

$318.5 M

Matrix Service Revenue Q1, 2019
Matrix Service Gross profit (Q1, 2019)23.4 M
Matrix Service Gross profit margin (Q1, 2019), %7.4%
Matrix Service Net income (Q1, 2019)2.3 M
Matrix Service EBIT (Q1, 2019)2.2 M
Matrix Service Cash, 30-Sep-201874.7 M

Matrix Service Revenue

Matrix Service revenue was $1.09 b in FY, 2018 which is a 8.8% year over year decrease from the previous period.

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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

Matrix Service Income Statement

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

Gross profit Margin, %

11%7%10%7%8%

General and administrative expense

77.9m78.6m85.1m76.1m84.4m

Operating expense total

77.9m78.6m85.1m76.1m84.4m

EBIT

58.6m8.8m40.9m4.9m(10.5m)

EBIT margin, %

5%1%3%0%(1%)

Interest expense

1.4m1.2m852.0k2.2m2.6m

Interest income

112.0k468.0k190.0k132.0k381.0k

Pre tax profit

56.8m8.2m39.7m2.4m(12.1m)

Income tax expense

19.9m10.1m14.1m2.3m(668.0k)

Net Income

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

Matrix Service Balance Sheet

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

PP&E

89.2m85.1m84.7m80.3m72.6m

Goodwill

69.8m71.5m78.3m113.5m96.2m

Total Assets

568.9m561.7m565.0m586.0m558.0m

Accounts Payable

111.9m125.8m141.4m105.6m79.4m

Current Liabilities

269.9m267.1m246.0m219.0m238.5m

Long-term debt

11.6m8.8m44.7m

Total Debt

11.6m8.8m44.7m

Total Liabilities

286.6m277.1m249.4m264.2m239.2m

Common Stock

279.0k279.0k279.0k279.0k279.0k

Additional Paid-in Capital

119.8m123.0m127.0m128.4m132.2m

Retained Earnings

177.2m194.4m223.3m223.0m211.5m

Total Equity

282.3m284.6m315.6m321.8m318.8m

Debt to Equity Ratio

0 x0 x0.1 x

Debt to Assets Ratio

0 x0 x0.1 x

Financial Leverage

2 x2 x1.8 x1.8 x1.8 x

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

PP&E

88.6m87.2m85.8m84.0m82.8m87.3m82.4m81.3m82.0m39.4m76.2m74.4m71.5m

Goodwill

72.1m72.2m71.4m70.9m70.6m78.8m78.3m113.0m113.2m113.9m113.8m113.6m93.5m

Total Assets

548.3m566.1m579.0m536.6m572.1m549.6m569.2m635.8m580.3m572.5m557.9m539.2m587.2m

Accounts Payable

95.2m93.2m90.5m99.8m109.3m122.9m127.7m108.3m97.3m90.9m71.3m67.6m94.8m

Current Liabilities

246.0m265.8m287.9m217.5m258.0m233.1m224.1m230.3m215.1m199.5m169.9m194.4m261.1m

Total Liabilities

261.7m284.3m303.3m234.5m267.2m239.8m244.7m306.0m260.1m244.0m222.3m207.3m264.4m

Common Stock

279.0k279.0k279.0k279.0k279.0k279.0k279.0k279.0k279.0k279.0k279.0k279.0k

Additional Paid-in Capital

120.1m119.9m121.5m124.1m124.2m125.7m124.5m124.7m126.5m127.5m128.2m130.3m129.9m

Retained Earnings

183.2m186.4m183.5m204.3m209.8m214.1m232.5m237.7m223.9m226.8m231.3m226.2m213.8m

Total Equity

286.6m281.8m275.7m302.0m304.9m309.9m324.5m329.8m320.2m328.4m335.6m331.9m322.8m

Financial Leverage

1.9 x2 x2.1 x1.8 x1.9 x1.8 x1.8 x1.9 x1.8 x1.7 x1.7 x1.6 x1.8 x

Matrix Service Cash Flow

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

Accounts Receivable

(31.4m)6.8m4.2m(11.9b)5.5m

Inventories

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

Accounts Payable

29.2m13.0m14.7m(37.0m)(25.9m)

Cash From Operating Activities

77.0m26.2m33.6m(18.7m)74.7m

Purchases of PP&E

(23.6m)(15.8m)(13.9m)(11.9m)(8.7m)

Cash From Investing Activities

(74.6m)(20.6m)(26.6m)(51.4m)(9.3m)

Short-term Borrowings

(657.0k)(2.8m)(8.8m)(1.1m)

Long-term Borrowings

(82.3m)(130.2m)

Cash From Financing Activities

12.2m(1.0m)(13.8m)42.7m(45.3m)

Net Change in Cash

13.4m2.1m(7.6m)(27.9m)20.3m

Interest Paid

1.2m1.3m881.0k1.8m2.7m

Income Taxes Paid

19.2m7.0m9.4m12.0m1.4m

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

Accounts Receivable

30.4m(9.2m)17.4m16.2m(13.8m)23.7m(40.6m)(49.0m)(23.5m)(7.7m)25.5m19.8m(11.3m)

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

Cash From Operating Activities

5.1m5.4m37.0m(14.4m)9.7m24.5m(49.6m)(30.9m)(25.6m)6.8m29.6m45.9m8.8m

Purchases of PP&E

(3.7m)(7.7m)(11.1m)(3.9m)(7.5m)(11.7m)(1.8m)(4.2m)(8.5m)(1.9m)(4.1m)(6.1m)(2.5m)

Cash From Investing Activities

(8.8m)(13.0m)(16.0m)(3.8m)(7.4m)(24.5m)(1.7m)(43.8m)(48.1m)(1.6m)(5.3m)(7.0m)

Short-term Borrowings

(277.0k)(1.7m)168.0k(822.0k)

Long-term Borrowings

(4.3m)(9.6m)(10.0m)(29.7m)(62.0m)(27.5m)(79.4m)(120.9m)

Cash From Financing Activities

(279.0k)(42.0k)6.1m9.5m3.0m(5.1m)15.4m70.4m42.4m(3.3b)5.4m(36.3m)180.0k

Net Change in Cash

(4.4m)(8.5m)26.1m(10.1m)3.2m(5.8m)(36.1m)(5.4m)(32.0m)2.3m30.3m3.1m

Interest Paid

524.0k748.0k1.0m311.0k521.0k789.0k238.0k399.0k1.3m582.0k1.3m2.1m456.0k

Income Taxes Paid

(2.0m)5.9m6.7m1.7m9.1m9.2m3.0m8.4m11.7m98.0k665.0k1.2m66.0k

Matrix Service Ratios

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 Employee Rating

3.462 votes
Culture & Values
3.0
Work/Life Balance
2.7
Senior Management
2.6
Salary & Benefits
3.1
Career Opportunities
3.2
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