• Matrix Service returned to profit in fiscal third-quarter 2026, posting net income of USD 835,000 versus a net loss of USD 3.43 million a year earlier.
• Revenue rose 3% to USD 206.71 million, while gross margin widened 1.9 percentage points to 8.3%.
• SG&A expenses fell 14% to USD 15.22 million, while restructuring costs increased to USD 2.99 million.
• Backlog declined to USD 1.03 billion as of March 31, 2026, with quarterly book-to-bill of 0.5x.
• Management said it is taking additional cost actions in fiscal fourth-quarter 2026, including workforce reductions and elimination of the Chief Administrative Officer role, while CFO Kevin Cavanah is expected to depart in September 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matrix Service Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000866273-26-000029), on May 07, 2026, and is solely responsible for the information contained therein.