Matrix Service Co (MTRX)
Matrix Service Co (MTRX) is an industrial construction and engineering company that provides comprehensive services for the energy, industrial, and commercial markets. Founded in 1984 and headquartered in Tulsa, Oklahoma, the company specializes in designing, building, and maintaining complex facilities, including refining, petrochemical, power, and infrastructure projects. Matrix Service is known for its safety standards, project management expertise, and ability to execute large-scale engineering construction projects across North America.
Company News
Matrix Service Company has been awarded a contract to engineer, fabricate, and construct a 100,000 m3 full containment storage tank for Delaware River Partners in Gibbstown, New Jersey. The tank will have a dual-service design, allowing for the storage of Liquid Ammonia or Liquid Propane Gas (LPG).
Matrix Service, an energy and mining industry supplier, reported better-than-expected Q4 earnings, with revenue and adjusted net loss beating analyst estimates. The company provided strong revenue guidance for fiscal 2025, sending its stock price up over 15% on Tuesday.
The article discusses the intraday performance of 12 industrial stocks, including Sunrise New Energy, Byrna Technologies, and others. The stocks experienced both gains and losses, with the reasons for the price movements provided.
Investors need to pay close attention to Matrix Service (MTRX) stock based on the movements in the options market lately.