Short answer
MATRIX SERVICE CO (MTRX) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $207M (up 3.3% year over year) with net income of $835,000.
Q1 2026 key financials · XBRL
- Revenue
- $207M
- +3.3% YoY · −1.8% QoQ
- Net income
- $835,000
- +124.3% YoY · +193.4% QoQ
- Operating margin
- -0.5%
- Gross margin
- 8.3%
- EPS (diluted)
- $0.03
- +123.1% YoY · +200.0% QoQ
Source: XBRL data from the MATRIX SERVICE CO (MTRX) Q1 2026 10-Q on SEC EDGAR. USD.
MATRIX SERVICE CO Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $206.7M, up 3% YoY from $200.2M, driven by Storage and Terminal Solutions
- Gross margin 8.3% vs 6.4% YoY; net income $0.8M vs net loss $3.4M
- Best segment Storage and Terminal Solutions, $111.6M revenue; worst Process and Industrial Facilities, $35.1M revenue
- Backlog $1.03B, down from $1.13B at December 31, 2025; quarterly awards $108.3M
- Outlook: continued revenue and profitability growth focus amid overhead absorption and cost-structure headwinds
Risk Factors
- No risk-factors section provided; supplied text covers Items 2–6 rather than changes from the 10-K
- ABL Facility restricts annual share repurchases to $2.5 million, subject to availability thresholds and covenant compliance
- No cash dividends permitted under the ABL Facility, except stock dividends
- Mine Safety Act compliance applies because construction services at mine sites classify Matrix as an operator
- CFO trading plan permits sales of up to 120,000 shares through October 1, 2027
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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