From Yahoo Finance: 2025-05-09 16:33:00

On Friday, Matrix Service (MTRX) saw a nearly 9% drop after releasing disappointing quarterly earnings. However, the S&P 500 (SNPINDEX: ^GSPC) closed flat. Matrix’s revenue for Q3 of 2025 grew 21% to over $200 million, with a narrowed non-GAAP adjusted net loss of $3.3 million.

The revenue gain was attributed to strong performance in storage, terminal solutions, and utility segments. Analysts had expected higher improvement levels, forecasting revenue over $247 million and a net loss of $0.05. Matrix’s project backlog grew 8% to $1.4 billion.

Matrix also lowered its revenue guidance for fiscal 2025 to $770-800 million, down from $850-900 million. The company did not provide profit forecasts. Investors should be cautious with Matrix until it shows stronger improvement.

Consider the top 10 stocks identified by The Motley Fool Stock Advisor team, excluding Matrix Service. These stocks could yield substantial returns. The average return of Stock Advisor is 909%, outperforming the S&P 500’s 163%. Don’t miss out on the latest top 10 list when you join Stock Advisor.

Read more: Why Matrix Service Stock Tumbled Today