Filing Flows › Matrix Service (MTRX) › Q1 FY27
Matrix Service (MTRX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 5, 2026
Matrix Service (MTRX) reported revenue of $219M for the first quarter fiscal 2027 (Q1 FY27), +4% from a year earlier and -10% from the quarter before. Operating margin was 2.0%, net earnings $6.2M (2.8% of revenue).
Matrix Service, Q1 FY27: revenue $219M (+4% year over year), operating margin 2.0%, net earnings $6.2M, operating cash flow −$37.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $219M | -10% | +4% |
| Gross profit | $18.1M | -7% | +27% |
| Operating profit | $4.5M | — | — |
| Net earnings | $6.2M | +442% | — |
| Operating cash flow | −$37.0M | — | — |
What changed
Revenue was $219.4M in Q1 FY27, up 4% year over year and down 10% from the previous quarter. Storage and Terminal Solutions was the largest line at 56% of revenue. Storage and Terminal Solutions added $13.4M year over year (up 12%), 178% of the total change. Utility and Power Infrastructure declined 21%.
Gross margin was 8.2%, up 1.5 points from Q1 FY26. Operating profit was $4.5M, a 2.0% margin (up 4.6 points year over year). Operating expenses fell 31% while revenue rose 4%. Net earnings were $6.2M. The effective tax rate was 0.0%. Non-operating items added $1.7M, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$37.0M. Non-cash charges added back $1.8M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $46.3M. Capital expenditures of $757K exceeded it, leaving free cash flow of −$37.7M.
Questions
What was Matrix Service's revenue in the first quarter fiscal 2027?
Matrix Service (MTRX) reported revenue of $219M for the first quarter fiscal 2027 (Q1 FY27), +4% from a year earlier and -10% from the quarter before.
Was Matrix Service profitable in the first quarter fiscal 2027?
Operating profit was $4.5M (2.0% of revenue) and net earnings $6.2M.
Source: Matrix Service 10-Q on SEC EDGAR.