Matrix Service Co 2026年季度报告

FORM 10-Q MATRIX SERVICE COMPANY 73-1352174(I.R.S. Employer Identification No.) 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), 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 to 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 reporting LargeAcceleratedFilerNon-accelerated FilerEmerging Growth Company 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 PART I FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)Condensed Consolidated Statements of Income for the Three and Six Months Ended December 31, 2025 and2024Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended December PART II OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignature PART I. FINANCIAL INFORMATION Item1. Financial Statements Matrix Service CompanyCondensed Consolidated Statements of Income Matrix Service CompanyCondensed Consolidated Statements of Comprehensive Income Matrix Service CompanyCondensed Consolidated Balance Sheets(In thousands, except share data) Matrix Service CompanyCondensed Consolidated Statements of Cash Flows Matrix Service CompanyNotes to Condensed Consolidated Financial Statements Note 1 – Basis of Presentation and Significant Accounting Policies Basis of Presentation The condensed consolidated financial statements include the accounts of Matrix Service Company and its subsidiaries (“Matrix”,“we”, “our”, “us”, “its” or the “Company”), unless otherwise indicated. Intercompany balances and transactions have been eliminated The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with Rule 10-01 ofRegulation S-X for interim financial statements required to be filed with the Securities and Exchange Commission and do not includeall information and footnotes required by U.S. generally accepted accounting principles ("GAAP") for complete financial statements.The information furnished reflects all adjustments, consisting of normal recurring adjustments, that are, in the opinion of management,necessary for a fair statement of the results of operations, cash flows and financial position for the interim periods presented. The Significant Accounting Policies Our significant accounting policies are detailed in “Note 1 - Basis of Presentation and Significant Accounting Policies” of our Annual Accounting Standards Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, whichexpands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreignjurisdictions. The update will be effective for annual periods beginning after December 15, 2024 (fiscal 2026). Adoption of this ASUwill result in additional disclosure, but will not impact the Company's consolidated financial position, results of operations or cash In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting Comprehensive Income Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, requiring companies to provide more detailed andorganized disclosures of their expenses. Disclosures will include disaggregation of expense captions presented on the face of theincome statement into specific categories, such as purchases of inventory, employee compensation, and costs related to depreciation Other accounting pronouncements issued but not effective until after December31, 2025 are not expected to have a material impact onthe Company's consolidated financial position, results of operations, or cash flows. Note 2 – Revenue Remaining Performance Obligations We had $1.0 bil