Matrix Service Co. MTRX

What this company does

Matrix Service Company provides engineering, fabrication, construction and maintenance services to support energy infrastructure and industrial markets. It maintains regional offices throughout the United States, Canada and other international locations, and it operates in all 50 states, four Canadian provinces and other international locations. As of June 30, 2025, it had 2,239 employees worldwide, of whom 633 were employed in office-based positions and 1,606 were employed in field or craft positions. It operates its business through three reportable segments, Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. The Storage and Terminal Solutions segment consists primarily of engineering, procurement, fabrication and construction services for cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen and oxygen, and liquid petroleum, and it also manufactures and sells specialty tank products including geodesic domes and internal floating roofs. The Utility and Power Infrastructure segment consists primarily of engineering, procurement, fabrication and construction services for LNG utility peak shaving facilities, power delivery work including new and upgraded substations, and construction services for power generation facilities including natural gas fired plants. The Process and Industrial Facilities segment consists primarily of plant maintenance, repair and turnarounds in the downstream and midstream energy markets, along with engineering, procurement, fabrication and construction for refinery upgrades and thermal vacuum test chambers for the aerospace and defense industries. The company began operations in 1984 as an Oklahoma corporation under the name Matrix Service, incorporated in Delaware in 1989 under the name Matrix Service Company, and began trading on the NASDAQ exchange in 1990.

Written from the business description in Matrix Service Co's annual report to the U.S. Securities and Exchange Commission, filed 10 September 2025. Every sentence was checked against that document before publication.