Matrix Service (NASDAQ:MTRX) reported fourth-quarter financial results on Thursday. The transcript from the company's fourth-quarter earnings call has been provided below.
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The full earnings call is available at https://edge.media-server.com/mmc/p/iaonjazk/
Summary
Matrix Service reported a return to profitability in fiscal 2026, with a 14% revenue growth and a 210 basis point improvement in gross margin, leading to an adjusted EPS of $0.26.
The company highlighted its strategic framework 'WIN, Execute, Deliver' aimed at sustainable profitability, operational excellence, and growth in both legacy and emerging markets.
Matrix Service completed significant projects, like the Brunswick Greensville Storage Facility, and expanded its backlog with new awards, including a project for America's first new major refinery in over 50 years.
The company's fourth-quarter revenue increased by 13%, with improvements in gross profit and margins across various segments, despite a decrease in Process and Industrial Facilities revenue.
Matrix Service ended the quarter with a strong liquidity position of $283.9 million and no debt, and is considering a stock buyback due to its financial strength.
Management acknowledged past performance issues but emphasized ongoing improvements and strategic initiatives to unlock the company's full potential.
The company is restructuring its leadership with an interim CFO as it searches for a permanent replacement, which impacts its decision to withhold future guidance until the new CFO is appointed.
Full Transcript
OPERATOR (Operator)
Good morning and welcome to the Matrix Service conference call to discuss the results for the fourth quarter of fiscal 2026. Currently, all participants are in a listen-only mode. Later we will conduct a question-and-answer session, and instructions will be given at that time. As a reminder, this conference call is being recorded. I would like to turn the conference over to Mr. Patrick Roberts, Director of Corporate Development and Investor Relations for Matrix Service.
Please go ahead.
Patrick Roberts, Director of Corporate Development and Investor Relations
Welcome to Matrix Service's fourth quarter fiscal 2026 earnings call. Participants on today's call include Chief Executive Officer Sean Peng and Chief Financial Officer Kevin Kavanaugh. Following our prepared remarks, we will open the call up for questions. The presentation materials referred to during the webcast today can be found under Events and Presentations on the Investor Relations section of matrixservicecompany.com. As a reminder, on today's call we may make various remarks about future expectations, plans, and prospects for Matrix Service that constitute forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements because of various factors, including those discussed in our most recent Annual Report on Form 10-K and in subsequent filings made by the Company with the SEC. The forward-looking statements made today are effective only as of today. To the extent we utilize non-GAAP measures, reconciliations will be provided in various press releases, periodic SEC filings, and on our website.
Before we get started, I want to share a project highlight that also illustrates our commitment to safety and quality. This is one of four air raises that Matrix has safely completed in the last four months, each supporting infrastructure for different fuels and feedstocks including LNG, ethane, liquid propane gas, ammonia, and butane. An air raise is a complex process that uses air pressure to safely lift and position a large steel dome roof, the weight of which can be well over 1,000,000 pounds.
This is a pivotal step in the construction of the storage tank. The project being highlighted here is for Dominion Energy's Brunswick Greensville Storage Facility, which is a greenfield project for Matrix and supports the Brunswick County and Greensville County power stations. The project features a 25-million-gallon, full-containment LNG storage tank providing backup fuel supply for 700,000 businesses and homes. Projects like these are core to our mission of supporting major energy companies, advancing American infrastructure, and connecting U.S. energy to the world. The successful execution of these consecutive airlifts on complex, high-profile projects highlights Matrix's technical expertise, commitment to safety, and dedication to delivering exceptional outcomes for our clients and the communities that rely on these critical assets. I will now turn the call over to Sean.
UNKNOWN, President and CEO
Thank you, Patrick. It is a privilege to address you as President and Chief Executive Officer of Matrix Service. I am grateful for the confidence of our Board of Directors and excited to lead the company into its next chapter. As I begin this role, I also want to recognize and thank our dedicated employees in the field and across our offices. Your commitment to safety, quality, and execution is the foundation of everything we do and the driving force behind our success.
Throughout my 30-year career in the industrial engineering and construction industry, I've had the privilege of leading high-performing operations, project controls, and finance teams, helping deliver complex projects, improving organizational performance, creating lasting value for customers and stakeholders. Those experiences have given me a genuine understanding of what good looks like and a deep appreciation for the characteristics required to achieve it.
