$MTRX
MATRIX SERVICE CO Stock $mtrx

$mtrx Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000086627323000067 Filed on November 09, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$175.0M	$197.7M
YoY Change	-9.7%	-5.17%
Cost Of Revenue	$164.5M	$185.8M
YoY Change	-15.73%	-4.92%
Gross Profit	$10.59M	$11.86M
YoY Change	-913.29%	-8.83%
Gross Profit Margin	6.05%	6.0%
Selling, General & Admin	$15.73M	$17.11M
YoY Change	-10.34%	1.8%
% of Gross Profit	148.56%	144.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.782M	$2.911M
YoY Change	-21.3%	-20.07%
% of Gross Profit	26.27%	24.55%
Operating Expenses	$15.73M	$17.11M
YoY Change	-10.34%	1.8%
Operating Profit	-$5.142M	-$5.254M
YoY Change	-84.15%	3.22%
Interest Expense	$319.0K	$325.0K
YoY Change	-65.17%	-12.63%
% of Operating Profit
Other Income/Expense, Net	$2.454M	$2.262M
YoY Change	407.02%	-310.61%
Pretax Income	-$2.845M	-$3.167M
YoY Change	-91.33%	-51.37%
Income Tax	$6.000K	$0.00
% Of Pretax Income
Net Earnings	-$2.851M	-$3.167M
YoY Change	-91.32%	-51.37%
Net Earnings / Revenue	-1.63%	-1.6%
Basic Earnings Per Share	-$0.10	-$0.12
Diluted Earnings Per Share	-$0.10	-$0.12
COMMON SHARES
Basic Shares Outstanding	27.21M shares	27.21M shares
Diluted Shares Outstanding	27.38M shares	27.11M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$47.16M	$27.40M
YoY Change	49.89%	91.05%
Cash & Equivalents	$47.16M	$27.36M
Short-Term Investments
Other Short-Term Assets	$4.184M	$3.235M
YoY Change	-11.82%	-41.71%
Inventory	$8.441M	$9.153M
Prepaid Expenses	$8.470M	$10.14M
Receivables	$158.2M	$152.3M
Other Receivables	$449.0K	$500.0K
Total Short-Term Assets	$267.3M	$245.0M
YoY Change	-9.23%	-5.97%
LONG-TERM ASSETS
Property, Plant & Equipment	$42.49M	$45.03M
YoY Change	-16.17%	-12.84%
Goodwill	$29.13M	$29.06M
YoY Change	-2.02%	-30.68%
Intangibles	$2.202M	$2.635M
YoY Change	-43.98%	-39.62%
Long-Term Investments
YoY Change
Other Assets	$19.71M	$14.87M
YoY Change	90.44%	140.49%
Total Long-Term Assets	$137.5M	$137.2M
YoY Change	-4.26%	-8.7%
TOTAL ASSETS
Total Short-Term Assets	$267.3M	$245.0M
Total Long-Term Assets	$137.5M	$137.2M
Total Assets	$404.8M	$382.3M
YoY Change	-7.6%	-6.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$61.89M	$74.09M
YoY Change	-23.18%	8.08%
Accrued Expenses	$25.91M	$24.20M
YoY Change	-8.23%	-26.12%
Deferred Revenue	$117.3M	$73.13M
YoY Change	17.55%	37.25%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$205.1M	$171.4M
YoY Change	-1.67%	10.87%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$10.00M
YoY Change	-100.0%	-33.33%
Other Long-Term Liabilities	$2.178M	$1.776M
YoY Change	-90.57%	-91.14%
Total Long-Term Liabilities	$2.178M	$1.776M
YoY Change	-94.28%	-94.93%
TOTAL LIABILITIES
Total Short-Term Liabilities	$205.1M	$171.4M
Total Long-Term Liabilities	$2.178M	$1.776M
Total Liabilities	$225.9M	$203.2M
YoY Change	-8.41%	7.11%
SHAREHOLDERS EQUITY
Retained Earnings	$52.90M	$55.75M
YoY Change	-26.47%	-46.79%
Common Stock	$279.0K	$279.0K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$6.191M	$7.372M
YoY Change	-38.65%	-35.99%
Treasury Stock Shares
Shareholders Equity	$178.9M	$179.1M
YoY Change
Total Liabilities & Shareholders Equity	$404.8M	$382.3M
YoY Change	-7.6%	-6.97%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	-$2.851M	-$3.167M
YoY Change	-91.32%	-51.37%
Depreciation, Depletion And Amortization	$2.782M	$2.911M
YoY Change	-21.3%	-20.07%
Cash From Operating Activities	$29.61M	-$28.88M
YoY Change	67.81%	-18.04%
INVESTING ACTIVITIES
Capital Expenditures	$379.0K	$478.0K
YoY Change	-70.04%	-69.71%
Acquisitions
YoY Change
Other Investing Activities	$186.0K	$2.620M
YoY Change	588.89%	65400.0%
Cash From Investing Activities	-$193.0K	$2.140M
YoY Change	-84.41%	-235.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-9.955M	-$411.0K
YoY Change	-14121.13%	67.76%
NET CHANGE
Cash From Operating Activities	29.61M	-$28.88M
Cash From Investing Activities	-193.0K	$2.140M
Cash From Financing Activities	-9.955M	-$411.0K
Net Change In Cash	19.46M	-$27.45M
YoY Change	18.11%	-27.81%
FREE CASH FLOW
Cash From Operating Activities	$29.61M	-$28.88M
Capital Expenditures	$379.0K	$478.0K
Free Cash Flow	$29.23M	-$29.35M
YoY Change	78.46%	-20.25%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q3	us-gaap	Restructuring Charges RestructuringCharges	1287000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023Q3	dei	Amendment Flag AmendmentFlag	false
CY2023Q3	dei	Document Period End Date DocumentPeriodEndDate	2023-09-30
CY2023Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0	usd
CY2023Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	402000	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1061000	usd
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	60000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	60000000	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27888217	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27888217	shares
CY2023Q3	us-gaap	Shares Outstanding SharesOutstanding	27209838	shares
CY2023Q2	us-gaap	Shares Outstanding SharesOutstanding	27047318	shares
