Matrix Service Co - Company Profile
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Matrix Service Co (Matrix) is a diversified company that provides fabrication, engineering, infrastructure, construction and maintenance services. It focuses on turnaround activities, plant maintenance, construction in the downstream petroleum industry, industrial cleaning services, vacuum services, construction of new substations, upgradation of existing substations, short-run transmission line installations, distribution upgradation, storm restoration services, bulk material handling, and fertilizer production facilities. The company offers aboveground storage tank products such as aluminum internal floating roofs, geodesic domes, floating suction and skimmer systems, floating roof seals and roof drain systems. It serves oil and gas, power, petrochemical, industrial, mining and minerals markets. The company operates through its subsidiaries in the US, Canada and other international markets. The company is headquartered in Tulsa, Oklahoma, the US.
Headquarters
United States of America
Address
15 East 5th Street, Suite 1100, Tulsa, Oklahoma, 74103
Website
www.matrixservicecompany.com
Telephone
1 918 8388822
No of Employees
2,545
Industry
Construction
Ticker Symbol & Exchange
MTRX (NASD)
Revenue (2023)
$795.0M
12.3%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
18.1%
(2023 vs 2022)
Market Cap*
$321.4M
Net Profit Margin (2023)
XYZ
27.0%
(2023 vs 2022)
* As of and is in US$
Matrix Service Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| - | - |
| Geodesic Domes | Turnkey Construction |
| Floating Roof Seals | Civil Construction |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with Wolftank Group to offer mobile hydrogen refuel solutions in the USA. |
| 2022 | Contracts/Agreements | In August, the company entered into a memorandum of understanding with Korea Gas for the development of the hydrogen economy in South Korea. |
| 2021 | Contracts/Agreements | In October, the company’s subsidiary Matrix Service Inc has been awarded the engineering, fabrication and construction of seven storage tanks at Calumet Specialty Products Partners, L.P. facility in Great Falls, Montana. |
Competitor Comparison
| Key Parameters | Matrix Service Co | Primoris Services Corp | Day & Zimmermann Group Inc | Aegion Corp | Alberici Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Tulsa | Dallas | Philadelphia | St. Louis | St. Louis |
| State/Province | Oklahoma | Texas | Pennsylvania | Missouri | Missouri |
| No. of Employees | 2,545 | 2,509 | 41,000 | - | 2,500 |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John D. Chandler | Chairman | Executive Board | 2023 | 51 |
| John R. Hewitt | Chief Executive Officer; President; Director | Executive Board | 2011 | 65 |
| Kevin S. Cavanah | Chief Financial Officer; Vice President | Senior Management | 2010 | 58 |
| Alan R. Updyke | Vice President; Chief Operating Officer | Senior Management | 2020 | 63 |
| Nancy E. Austin | Vice President; Chief Administrative Officer | Senior Management | 2016 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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