News/Resources Main Image

Events

21
March
24
March
Minneapolis, MN
1004
booth no
8
June
10
June
Houston, TX
561
booth no
28
Sept
30
Sept
Las Vegas, NV
443
booth no
02
Nov
04
Nov
Hauge, Netherlands
48
booth no
Book a Meeting

Videos

Press Releases

MATRIX SERVICE SELECTED BY NORTHROP GRUMMAN FOR TWO SEPARATE THERMAL VACUUM CHAMBER PROJECTS

TULSA, Okla., July 18, 2022 – Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix Service Inc., has been selected by Northrop Grumman for two thermal vacuum chamber projects, the first of which is the Engineering Procurement and Construction (EPC) for a new state-of-the-art thermal vacuum chamber at Northrop Grumman’s Gilbert, Arizona campus. The EPC work for the Gilbert project was awarded in the fourth quarter of Fiscal 2022, following a previous award for the Front-End Engineering Design (FEED).
In the third quarter of Fiscal 2022, Matrix Service was awarded a second project for EPC work related to the modernization of a thermal vacuum chamber at Northrop Grumman’s Space Park in Redondo Beach, California.
The thermal vacuum chamber in Gilbert is part of Northrop Grumman’s expansion of its satellite engineering and manufacturing operations in Arizona, which was completed in April 2022. The state-of-the-art facility provides design, manufacturing, assembly, integration, and testing in support of high-profile satellite missions including critical science missions for NASA in addition to other programs that support national security.
The Space Park project, which has already begun, will include EPC work on an existing thermal vacuum chamber to bring it to modern, state-of-the-art condition and will include replacement of existing thermal shrouds and mechanically insulated piping, as well as installation of advanced technology and state-of-the-art Human Machine Interface (HMI) controls.
The FEED and final design and engineering on both projects will be completed by Matrix Service sister company, Matrix PDM Engineering.
Long known for its expertise in the design, engineering, and construction of thermal vacuum chambers, Matrix has designed more than 70 vacuum chambers for both the aerospace industry and government laboratories.
“With more than 60 years of experience in thermal vacuum chambers, this project supports our strategy of drawing on our engineering expertise to meet our customers’ needs from concept to completion and also highlights our capabilities in designing and constructing highly complex specialty vessels,” said Matrix Service Company President and CEO John R. Hewitt. “We are very proud of our team’s work with the aerospace industry and value the opportunity to support Northrop Grumman’s infrastructure and technology needs. We appreciate the trust and confidence the technology company has placed in Matrix and look forward to delivering the highest quality possible – safely, on-time, and on budget.”

Read the full release

RETIRED FLUOR CORPORATION EXECUTIVE JOSE BUSTAMANTE NAMED TO MATRIX SERVICE COMPANY BOARD OF DIRECTORS

TULSA, Okla., May 16, 2022 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) today announced the addition of Jose Luis Martin de Bustamante to the Company’s Board of Directors.

“We are excited to welcome Jose to the Matrix Service Company Board of Directors. His long-standing history of leadership at Fluor Corporation, together with his proven expertise in business development, contracting, and managing large, complex projects across a wide range of end-markets, will be invaluable as Matrix responds to growing opportunities,” said Chairman of the Board Jim Mogg.

Read the full release

HENSEL PHELPS CONSTRUCTION COMPANY SELECTS MATRIX SERVICE FOR EPC OF THREE STORAGE TANKS TO EXPAND JET FUEL CAPACITY AT HOUSTON HOBBY AIRPORT

TULSA, Okla., May 10, 2022 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix Service Inc., has been selected by Hensel Phelps Construction Company (“Hensel Phelps”) for the engineering, procurement, and construction (EPC) of three storage tanks for jet fuel at Houston Hobby Airport. The project is part of an expansion at an existing fuel facility and will add an additional 120,000 barrels in capacity.

Construction is expected to begin in early July 2022, with all three tanks in-service by late 2022.

Read the full release

MATRIX SERVICE BEGINS CONSTRUCTION ON SMALL SCALE BORON FACILITY, THE FIRST NEW U.S. BASED SOURCE OF BORON PRODUCTION IN MORE THAN 50 YEARS

Facility precedes the construction of large-scale boron and lithium complex, providing critical and domestically sourced materials, key enablers for decarbonization applications

TULSA, Okla., May 09, 2022 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix Service Inc. (“Matrix Service”) has begun construction on a Small-Scale Boron Facility (SSBF) for 5E Advanced Materials, Inc. in Newberry Springs, California.

Read the full release

Matrix Service Company Reports Third Quarter Fiscal 2022 Results

TULSA, Okla., May 09, 2022 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today reported financial results for its third quarter of fiscal 2022.
Key highlights:

  • Project awards in the quarter of $179.7 million bring year-to-date awards to $638.7 million, an 81% increase
    compared to first nine months of the prior year, resulting in a book-to-bill of 1.3 year-to-date
  • Recent notable awards include thermal vacuum chambers, electrical infrastructure projects, construction of a borate mining facility, and early engineering for an LNG export terminal
  • Backlog increased to $594.2 million, an increase of 28% compared to the start of the fiscal year
  • Liquidity of $86.8 million and no debt
  • Third quarter revenue of $177.0 million and loss per fully diluted share of $1.30; adjusted loss per fully diluted
    share of $0.50(1) excluding one-time non-cash items

Read the full release

MATRIX PDM ENGINEERING AWARDED EPC FOR EXPANSION OF NATURAL GAS PROCESSING FACILITY TO DOUBLE EXISTING FACILITY CAPACITY

TULSA, Okla., March 15, 2022 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading North American industrial engineering and construction company, announced that an industry leading company in the natural gas value chain has awarded Matrix PDM the engineering, procurement, and construction of the expansion of a natural gas processing facility to double existing facility capacity.

“North American natural gas infrastructure for gathering, processing, and transmission is critical to supporting both global energy demand and the clean energy transition, and we are pleased to support our client on this and other projects,” said Matrix Service Company President and Chief Executive Officer John R. Hewitt.

Read the full release