CY2023Q3	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	678379	shares
CY2023Q2	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	840899	shares
CY2023Q3	mtrx	Deferred Shares Issued DeferredSharesIssued	210243	shares
CY2022Q3	mtrx	Deferred Shares Issued DeferredSharesIssued	204827	shares
CY2023Q3	us-gaap	Stock Issued During Period Shares Employee Stock Purchase Plans StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans	7601	shares
CY2022Q3	us-gaap	Stock Issued During Period Shares Employee Stock Purchase Plans StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans	13033	shares
CY2023Q3	mtrx	Other Treasury Shares Acquired OtherTreasurySharesAcquired	55324	shares
CY2022Q3	mtrx	Other Treasury Shares Acquired OtherTreasurySharesAcquired	52864	shares
CY2023Q3	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q3	dei	Entity File Number EntityFileNumber	1-15461
CY2023Q3	dei	Entity Registrant Name EntityRegistrantName	MATRIX SERVICE CO
CY2023Q3	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q3	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01 per share
CY2023Q3	dei	Trading Symbol TradingSymbol	MTRX
CY2023Q3	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2023Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q3	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q3	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023Q3	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q3	dei	Entity Shell Company EntityShellCompany	false
CY2023Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	27213702	shares
CY2023Q3	us-gaap	Restructuring Charges RestructuringCharges	0	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-5254000	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-5090000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	325000	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	372000	usd
CY2023Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	150000	usd
CY2022Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	24000	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2262000	usd
CY2022Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1074000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3167000	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-6512000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-3167000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-6512000	usd
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.24
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.24
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	27113000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26862000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	27113000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26862000	shares
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-3167000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-6512000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1753000	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-3705000	usd
CY2022Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-8265000	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	27359000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	54812000	usd
CY2023Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	152300000	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	145764000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	42369000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	44888000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	9153000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	7437000	usd
CY2023Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	496000	usd
CY2023Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	496000	usd
CY2023Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	10136000	usd
CY2023Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	5741000	usd
CY2023Q3	us-gaap	Other Assets Current OtherAssetsCurrent	3235000	usd
CY2023Q2	us-gaap	Other Assets Current OtherAssetsCurrent	3118000	usd
CY2023Q3	us-gaap	Assets Current AssetsCurrent	245048000	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	262256000	usd
CY2023Q3	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	25000000	usd
CY2023Q2	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	25000000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	45027000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	47545000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	20641000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	21799000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	29055000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	29120000	usd
CY2023Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2635000	usd
CY2023Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3066000	usd
CY2023Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	14872000	usd
CY2023Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	11718000	usd
CY2023Q3	us-gaap	Assets Assets	382278000	usd
