MTRX News & Events

Matrix Service announced that Delaware River Partners has awarded Matrix NAC the construction for balance of plant work supporting a 100,000 m3, dual service full containment storage tank allowing for storage of Liquid Ammonia or Liquid Propane Gas, LPG. This award, which was taken into backlog in the first quarter of fiscal 2026, follows a previous award for the inner steel tank scope of work, which was made in fiscal 2025.

The company said, "The Company reaffirmed its revenue guidance for fiscal year 2026, with full year revenue expected to be between $875 million to $925 million."

Reports Q1 revenue $211.88M, consensus $206.66M. Reports total backlog of $1.2B. "We delivered improved first quarter results, reflecting disciplined execution across an expanding base of projects in our Storage & Terminal Solutions and Utility & Power Infrastructure segments," said John Hewitt, President and Chief Executive Officer. "Our operational discipline is translating into improving consolidated margin performance, with direct gross margins aligned to our 10% target. We expect to recognize continued improvement as project activity accelerates."