$MTRX
MATRIX SERVICE CO

2024 Q1 Form 10-Q Financial Statement

#000086627324000007 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $166.0M $175.0M
YoY Change -11.17% -9.7%
Cost Of Revenue $160.4M $164.5M
YoY Change -12.08% -15.73%
Gross Profit $5.578M $10.59M
YoY Change 26.23% -913.29%
Gross Profit Margin 3.36% 6.05%
Selling, General & Admin $19.95M $15.73M
YoY Change 18.3% -10.34%
% of Gross Profit 357.62% 148.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.645M $2.782M
YoY Change -20.38% -21.3%
% of Gross Profit 47.42% 26.27%
Operating Expenses $19.95M $15.73M
YoY Change 18.3% -10.34%
Operating Profit -$14.37M -$5.142M
YoY Change 12.63% -84.15%
Interest Expense $143.0K $319.0K
YoY Change -46.64% -65.17%
% of Operating Profit
Other Income/Expense, Net -$235.0K $2.454M
YoY Change 102.59% 407.02%
Pretax Income -$14.58M -$2.845M
YoY Change 11.76% -91.33%
Income Tax -$2.000K $6.000K
% Of Pretax Income
Net Earnings -$14.58M -$2.851M
YoY Change 14.94% -91.32%
Net Earnings / Revenue -8.78% -1.63%
Basic Earnings Per Share -$0.53 -$0.10
Diluted Earnings Per Share -$0.53 -$0.10
COMMON SHARES
Basic Shares Outstanding 27.30M shares 27.21M shares
Diluted Shares Outstanding 27.44M shares 27.38M shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.66M $47.16M
YoY Change 44.51% 49.89%
Cash & Equivalents $69.66M $47.16M
Short-Term Investments
Other Short-Term Assets $0.00 $4.184M
YoY Change -100.0% -11.82%
Inventory $9.057M $8.441M
Prepaid Expenses $6.606M $8.470M
Receivables $172.9M $158.2M
Other Receivables $325.0K $449.0K
Total Short-Term Assets $293.2M $267.3M
YoY Change 2.95% -9.23%
LONG-TERM ASSETS
Property, Plant & Equipment $44.71M $42.49M
YoY Change -11.54% -16.17%
Goodwill $29.06M $29.13M
YoY Change -2.19% -2.02%
Intangibles $1.925M $2.202M
YoY Change -44.98% -43.98%
Long-Term Investments
YoY Change
Other Assets $28.23M $19.71M
YoY Change 195.82% 90.44%
Total Long-Term Assets $146.8M $137.5M
YoY Change 4.0% -4.26%
TOTAL ASSETS
Total Short-Term Assets $293.2M $267.3M
Total Long-Term Assets $146.8M $137.5M
Total Assets $440.0M $404.8M
YoY Change 3.3% -7.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.19M $61.89M
YoY Change -15.76% -23.18%
Accrued Expenses $29.40M $25.91M
YoY Change 4.4% -8.23%
Deferred Revenue $167.7M $117.3M
YoY Change 46.13% 17.55%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $252.2M $205.1M
YoY Change 21.04% -1.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $3.982M $2.178M
YoY Change 409.21% -90.57%
Total Long-Term Liabilities $3.982M $2.178M
YoY Change 409.21% -94.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $252.2M $205.1M
Total Long-Term Liabilities $3.982M $2.178M
Total Liabilities $274.2M $225.9M
YoY Change 11.49% -8.41%
SHAREHOLDERS EQUITY
Retained Earnings $38.32M $52.90M
YoY Change -35.33% -26.47%
Common Stock $279.0K $279.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.136M $6.191M
YoY Change -37.95% -38.65%
Treasury Stock Shares
Shareholders Equity $165.8M $178.9M
YoY Change
Total Liabilities & Shareholders Equity $440.0M $404.8M
YoY Change 3.3% -7.6%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$14.58M -$2.851M
YoY Change 14.94% -91.32%
Depreciation, Depletion And Amortization $2.645M $2.782M
YoY Change -20.38% -21.3%
Cash From Operating Activities $24.84M $29.61M
YoY Change 24.26% 67.81%
INVESTING ACTIVITIES
Capital Expenditures $4.830M $379.0K
YoY Change 43.37% -70.04%
Acquisitions
YoY Change
Other Investing Activities $2.729M $186.0K
YoY Change 3354.43% 588.89%
Cash From Investing Activities -$2.101M -$193.0K
YoY Change -36.14% -84.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 41.00K -9.955M
YoY Change -35.94% -14121.13%
NET CHANGE
Cash From Operating Activities 24.84M 29.61M
Cash From Investing Activities -2.101M -193.0K
Cash From Financing Activities 41.00K -9.955M
Net Change In Cash 22.78M 19.46M
YoY Change 35.89% 18.11%
FREE CASH FLOW
Cash From Operating Activities $24.84M $29.61M
Capital Expenditures $4.830M $379.0K
Free Cash Flow $20.01M $29.23M
YoY Change 20.39% 78.46%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26999000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27314000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26916000 shares
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.46
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-2851000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-32827000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6018000 usd
us-gaap Net Income Loss
NetIncomeLoss
-39339000 usd
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27377000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26999000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27314000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26916000 shares
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.46
CY2023Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
949 shares
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
34 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
757 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
65 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023Q4 us-gaap Revenues
Revenues
175042000 usd
CY2022Q4 us-gaap Revenues
Revenues
193840000 usd
us-gaap Revenues
Revenues
372701000 usd
us-gaap Revenues
Revenues
402271000 usd
CY2023Q4 us-gaap Gross Profit
GrossProfit
10589000 usd
CY2022Q4 us-gaap Gross Profit
GrossProfit
-1302000 usd
us-gaap Gross Profit
GrossProfit
22448000 usd
us-gaap Gross Profit
GrossProfit
11706000 usd
CY2023Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15731000 usd
CY2022Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
17545000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32844000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
34356000 usd
CY2023Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0 usd
CY2022Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
13594000 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
14881000 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-5142000 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-32441000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-10396000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-37531000 usd
CY2023Q4 us-gaap Assets
Assets
404834000 usd
CY2023Q2 us-gaap Assets
Assets
400504000 usd
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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