They have reinforced my belief that sustainable success is built on exceptional people, a strong culture, operational excellence, customer focus, and an unwavering commitment to the safety and well-being of everyone involved. These are the very same characteristics that have defined Matrix for decades and helped establish our reputation as a leading heavy industrial contractor that engineers, constructs, and maintains the critical infrastructure that supports industries and communities across North America.
While those characteristics have shaped our history, they are equally important to our future and provide the foundation from which we will continue to grow and evolve. As the needs of our clients continue to develop, we are evolving alongside them, expanding our capabilities, strengthening our expertise, and reinforcing our position as a trusted partner in the markets we serve. Today, our expertise, brand, and reputation provide a distinct advantage as many of our core and emerging markets are experiencing generational levels of investment.
But I want to recognize that while Matrix has long been well positioned to benefit from these opportunities, our past performance has not always reflected the strength of our capabilities or the opportunities before us. The company has yet to unlock its full potential and we have more work to do. In 2025, the Board and Executive leadership tasked me with bringing a fresh perspective to the organization, first as President of Engineering and Construction and then as Chief Operating Officer.
Together with an enterprise-wide team, we established a strategic framework: WIN, Execute, Deliver. This comprehensive business strategy addresses growth, revenue diversification, operational excellence, accountability, and organizational effectiveness, ultimately delivering sustainable profitability and value to our shareholders. More than just a list of goals or business as usual, this framework represents a deliberate shift towards a culture of consistent performance, excellence, and value creation.
While we still have work to do, we've accomplished a lot in a relatively short period of time. Once our strategy was defined, we ensured the organization was properly sized and structured to support its successful execution. Recognizing our overhead had been built to support a larger anticipated revenue base, we took decisive action to streamline and flatten the organization, establishing a more sustainable cost structure that increased our speed to market while preserving our ability to capitalize on future growth opportunities.
In parallel, we transformed our commercial organization by strengthening strategic account management, improving opportunity qualifications, aligning our business development operational resources around targeted markets, and focusing on opportunities that provide the best risk and reward profile for our business. With a clear strategy guiding our decisions, a transformed commercial focus, and an optimized cost structure, we built a stronger, more agile organization positioned to deliver consistent execution, profitable growth, and long-term value creation.
Today, every role and resource is aligned around our WIN, Execute, and Deliver strategic framework. Our progress is tangible, evidenced by our return to profitability in the third and fourth quarters of fiscal 2026, and looking forward, our strategy is straightforward: win the right work, execute with excellence, and deliver the results expected by our customers, employees, and shareholders. Each pillar plays a critical role in strengthening our business and creating long-term value.
To provide greater context around our progress, I would like to highlight several key initiatives within each pillar. First, our WIN strategy is centered on pursuing opportunities that align with our capabilities, meet our risk parameters, and create the greatest potential for profitable growth. This includes expanding our presence in both legacy and selected new and reemerging markets, growing our geographic reach, expanding our construction-only services, and strengthening our relationships with existing customers as well as increasing new customer acquisitions.
Market intelligence and client insight continue to support strong demand across our traditional LNG and NGL infrastructure markets, particularly for peak-shaving facilities, backup fuel terminals, and related infrastructure. In fact, over 40% of our current opportunity pipeline is comprised of LNG and NGL projects. Another example of our WIN strategy at work in our legacy markets is a project for which we have been selected subsequent to the quarter, which we announced by press release after market close yesterday.
This project is for the front-end engineering and design of the storage tank farm for the America First Refining Facility, Brownsville, Texas, the first new major refinery to be constructed in the U.S. in more than 50 years. We are extremely proud to have been selected to complete this major step for AFR in reaching financial investment decision. At the same time, we are actively pursuing opportunities being driven by new and reemerging markets, such as power generation and related infrastructure investments that is driven by the rapid growth of data centers, aging power infrastructure, and the increasing domestic electricity demand specific to data centers. Our ability to deliver power infrastructure and substation solutions that support our customers' expanding energy requirements is critical evidence of our WIN strategy at work. In this end market includes two recently completed substation projects to bring more power to the Northern Virginia Data Center Alley. We are currently on site constructing additional substations in the same geographical area as well as the Eastern Pennsylvania region.
Another example of us leveraging our experience to participate in a reemerging market is our focus on the mining and mineral sector, where increased commodity pricing and the demand for critical minerals essential to energy, technology, defense, and AI infrastructure continues to grow. To support our position in this market, we have invested additional capital and resources into our existing Southwest operation. As a result, we have received and have mobilized on a significant award which is taken into backlog in the fourth quarter.
