Matrix Service Q3: Back in Black, New CEO, Robust Pipeline

Matrix Service Companys Q3 earnings report shows a return to profitability with adjusted earnings of $0.13 per share and $266.7 million in revenue, up from last year. Despite weather and client delays, they achieved this through a strong backlog and operational improvements. The company also resolved two legal issues, boosting cash by nearly $20 million. Sean Payne takes over as CEO, and the CFO is departing. Storage and Terminal Solutions segment saw a 16% increase, while the Utility and Power segment held steady. The pipeline stands at $6.9 billion, targeting mining, LNG, and power growth. Upcoming projects and conferences are highlighted for the future. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5586cc0177debbe8