Matrix Service Co 2026年季度报告

FORM 10-Q (Mark One) ☒Quarterly Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December31, 2025or ☐Transition Report Pursuant to Section13 or 15 (d)of the Securities Exchange Act of 1934For the transition period fromtoCommission File No.1-15461__________________________________________ MATRIX SERVICE COMPANY (Exact name of registrant as specified in its charter)__________________________________________ Delaware73-1352174(State of incorporation)(I.R.S. Employer Identification No.) 15 East 5th Street, Suite 1100, Tulsa, Oklahoma 74103(Address of principal executive offices and zip code)Registrant’s telephone number, including area code: (918)838-8822Not Applicable(Former name, former address and former fiscal year, if changed since last report)___________________________ Securities registered pursuant to Section 12(b) of the Act: Trading Symbol(s)MTRX Name of each exchange on which registeredNASDAQ Global Select Market Common Stock, par value $0.01 per share Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and "emerging growth company" in Rule 12b-2 of the Exchange Act. LargeAcceleratedFilerNon-accelerated FilerEmerging Growth Company SmallerReportingCompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of February4, 2026 there were 28,128,405 shares of the Company's common stock, $0.01 par value per share, outstanding. TABLE OF CONTENTS FINANCIAL INFORMATION PART I Item 1.Financial Statements (Unaudited)Condensed Consolidated Statements of Income for the Three and Six Months Ended December 31, 2025 and20241Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended December31, 2025 and 20242Condensed Consolidated Balance Sheets as of December 31, 2025 and June 30, 20253Condensed Consolidated Statements of Cash Flows for the Six Months EndedDecember 31, 2025 and 20245Condensed Consolidated Statements ofChanges in Stockholders’ Equity for the Three and Six Months EndedDecember 31, 2025 and 20246Notes to Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations16Item 3.Quantitative and Qualitative Disclosures About Market Risk33Item 4.Controls and Procedures33 OTHER INFORMATION PART II Item 1.Legal Proceedings34Item 1A.Risk Factors34Item 2.Unregistered Sales of Equity Securities and Use of Proceeds34Item 3.Defaults Upon Senior Securities34Item 4.Mine Safety Disclosures34Item 5.Other Information34Item 6.Exhibits35Signature37 PART I. FINANCIAL INFORMATION Item1. Financial Statements Matrix Service CompanyCondensed Consolidated Statements of Income(In thousands, except per share data)(unaudited) Matrix Service CompanyCondensed Consolidated Statements of Comprehensive Income(In thousands)(unaudited) Matrix Service CompanyCondensed Consolidated Balance Sheets(In thousands)(unaudited) Assets Cash and cash equivalents$198,964$224,641Accounts receivable, net of allowance for credit losses205,948154,994Costs and estimated earnings in excess of billings on uncompleted contracts25,28329,764Inventories6,8625,917Income taxes receivable—110Prepaid expenses and other current assets10,9384,347Assets held for sale (Note 3)2,019—Total current assets450,014419,773Restricted cash25,00025,000Property, plant and equipment, net38,13042,097Operating lease right-of-use assets15,06317,827Goodwill28,98829,047Other intangible assets, net of accumulated amortization51555Other assets, non-current (Note 2)92,95865,957Total assets$650,204$600,256 Matrix Service CompanyCondensed Consolidated Balance Sheets(In thousands, except share data)(unaudited) Liabilities and stockholders’ equityCurrent liabilities: Matrix Service CompanyCondensed Consolidated Statements of Cash Flo