Beyond our market focus, we are also heavily focused on expanding our geographic reach across key strategic regions and pursuing more construction-only opportunities. As a result of our construction-only initiative, we have received several Balanced Plan awards across the organization in the fourth quarter. At the same time, our improved strategic account management approach enables us to strengthen relationships with key customers while expanding our presence among new clients.
This reinforces our position as a trusted long-term partner across multiple service offerings and project life cycles. Collectively, these initiatives, with our improved speed to market and lower cost structure, will strengthen our backlog, expand our market share, diversify our revenue stream, and drive sustainable, profitable organic growth. The execution pillar is where a reputation is earned and trust is built. That trust depends on our ability to deliver high-quality projects safely, on time, and on budget.
Like our WIN strategy, our Execute strategy is built around many initiatives—45 in this case. These initiatives were developed to strengthen project delivery and drive consistent operational excellence across the organization. Each initiative is supported by dedicated teams with clear accountability for solution development, implementation, and results. These initiatives focus on improving proposal and contracting discipline, enhancing engineering and construction processes, strengthening our safety culture and protocols, advancing change management practices, and reinforcing quality management systems.
Collectively, these efforts are intended to improve project outcomes and reduce execution risk. During the year, we also completed the final phase of our enterprise services transformation by transitioning project controls and proposal delivery into the organization. These were the last remaining service-related functions that had not yet been centralized. With this transformation now complete, our shared services organization, operating under dedicated leadership, is focused on delivering consistent support, improving resource efficiency, and driving continuous improvement across the company by bringing greater discipline and standardization to critical business processes. This structure allows our operations teams to concentrate on what they do best: winning the right work, executing projects with excellence, and delivering successful outcomes for our customers. The changes we are implementing extend accountability across the entire organization with a sharp focus on execution, performance, and delivery. Measurable outcomes—no function is exempt. Our entire enterprise is focused on execution and measurable results.
Moving on to the third pillar, Deliver. We are committed to delivering consistent results and sustainable value. Our operational strategies and focused capital deployment create a resilient, future-ready enterprise. Already we have reduced SG&A expenses by 11% year over year and driven improvements in operating performance. These are not isolated actions; they are evidence of a company committed to change, discipline, and results. Overall, our strategic framework ensures we are aligned around a common purpose, focused on both organic and targeted acquisitive growth, and executing consistently across the enterprise.
As we enter this next phase, we do so from a position of financial strength, supported by a healthy balance sheet, robust liquidity, no debt. The actions we have taken have strengthened our foundation, enhanced our ability to pursue profitable growth, and position Matrix to create sustainable long-term value for our shareholders, customers, employees, and the communities we serve. On behalf of the entire Matrix team, we look forward to earning your trust and support as we build on our legacy and pursue the opportunities ahead.
I will now turn the call over to Kevin Kavanagh.
Kevin Cavanah, Chief Financial Officer
Thank you, Sean. Before I get into the fourth quarter, I want to highlight a few ways this strategic framework is already having a positive impact. Successful execution of our backlog allowed us to achieve 14% revenue growth and a 210 basis point gross margin improvement in fiscal 2026. We have successfully leveraged our experience and reputation to re-enter the mining and mineral space, as demonstrated by significant projects taken into backlog this quarter.
Our focus on flattening our organizational structure to achieve greater efficiency and effectiveness contributed to a decrease in SG&A expenses, which fell by $7.6 million in fiscal 2026 compared to fiscal 2025. As a result of these efforts, we returned to profitability this year with full-year adjusted EPS of $0.26, an increase of $1.19 compared to last year. Now to the quarter: Our results represented a good finish to fiscal 2026 as well as positive indicators of the opportunity ahead.
In the fourth quarter, our revenue increased 13% to $244.5 million compared to $216.4 million in the fourth quarter of fiscal 2025. The increase in the quarter was expected and driven by the Storage and Terminal Solutions segment, partially offset by lower revenue in the Process and Industrial Facilities segment. Gross profit increased 140% to $19.5 million compared to $8.1 million in the prior-year quarter. The quarter gross margin was 8% compared to 3.8% in the prior year.
While SG&A in the fourth quarter was impacted by higher variable compensation cost related to returning to profitable performance, SG&A still decreased to $16.9 million in the fourth quarter versus $17.6 million last year. The lower SG&A cost, combined with the higher revenue, allowed SG&A as a percent of revenue to decrease to 6.9% compared to 8.1% in the same period last year. The company also incurred $3.4 million of restructuring costs in the fourth quarter associated with executive transitions and previously announced corporate realignment.
