Matrix Service FY26 Q3 swings to profit; revenue rises 3.25% to $206.7 million

• Matrix Service Company reported fiscal 2026 third-quarter net income of $0.8 million, or $0.03 per diluted share, returning to profit from a year-earlier net loss of $3.4 million.
• Revenue rose 3.25% to $206.7 million.
• Total backlog was $1.03 billion at March 31, 2026, with quarterly awards of $108.3 million driving a 0.5x book-to-bill ratio.
• Management cited client-related engineering and permitting delays, severe weather, and a $3 million restructuring charge tied to the CEO transition and a lease impairment.
• Fiscal 2026 revenue guidance was cut to $870 million-$890 million.

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