Matrix sees Q4 loss

  • Matrix sees Q4 loss

TULSA (AP) – Matrix Service Co. (MTRX) reported a fiscal fourth-quarter loss of $5.7 million last week, after reporting a profit in the same period a year earlier.

On a per-share basis, the Tulsa-based company said it had a loss of 22 cents. Losses, adjusted for restructuring costs, came to 1 cent per share.

The energy services company posted revenue of $195.8 million in the period.

For the year, the company reported a loss of $33.1 million, or $1.24 per share, swinging to a loss in the period. Revenue was reported as $1.1 billion.

Matrix Service shares have declined 62% since the beginning of the year.