Including the restructuring costs, the company produced an operating loss of $0.9 million in the recent quarter compared to an operating loss of $12.9 million in the prior-year fourth quarter. The company continues to generate interest income on the company's strong cash position. Interest income was $2.2 million in the quarter compared to $2 million in the prior-year quarter. Bottom line, the company produced EPS of $0.04 in the quarter compared to a $0.40 loss in the prior year.
Adjusted EPS, which excludes restructuring, was a positive $0.16 in the fourth quarter versus a $0.28 loss in the prior-year quarter. Adjusted EBITDA also improved to $6.3 million in the fourth quarter compared to a $4.8 million loss in the prior-year fourth quarter. Moving to the segments: Storage and Terminal Solutions segment revenue increased 43% to $137.4 million in the fourth quarter of fiscal 2026 compared to $96.1 million last year due to increased volume of work for specialty vessel and LNG storage projects.
Gross margin in the fourth quarter of fiscal 2026 was 6.4% compared to a negative 1.1% in the prior-year quarter, which was impacted by lowered recovery expectations on a legacy project completed in fiscal 2021 that was in arbitration. The matter was fully resolved in fiscal 2026. In the Utility and Power Infrastructure segment, revenue was $73.5 million in the fourth quarter compared to $73 million in the same period a year ago. Gross margin improved to 12.8% in the fourth quarter compared to 9.1% last year.
The increase was due to strong project execution. In Process and Industrial Facilities, segment revenue decreased to $33.6 million in the fourth quarter compared to $47.3 million last year, primarily due to lower revenue from refinery work due to a change in mix of work grants. Margin was 2.9% in the fourth quarter of fiscal 2026 compared to 5.9% last year. Now let's discuss backlog. Project award activity was mixed in the fourth quarter with total awards of $169 million for a 0.7 book-to-bill.
The Process and Industrial Facilities segment had a strong fourth quarter with awards of $108 million, including a significant mining-related project, resulting in a book-to-bill of 3.24. Activity in the other two segments was modest. The company entered the quarter with backlog of $953 million. The year-end backlog level is supportive of strong revenue performance as we move into fiscal 2027, and we are heavily focused on the awards that are required to maintain strong revenue through the back half of fiscal 2027 and to build a strong foundation for fiscal 2028.
As previously mentioned, our markets are strong throughout the business, as evidenced by the opportunity funnel, which is over $7 billion. Moving to the balance sheet, we ended the quarter with total liquidity of $283.9 million. Liquidity is comprised of $223 million of unrestricted cash and cash equivalents and $60.9 million of borrowing availability under the credit facility. The company continues to have $25 million of restricted cash to support the credit facility and has no outstanding debt as of the end of the quarter.
While the company expects to utilize cash in the first half of fiscal 2027 to support current project activities, we enter the year in a strong financial position that provides the liquidity needed to support the execution of our backlog and to deploy capital toward growth. Based on the strength of our balance sheet and our return to profitability, we are actively evaluating a stock buyback. With that, I will turn the call back to Sean for additional comments.
UNKNOWN, President and CEO
Thank you, Kevin. Before we open up the call for questions, I'd like to take a moment to recognize Kevin Cavanah, who will be transitioning from his role as Chief Financial Officer at the end of the week. Kevin joined Matrix Service in 2003 and has been an integral part of our success for more than 23 years, including the last 15 years as our Chief Financial Officer. Throughout his tenure, Kevin helped guide Matrix Service through significant industry cycles, evolving regulatory requirements, and major strategic initiatives.
His leadership played an important role in strengthening our financial discipline, enhancing our reporting and control processes, and helping position the company for long-term success. On behalf of the Board of Directors and everyone at Matrix Service, I want to thank Kevin for his many contributions to the company. On a personal level, I'm grateful for his partnership and support over the years and have always valued his expertise, thoughtful perspective, and commitment to Matrix Service.
We wish Kevin and his family all the best in the next chapter. Regarding our CFO search, we have been conducting a thorough process over the past several months to identify the right long-term financial leader for Matrix Service. We continue to make good progress and remain committed to finding the best candidate to join me in Houston to drive the company's next phase of growth. While we are being deliberate and patient in that process, A.J. Smith has been appointed as the Interim Chief Financial Officer, effective September 10, 2026.
