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MTRX-News
MTRX-Events
Matrix Service CFO Kevin Cavanah to Depart After Fiscal 2026 Report
Matrix Service announced that Kevin Cavanah, VP of finance and CFO, will depart the company following the filing of the company's fiscal 2026 annual report. He will continue to serve in his role as CFO through that time to support an orderly transition. Matrix has retained an executive search firm to conduct a comprehensive search for its next CFO.
Matrix Service Expects Full-Year Revenue of $875 Million to $925 Million
"Looking to the second half of the fiscal year, we continue to expect improving profitability, driven by higher volumes in our Storage and Terminal Solutions segment. The business remains on track to achieve our full-year guidance of $875 million to $925 million of revenue," said John Hewitt, CEO of Matrix Service.
Company Reports Q2 Revenue of $210.5M
Reports Q2 revenue $210.5M vs. $187.2M last year. Reports Q2 backlog $1.1B. Reports Q2 adjusted EBITDA for the quarter was $2.4M vs. ($2.2M) last year. "Our second quarter results reflect solid performance across the organization as we continued to deliver work safely and reliably for our customers," said CEO John Hewitt.
Matrix Service Appoints Shawn Payne as COO
Matrix Service in connection with the board's succession planning, has announced the appointment of Shawn Payne as COO, effective immediately. He will assume the role of president and CEO when John Hewitt, a director and the company's president and CEO, steps down from his roles effective June 30.
Matrix NAC Secures Construction Contract for Remaining Plant Work from Matrix Service
Matrix Service announced that Delaware River Partners has awarded Matrix NAC the construction for balance of plant work supporting a 100,000 m3, dual service full containment storage tank allowing for storage of Liquid Ammonia or Liquid Propane Gas, LPG. This award, which was taken into backlog in the first quarter of fiscal 2026, follows a previous award for the inner steel tank scope of work, which was made in fiscal 2025.
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