NEW YORK CITY, NY / ACCESS Newswire / September 11, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Matrix Service Company ("Matrix" or "the Company") (NASDAQ:MTRX). Investors who purchased Matrix securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/MTRX.
Investigation Details
On September 9, 2025, Matrix issued a press release announcing its fiscal year 2025 fourth quarter and full-year results. For the quarter, Matrix reported non-GAAP earnings per share of -$0.28, missing consensus estimates by $0.29, and revenue of $216.4 million, missing consensus estimates by $15.85 million. Matrix stated that "[o]ur fourth quarter net income reflects a $14.9 million impact associated with four issues: a charge related to labor cost overruns on a crude oil terminal project, which is now complete; an updated reserve to a contract dispute on a project dating back to the pandemic, currently in arbitration; a charge for an unfavorable court decision related to a subcontractor’s failure to pay lower tier contractors for another pandemic era project; and restructuring costs related to our organizational realignment." On this news, Matrix’s stock price fell $1.98 per share, or 13.89%, to close at $12.27 per share on September 10, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Matrix securities, you can assist this investigation by visiting the firm’s site: bgandg.com/MTRX. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on ACCESS Newswire
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