CY2023Q2	us-gaap	Assets Assets	400504000	usd
CY2023Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	74094000	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	76365000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	73133000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	85436000	usd
CY2023Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	11511000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	13679000	usd
CY2023Q3	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	5749000	usd
CY2023Q2	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	5579000	usd
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4281000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4661000	usd
CY2023Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	2641000	usd
CY2023Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1815000	usd
CY2023Q3	us-gaap	Liabilities Current LiabilitiesCurrent	171409000	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	187535000	usd
CY2023Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	25000	usd
CY2023Q2	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	26000	usd
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	19945000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	20660000	usd
CY2023Q3	us-gaap	Line Of Credit LineOfCredit	10000000	usd
CY2023Q2	us-gaap	Line Of Credit LineOfCredit	10000000	usd
CY2023Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1776000	usd
CY2023Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	799000	usd
CY2023Q3	us-gaap	Liabilities Liabilities	203155000	usd
CY2023Q2	us-gaap	Liabilities Liabilities	219020000	usd
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	279000	usd
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	279000	usd
CY2023Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	139773000	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	140810000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	55750000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	58917000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-9307000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-8769000	usd
CY2023Q3	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	186495000	usd
CY2023Q2	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	191237000	usd
CY2023Q3	us-gaap	Treasury Stock Value TreasuryStockValue	7372000	usd
CY2023Q2	us-gaap	Treasury Stock Value TreasuryStockValue	9753000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	179123000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	181484000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	382278000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	400504000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-3167000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-6512000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2911000	usd
CY2022Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3642000	usd
CY2023Q3	us-gaap	Share Based Compensation ShareBasedCompensation	1755000	usd
CY2022Q3	us-gaap	Share Based Compensation ShareBasedCompensation	2055000	usd
CY2023Q3	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	2366000	usd
CY2022Q3	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-65000	usd
CY2023Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-72000	usd
CY2022Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	25000	usd
CY2023Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	6543000	usd
CY2022Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-4622000	usd
CY2023Q3	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	-2519000	usd
CY2022Q3	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	14857000	usd
CY2023Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1716000	usd
CY2022Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1595000	usd
CY2023Q3	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	7669000	usd
CY2022Q3	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3370000	usd
CY2023Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-2173000	usd
CY2022Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-6376000	usd
CY2023Q3	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-12303000	usd
CY2022Q3	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-11820000	usd
CY2023Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-195000	usd
CY2022Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-4248000	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-28875000	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-35229000	usd
CY2023Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	478000	usd
CY2022Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1578000	usd
CY2023Q3	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	2618000	usd
CY2022Q3	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	4000	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2140000	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1574000	usd
CY2023Q3	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	45000	usd
