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Volume 61.6K
As of 11:19 AM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

matrix service co (MTRX) Key Developments

Matrix Service Mulls Acquisitions

Matrix Service Company (NasdaqGS:MTRX) is looking for acquisitions. John Hewitt, President and Chief Executive Officer of Matrix Service said, "We also continue to pursue acquisitions in support of our strategic objectives, and have completed two in the past eight months".

Matrix Service Company Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Matrix Service Company announced consolidated earnings results for the fourth quarter and year ended June 30, 2014. For the quarter, revenues were $344,358,000 against $235,560,000 a year ago. Operating income was $14,209,000 against $11,587,000 a year ago. Income before income tax expense was $13,401,000 against $11,276,000 a year ago. Net income attributable to the company was $7,556,000 against $7,367,000 a year ago. Diluted earnings per common share were $0.28 against $0.28 a year ago. The effective tax rates was 38.6% For the year, revenues were $1,263,089,000 against $892,574,000 a year ago. Operating income was $58,607,000 against $36,714,000 a year ago. Income before income tax expense was $56,811,000 against $35,916,000 a year ago. Net income attributable to the company was $35,810,000 against $24,008,000 a year ago. Diluted earnings per common share were $1.33 against $0.91 a year ago. The effective tax rates was 35.1%. The company produced $77 million of cash flows from operations through strong operating results and improved working capital management. This allowed the company to fund the Matrix NAC acquisition, $23.6 million of capital expenditures, as well as the significant growth in the year. The company estimates that its fiscal 2015 effective tax rate will approximate 37.0%. The company expects that fiscal 2015 revenues will be between $1.425 billion and $1.525 billion and earnings to be between $1.40 and $1.60 per fully diluted share. The company is anticipating normal quarterly variability with the first quarter being the lowest as activity in the Electrical Infrastructure and Oil Gas and Chemical segments are typically slower in the summer months.

Matrix Service Company to Report Q4, 2014 Results on Sep 03, 2014

Matrix Service Company announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Sep 03, 2014

Matrix Service Company, Q4 2014 Earnings Call, Sep 04, 2014

Matrix Service Company, Q4 2014 Earnings Call, Sep 04, 2014

Matrix Service Company Appoints James H. Miller as Board

Matrix Service Company appointed James H. Miller to serve as a member of the Board of Directors, to fill the resulting vacancy, for a term commencing on May 9, 2014 and expiring at the Annual Meeting of Stockholders of the company in 2014 and until his successor is duly elected and qualifies, unless he sooner dies, retires or resigns. The Board of Directors does not expect to appoint Mr. Miller to serve on any of the Audit, Compensation and Nominating and Corporate Governance Committees of the Board of Directors.

 

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MTRX

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Price/Earnings 18.8x
Price/Sales 0.5x
Price/Book 2.3x
Price/Cash Flow 18.3x
TEV/Sales 0.4x
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