AJ has been serving as Senior Director of Accounting and Treasury, overseeing our accounting, SEC reporting, and treasury functions. His deep knowledge of the business and strong leadership make him well positioned to support the organization during this transition. As we search for our next Chief Financial Officer, we believe it is important that the successful candidate have the opportunity to become familiar with the business and our strategy.
As a result, we will not be providing guidance at this time. Once our next CFO is onboarded and has had the opportunity to assess the business, we will evaluate our approach going forward. With that, I would like to open the call for questions.
OPERATOR (Operator)
Thank you, ladies and gentlemen. If you have a question or a comment at this time, please press star 11 on your telephone. If your question has been answered and you wish to remove yourself from the queue, please press star 11 again. We will pause for a moment while we compile our Q&A roster. Our first question comes from John Franterev with Sidoti & Company. Your line is open.
John Franterev, Analyst at Sidoti & Company
Good morning, everyone. And Sean, welcome aboard. And Kevin, it's been a pleasure working with you over the years. Sean, I'd like to start with your perspective in the firm. Can you talk a little bit about the current cost structure? You've been there for a while. You had a chance to evaluate. Are you satisfied with the way the company's currently constructed, or do you still envision additional restructuring charges in the year ahead?
UNKNOWN, President and CEO
Yeah, John, in the last 18 months, we've made measurable progress, right? Getting that to where we think it needed to be, not just from a cost perspective, but also from an efficiency and a focus perspective. So today I feel like we've really got it where we need to be. There could be some future tweaking, but right now I'm satisfied that we've got the right organization, the right size to do the work that we have today, as well as what we've got in our growth plans.
John Franterev, Analyst at Sidoti & Company
So how should we think about the nearly $10 million of restructuring actions in 2026? How much will continue to flow through the P&L in fiscal 2027?
Kevin Cavanah, Chief Financial Officer
So, John, this is Kevin. Enjoyed working with you, too. So I think when you look at the restructuring, you're not going to see anywhere near that level. There may be a few things that flow through, but it would be relatively insignificant. And, you know, as Sean said, there may be some tweaks with the organization, but over the last 18 months we've implemented the majority of the changes we plan on doing right now. So I would not expect that restructuring to be significant.
There'll be something, but it won't be major.
John Franterev, Analyst at Sidoti & Company
I guess when I think about the $950 million in backlog, I guess two things. Can we kind of walk through why the diminishing order book we've seen in the past four quarters has been the case, and maybe on that $950 million backlog, how much is deliverable in the coming 12 months?
UNKNOWN, President and CEO
Yes. So I would say this, John. So, one, we're not surprised by the lighter booking and the activity over the last few years. Certainly don't want that to overshadow the opportunities that we have in the pipeline. All of these projects have their different time to wind up, you know, going from the early process of a FEED or a permitting process. Good news is a lot of that hasn't changed for us. We knew this was going to look that way for a while.
As far as the exact numbers on the backlog that we have in hand, certainly in the first quarter, second quarter, and third quarter we'll be getting through a fair share of the larger projects that we've been carrying. But again, our outlook is to start replacing that with new projects.
Kevin Cavanah, Chief Financial Officer
Yeah, I don't have the exact number in front of me, but I think 70, 80% of that backlog will be worked off during fiscal 2027.
John Franterev, Analyst at Sidoti & Company
Got it. And just one last question on the backlog. Is the margin profile, is it heading north from the fourth quarter, or is that a stable kind of level? How should we think about that?
UNKNOWN, President and CEO
Well, so the margin profile of our backlog is in line with our, you know, with double-digit-level performance. I think you'll—you know, we made a big move in revenue in 4Q and that helped under-recovery. There's still a little bit more work to do there. But our projects are delivering close to that double-digit level now. And I think when you look at the quality of the backlog plus the quality of opportunities in the funnel, I think that will continue to support that.
And obviously we want to continue to grow that margin above 10% as we move forward. I think we've probably got the markets to do that.
John Franterev, Analyst at Sidoti & Company
Great. Thanks for taking my questions. I'll get back into queue.
OPERATOR (Operator)
One moment for our next question. Our next question comes from Ted Jackson with Northland. Your line is open.
Ted Jackson, Analyst at Northland
Thanks very much. So Sean, I had like a list of a half dozen questions and in the course of your presentation, you took almost all of them out. So you clearly did a good job in preparing. I have two questions for you. I'd like to start out with the American first refining announcement. Can you provide a little more color with regards to the size of the initial work you're doing on the front end and what it could mean in terms of just like the actual size of this project as it moves forward? How much of some of this stuff is in your project pipeline? Is it what drove the big jump we saw in your project pipeline with this quarter and then kind of what's the timeline for it to kind of move forward? And then I have a follow up for that.
