Every material Form 8-K MATRIX SERVICE CO has filed with the SEC since September 02, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Matrix Service reported fiscal 2027 first-quarter results for the quarter ended September 30, 2026, with revenue of $219.4 million and net income of $6.2 million, or $0.22 per diluted share, compared with a net loss of $3.7 million a year earlier. The board also approved a new $25 million share buyback program, and the company reported no outstanding debt and $221.8 million of liquidity.
Revenue of $219.4 million, up from $211.9 million in the prior-year quarter
Net income of $6.2 million, or $0.22 per diluted share, versus a net loss of $3.7 million, or $(0.13) per share
Adjusted EBITDA of $7.7 million, versus $2.5 million a year earlier
New $25 million share buyback program approved; total backlog of $872.6 million at September 30, 2026
Matrix Service Company (Nasdaq: MTRX) announced that Dominic A. Savarino will become Senior Vice President and Chief Financial Officer effective November 6, 2026, serving as principal financial and principal accounting officer. He previously was CFO of Diamond Offshore Drilling from 2021 to 2024, and the filing sets out his $500,000 base salary and equity package. The filing does not report any financial results, so the change is a leadership transition for shareholders to monitor.
Dominic A. Savarino appointed Senior Vice President and Chief Financial Officer, effective November 6, 2026
Base salary of $500,000; target bonus 75% of base salary, maximum 150%
One-time special equity grant valued at $450,000; annual equity grant of 140% of base salary beginning August 2027
Change of control severance equal to two times base salary plus target bonus; non-change of control severance of 1.5 times base salary
Matrix Service Company reported fourth-quarter fiscal 2026 revenue of $244.5 million, up from $216.4 million a year earlier, and net income of $1.1 million, or $0.04 per share, compared with a net loss of $11.3 million in the prior-year quarter. For the full fiscal year, the company still posted a net loss of $2.6 million, or $(0.09) per share, but that was narrower than the $(1.06) per share loss in fiscal 2025.
Q4 fiscal 2026 revenue was $244.5 million versus $216.4 million, the highest quarterly revenue in six years according to the company.
Q4 net income was $1.1 million, or $0.04 per share, versus a net loss of $11.3 million, or $(0.40) per share; adjusted net income was $4.6 million, or $0.16 per share.
Full-year fiscal 2026 revenue was $873.6 million versus $769.3 million; full-year adjusted net income per share was $0.26 versus $(0.93).
Total backlog was $953.2 million at June 30, 2026, and the company reported no outstanding debt with liquidity of $283.9 million.
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