Matrix Service Company Reports Fiscal 2027 First Quarter Financial Results and New Share Buyback Authorization

Matrix Service Company reported fiscal 2027 first-quarter revenue of $219.4 million, up from $211.9 million a year earlier, and net income of $6.2 million, or $0.22 per diluted share, versus a net loss of $3.7 million, or $0.13 per share. Adjusted EBITDA increased to $7.7 million from $2.5 million. The board authorized up to $25 million in share repurchases. As of September 30, 2026, the company had an $872.6 million backlog, $221.8 million in liquidity, and no outstanding debt.