Thank you.
UNKNOWN, President and CEO
Sure. Yeah, I guess. First, Ted, I'll say I probably won't want to talk too much about the specifics of the dollar value, as this has not gone through FID yet. Obviously it's a very large project on any scale. Just to give you a little bit of background of kind of what we're doing there in the timeline. So we've been awarded, we've been contracted the FEED and that is due at the end of our fiscal Q2, at which point when we turn that over to the client, they'll look to finalize FID.
At that time we'll work to convert that FEED estimate to a lump sum price utilizing an open book process with the client. We anticipate that the award will be in late fiscal Q3 or early Q4, but I think it's worth mentioning here that it is possible that we could start some early purchasing and or site work prior to calendar year end to support the client's desired schedule.
Ted Jackson, Analyst at Northland
And then when you move forward with some of the early purchasing and such, is that part of what would drive you to some, I guess you would call it like cash use in the first half? I believe that was referenced in your presentation that the first half of 2017 would be kind of digging into your cash position and then flip over, I assume in the second half. Is that what you familiar with that comment?
Kevin Cavanah, Chief Financial Officer
The utilization for the cash is primarily going to be the projects that are being executed in the field that we've got advanced payments on this cost here. We haven't worked out exactly what that will look like, but we always look to maintain a net deposit of cash position on any of the work that we're doing and we'll certainly do that for this.
Ted Jackson, Analyst at Northland
Okay, so in summary then, First America, very large project, it's really not in your project pipeline at this point because you're in the process of defining it. And we would see that, you know, kind of move through in second half of fiscal 27 and then potentially, you know, once you get the project and then move into your bookings in sometime in 2H27, that cover basically first America.
UNKNOWN, President and CEO
Yes. So just to be clear, it is in our opportunity pipeline. We've been pursuing this effort and working closely with the client for several years on this, developing this. But to your point, yes, we do not have anything outside of the FEED work booked right now and within our backlog. And that would be something we'd be looking to convert again late Q3 or early Q4 to backlog.
Ted Jackson, Analyst at Northland
Okay. And then shifting over to pipeline and backlog. You know, in the past, as a management team, I think that the message has been pretty consistent that you did expect to see the backlog worked down, to be honest, as it has been through kind of mid fiscal 27 and then some of the opportunity pipeline should be converting into bookings and rebuild backlog. That scenario still holds and we should be viewing this American first refinery announcement as an indication of the kind of things that would thrive your backlog north as we get to the second half of fiscal 2017.
UNKNOWN, President and CEO
Yes, that's accurate. That's what we see happening.
Ted Jackson, Analyst at Northland
Okay. And then my final question, which was kind of touched on, but just to make sure I'm right, is that essentially as we roll through 27, that we should not be expecting to see any large scale restructuring line items, expenses in the numbers. It will be anything in there will be immunities, correct?
Kevin Cavanah, Chief Financial Officer
That's correct. You wouldn't expect anything significant. I mean, you might have a quarter that has a couple hundred thousand, but no, the big changes have been implemented in late in fiscal 25 and in fiscal 26.
Ted Jackson, Analyst at Northland
Okay. All right. Hey, I appreciate it. That's it for me. Congrats on the quarter.
UNKNOWN, President and CEO
Thank you. Appreciate it.
OPERATOR (Operator)
And I'm not showing any further questions this time. I'd like to turn the call back over to Patrick for any further remarks.
Patrick Roberts, Director of Corporate Development and Investor Relations
Great. Thank you everyone for your participation. Before we close the call, I wanted to mention that we will be presenting at the upcoming 25th Annual Diversified Industrials and Services Conference in Nashville, Tennessee. If you will be attending, we would welcome the opportunity to connect with you. Additionally, if you would like to have a conversation with management, please contact me through the Matrix Service Company investor relations website.
You may also sign up to receive MTRX news by scanning the QR code on your screen. Again, thank you for your time today and have a good rest of your week.
OPERATOR (Operator)
Thank you. Ladies and gentlemen, that concludes today's presentation. We thank you for your participation. You may now disconnect and have a wonderful day.
Disclaimer: This transcript is provided for informational purposes only. While we strive for accuracy, there may be errors or omissions in this automated transcription. For official company statements and financial information, please refer to the company's SEC filings and official press releases. Corporate participants' and analysts' statements reflect their views as of the date of this call and are subject to change without notice.
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