CY2022Q3	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	65000	usd
CY2023Q3	us-gaap	Payments For Repurchase Of Other Equity PaymentsForRepurchaseOfOtherEquity	456000	usd
CY2022Q3	us-gaap	Payments For Repurchase Of Other Equity PaymentsForRepurchaseOfOtherEquity	310000	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-411000	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-245000	usd
CY2023Q3	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-307000	usd
CY2022Q3	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-981000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-27453000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-38029000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	79812000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	77371000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	52359000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	39342000	usd
CY2023Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-27000	usd
CY2022Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
CY2023Q3	us-gaap	Interest Paid Net InterestPaidNet	389000	usd
CY2022Q3	us-gaap	Interest Paid Net InterestPaidNet	421000	usd
CY2023Q3	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	6000	usd
CY2022Q3	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	101000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	181484000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-3167000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-538000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	0	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	45000	usd
CY2023Q3	mtrx	Other Treasury Share Purchases OtherTreasurySharePurchases	456000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1755000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	179123000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-6512000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1753000	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	0	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	0	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	65000	usd
CY2022Q3	mtrx	Other Treasury Share Purchases OtherTreasurySharePurchases	310000	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2055000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	221251000	usd
CY2023Q3	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	376500000	usd
CY2023Q3	mtrx	Performanceobligationstoberecognizedasrevenuewithinnexttwelvemonths Performanceobligationstoberecognizedasrevenuewithinnexttwelvemonths	293100000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	42369000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	44888000	usd
CY2023Q3	mtrx	Changein Cie ChangeinCIE	-2519000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	73133000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	85436000	usd
CY2023Q3	mtrx	Changein Bie ChangeinBIE	12303000	usd
CY2023Q3	mtrx	Contractwithcustomercurrentliabilitynet Contractwithcustomercurrentliabilitynet	-30764000	usd
CY2023Q2	mtrx	Contractwithcustomercurrentliabilitynet Contractwithcustomercurrentliabilitynet	-40548000	usd
CY2023Q3	mtrx	Changeinnetcontractbalances Changeinnetcontractbalances	9784000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	62900000	usd
CY2023Q3	us-gaap	Construction Contractor Receivable Retainage Year One ConstructionContractorReceivableRetainageYearOne	15200000	usd
CY2023Q2	us-gaap	Construction Contractor Receivable Retainage Year One ConstructionContractorReceivableRetainageYearOne	16300000	usd
CY2023Q3	us-gaap	Construction Contractor Receivable Retainage After Year One ConstructionContractorReceivableRetainageAfterYearOne	13400000	usd
CY2023Q2	us-gaap	Construction Contractor Receivable Retainage After Year One ConstructionContractorReceivableRetainageAfterYearOne	10000000	usd
CY2023Q3	us-gaap	Unapproved Change Orders Amount UnapprovedChangeOrdersAmount	10100000	usd
CY2023Q2	us-gaap	Unapproved Change Orders Amount UnapprovedChangeOrdersAmount	9700000	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	197659000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	208431000	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	197659000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	208431000	usd
CY2023Q3	us-gaap	Line Of Credit Facility Initiation Date1 LineOfCreditFacilityInitiationDate1	2021-09-09
CY2023Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	90000000	usd
CY2023Q3	us-gaap	Line Of Credit Facility Increase Decrease For Period Net LineOfCreditFacilityIncreaseDecreaseForPeriodNet	15000000	usd
CY2023Q3	us-gaap	Compensating Balance Amount CompensatingBalanceAmount	25000000	usd
CY2023Q3	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2026-09-09
CY2023Q3	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	72900000	usd
CY2023Q3	us-gaap	Line Of Credit LineOfCredit	10000000	usd
CY2023Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	10000000	usd
CY2023Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	52900000	usd
