Matrix Service Lowers FY2025 Sales Guidance from $850.00M-$900.00M to $770.00M-$800.00M vs $854.12M Est
Benzinga Newsdesk 1 year ago
NewsGuidance
FISCAL YEAR 2025 FINANCIAL GUIDANCEThe following forward-looking guidance reflects the Company's current expectations and beliefs as of May 7, 2025. Various factors outside of the Company's control may impact the
FISCAL YEAR 2025 FINANCIAL GUIDANCE
The following forward-looking guidance reflects the Company's current expectations and beliefs as of May 7, 2025. Various factors outside of the Company's control may impact the Company's revenue and business. These include the timing of project awards and starts which may be impacted by market fundamentals, client decision-making, and federal trade and environmental policy uncertainty. The following statements apply only as of the date of this disclosure and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document.
Today, Matrix provided an update to its fiscal year 2025 revenue guidance:
| Fiscal Year 2024 | Fiscal Year 2025 | Fiscal Year 2025 | |
| Actual | Previous Guidance | Current Guidance | |
| Revenue | $728.2 million | $850 - $900 million | $770 - $800 million |
CONFERENCE CALL DETAILS
In conjunction with the earnings release, Matrix Service Company will host a conference call with John R. Hewitt, President and CEO, and Kevin S. Cavanah, Vice President and CFO. The call will take place at 10:30 a.m. (Eastern) / 9:30 a.m. (Central) on Tuesday, May 13, 2025.