$MTRX

MATRIX SERVICE CO

CIK:0000866273|SEC Filings

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Revenue	$ 873,632	$ 769,286	$ 728,213
Cost of revenue	809,680	729,609	687,740
Gross profit	63,952	39,677	40,473
Selling, general and administrative expenses	63,607	71,173	70,085
Restructuring costs and other	9,963	3,572	501
Operating loss	(9,618)	(35,068)	(30,113)
Other income (expense):
Interest expense	(437)	(518)	(1,130)
Interest income	7,717	6,652	1,339
Other (Note 3)	114	(64)	4,892
Income (Loss) Attributable to Parent, before Tax	(2,224)	(28,998)	(25,012)
Provision (benefit) for federal, state and foreign income taxes	356	464	(36)
Net Income (Loss) Attributable to Parent	$ (2,580)	$ (29,462)	$ (24,976)
Weighted average common shares outstanding:
Basic loss per common share	$ (0.09)	$ (1.06)	$ (0.91)
Diluted loss per common share	$ (0.09)	$ (1.06)	$ (0.91)
Basic (in shares)	28,295	27,769	27,379
Diluted (in shares)	28,295	27,769	27,379

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Net loss	$ (2,580)	$ (29,462)	$ (24,976)
Depreciation and amortization	8,640	10,012	11,023
Stock-based compensation expense	7,145	8,904	7,745
Restructuring, Settlement and Impairment Provisions	2,935
Gain on sale of property, plant and equipment	(606)	8	(4,923)
Other	146	234	1,362
Changes in operating assets and liabilities increasing (decreasing) cash:
Accounts receivable	(11,296)	(48,796)	(12,077)
Costs and estimated earnings in excess of billings on uncompleted contracts	533	4,129	10,995
Inventories	(273)	2,922	(1,402)
Other assets and liabilities	(2,398)	(2,309)	3,897
Accounts payable	27,747	14,814	(10,385)
Billings on uncompleted contracts in excess of costs and estimated earnings	(23,646)	152,285	85,872
Accrued expenses	560	4,730	5,440
Cash Provided by (Used in) Operating Activity, Continuing Operation, Total	6,907	117,471	72,571
Investing activities:
Capital expenditures	(5,483)	(7,685)	(6,994)
Proceeds from asset sales (Note 3)	1,942	240	6,049
Cash Provided by (Used in) Investing Activity, Continuing Operation, Total	(3,541)	(7,445)	(945)
Financing activities:
Advances under asset-backed credit facility	0	0	10,000
Repayments of advances under asset-backed credit facility	0	0	(20,000)
Payment of debt amendment fees	(149)	0	(100)
Proceeds from Stock Plans	202	195	184
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(4,223)	(1,235)	(456)
Net cash provided (used) by financing activities	(4,170)	(1,040)	(10,372)
Effect of exchange rate changes on cash	(871)	40	(451)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Continuing Operation	(1,675)	109,026	60,803
Cash, cash equivalents, and restricted cash, beginning of period (Note1)	249,641	140,615	79,812
Cash, cash equivalents, and restricted cash, end of period (Note1)	247,966	249,641	140,615
Other cash flow information:
Cash received during the period for income taxes	312	328	(165)
Cash paid during the period for interest	378	395	880
Non-cash investing and financing activities:
Purchases of property, plant and equipment on account	$ 129	$ 130	$ 140

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 222,966	$ 224,641
Accounts receivable, net of allowance for credit losses	171,955	154,994
Costs and estimated earnings in excess of billings on uncompleted contracts	29,231	29,764
Inventories	6,190	5,917
Income taxes receivable	82	110
Prepaid expenses and other current assets	4,278	4,347
Disposal Group, Including Discontinued Operation, Assets, Current	948
Total current assets	435,650	419,773
Restricted cash	25,000	25,000
Property, plant and equipment, net	36,261	42,097
Operating lease right-of-use assets	14,849	17,827
Goodwill	28,878	29,047
Other intangible assets, net of accumulated amortization	0	555
Other assets, non-current (Note 2)	61,967	65,957
Total assets	602,605	600,256
Current liabilities:
Accounts payable	108,722	80,453
Billings on uncompleted contracts in excess of costs and estimated earnings	299,947	323,593
Accrued wages and benefits	19,158	18,961
Accrued insurance	4,447	5,310
Operating lease liabilities	4,363	4,441
Other accrued expenses	5,779	3,617
Total current liabilities	442,416	436,375
Deferred income taxes	22	25
Operating lease liabilities	15,094	16,986
Other liabilities, non-current	3,218	4,154
Total liabilities	460,750	457,540
Commitments and contingencies (Note 7)
Common Stock, Shares, Outstanding	27,610,486
Common Stock, Shares, Issued	28,133,850
Common stock, shares authorized	60,000,000
Common stock, par value	$ 0.01
Equity, Attributable to Parent [Abstract]
Common stock—0.01 par value; 60,000,000 shares authorized; 28,133,850 shares issued and outstanding as of June 30, 2026; 27,888,217 shares issued and 27,610,486 shares outstanding as of June 30, 2025, respectively	$ 281	279
Additional paid-in capital	150,483	149,969
Retained earnings	1,899	4,479
Accumulated other comprehensive loss	(10,808)	(9,403)
Treasury stock, at cost; 0 and 277,731 shares as of June 30, 2026 and June 30, 2025;	$ 0	$ (2,608)
Treasury Stock, Shares	0	277,731
Total stockholders' equity	$ 141,855	$ 142,716
Total liabilities and stockholders' equity	602,605	$ 600,256
Disposal Group, Including Discontinued Operation, Assets, Current	$ 948