CY2023Q3	mtrx	Asset Backed Credit Facility Adjusted Term Sofr One Month Add On AssetBackedCreditFacilityAdjustedTermSOFROneMonthAddOn	11.448
CY2023Q3	mtrx	Asset Backed Credit Facility Adjusted Term Sofr Three Month Add On AssetBackedCreditFacilityAdjustedTermSOFRThreeMonthAddOn	26.161
CY2023Q3	mtrx	Asset Backed Credit Facility Federal Funds Rate Addition AssetBackedCreditFacilityFederalFundsRateAddition	0.0050
CY2023Q3	mtrx	Asset Backed Credit Facility Adjusted Term Sofr Rate Minimum AssetBackedCreditFacilityAdjustedTermSOFRRateMinimum	0.0100
CY2023Q3	mtrx	Alternate Base Rate Margin AlternateBaseRateMargin	0.0100
CY2023Q3	mtrx	Line Of Credit Basis Spread On Alternate Base Rate Minimum LineOfCreditBasisSpreadOnAlternateBaseRateMinimum	0.0100
CY2023Q3	mtrx	Line Of Credit Basis Spread On Alternate Base Rate Maximum LineOfCreditBasisSpreadOnAlternateBaseRateMaximum	0.0150
CY2023Q3	mtrx	Additional Margin On Adjusted Term Sofr Minimum AdditionalMarginOnAdjustedTermSOFRMinimum	0.0200
CY2023Q3	mtrx	Additional Margin On Adjusted Term Sofr Maximum AdditionalMarginOnAdjustedTermSOFRMaximum	0.0250
CY2023Q3	us-gaap	Line Of Credit Facility Unused Capacity Commitment Fee Percentage LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage	0.0025
CY2023Q3	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.0768
CY2023Q3	mtrx	Mtrx Asset Backed Lineof Credit Balance Limitfor Fixed Charge Coverage Ratio MtrxAssetBackedLineofCreditBalanceLimitforFixedChargeCoverageRatio	15000000	usd
CY2023Q3	mtrx	Mtrx Asset Backed Lineof Credit Percentage Limitfor Fixed Charge Coverage Ratio MtrxAssetBackedLineofCreditPercentageLimitforFixedChargeCoverageRatio	0.1500
CY2023Q3	mtrx	Asset Backed Credit Facility Fixed Charge Coverage Ratio Requirement Minimum AssetBackedCreditFacilityFixedChargeCoverageRatioRequirementMinimum	1.00
CY2023Q3	mtrx	Asset Backed Credit Facility Fixed Charge Coverage Ratio Requirement Maximum AssetBackedCreditFacilityFixedChargeCoverageRatioRequirementMaximum	1.00
CY2023Q3	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	200000	usd
CY2022Q3	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	1400000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-3167000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-6512000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	27113000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26862000	shares
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.24
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-3167000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-6512000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	27113000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26862000	shares
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.24
CY2023Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	231	shares
CY2022Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	95	shares
CY2023Q3	mtrx	Grossrevenues Grossrevenues	198512000	usd
CY2022Q3	mtrx	Grossrevenues Grossrevenues	208905000	usd
CY2023Q3	us-gaap	Revenues Revenues	197659000	usd
CY2022Q3	us-gaap	Revenues Revenues	208431000	usd
CY2023Q3	us-gaap	Gross Profit GrossProfit	11859000	usd
CY2022Q3	us-gaap	Gross Profit GrossProfit	13008000	usd
CY2023Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	17113000	usd
CY2022Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	16811000	usd
CY2023Q3	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	0	usd
CY2022Q3	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	1287000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-5254000	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-5090000	usd
CY2023Q3	us-gaap	Assets Assets	382278000	usd
CY2023Q2	us-gaap	Assets Assets	400504000	usd

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
mtrx-20230930_cal.xml	Edgar Link	unprocessable
0000866273-23-000067-index-headers.html	Edgar Link	pending
0000866273-23-000067-index.html	Edgar Link	pending
0000866273-23-000067.txt	Edgar Link	pending
0000866273-23-000067-xbrl.zip	Edgar Link	pending
exhibit311-mtrxx2023x9x30x.htm	Edgar Link	pending
exhibit312-mtrxx2023x9x30x.htm	Edgar Link	pending
exhibit321-mtrxx2023x9x30x.htm	Edgar Link	pending
exhibit322-mtrxx2023x9x30x.htm	Edgar Link	pending
exhibit95-mtrxx2023x9x30x.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mtrx-20230930.htm	Edgar Link	pending
mtrx-20230930.xsd	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
mtrx-20230930_def.xml	Edgar Link	unprocessable
mtrx-20230930_lab.xml	Edgar Link	unprocessable
mtrx-20230930_pre.xml	Edgar Link	unprocessable
mtrx-20230930_htm.xml	Edgar Link	completed

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$MTRX
MATRIX SERVICE CO Stock $mtrx

2023 Q4 Form 10-Q Financial Statement

#000086627323000067 Filed on November 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTRX MATRIX SERVICE CO Stock $mtrx

2023 Q4 Form 10-Q Financial Statement

#000086627323000067 Filed on November 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MTRX
MATRIX SERVICE CO Stock $mtrx