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Matrix Service Co. (MTRX)

This company’s shares just gained momentum when they reported record revenues and increased their 2014 guidance.

Matrix Service Co. (MTRX)
from The Oberweis Report


Matrix Service Co. (MTRX) provides construction, repair, and maintenance services to the energy and energy-related industries. The company provides turnkey and specialty construction, repair, and maintenance services, including routine,...

This company’s shares just gained momentum when they reported record revenues and increased their 2014 guidance.

Matrix Service Co. (MTRX)

from The Oberweis Report

Matrix Service Co. (MTRX) provides construction, repair, and maintenance services to the energy and energy-related industries. The company provides turnkey and specialty construction, repair, and maintenance services, including routine, preventative, and emergency repairs.

Matrix operates in four segments: 1) The Electrical Infrastructure segment (12% of December quarter sales) primarily encompasses high voltage services to utilities including construction of new substations, upgrades of existing substations, short-run transmission line installations, etc.; 2) The Oil Gas & Chemical segment (20%) includes traditional turnaround activities, plant maintenance services and construction in the downstream petroleum industry; 3) The Storage Solutions segment (58%) includes new construction of crude and refined products aboveground storage tanks; and 4) The Industrial segment (10%) includes work in the mining and minerals industry, bulk material handling, fertilizer production facilities, etc.

In the company’s latest reported second quarter, sales increased approximately 40% to $311.0 million from $221.4 million in the second quarter of last year. Matrix Service Co. reported earnings per share of $.38 for the quarter versus $.29 in the same quarter of last year. The company reported a backlog of $883 million, up 46% year/year.

These shares may be appropriate for risk-oriented investors.

Jim Oberweis, CFA, The Oberweis Report, www.oberweisreport.com, 800-323-6166, March 2014