Latest news with #JohnHewitt
Yahoo
08-05-2025
- Business
- Yahoo
Matrix Service (NASDAQ:MTRX) Misses Q1 Revenue Estimates
Industrial construction and maintenance company Matrix Service (NASDAQ:MTRX) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 20.6% year on year to $200.2 million. The company's full-year revenue guidance of $785 million at the midpoint came in 8.1% below analysts' estimates. Its non-GAAP loss of $0.12 per share was significantly below analysts' consensus estimates. Is now the time to buy Matrix Service? Find out in our full research report. Matrix Service (MTRX) Q1 CY2025 Highlights: Revenue: $200.2 million vs analyst estimates of $215.1 million (20.6% year-on-year growth, 6.9% miss) Adjusted EPS: -$0.12 vs analyst estimates of -$0.05 (significant miss) Adjusted EBITDA: $5,000 vs analyst estimates of $334,500 (0% margin, relatively in line) The company dropped its revenue guidance for the full year to $785 million at the midpoint from $875 million, a 10.3% decrease Operating Margin: -2.5%, up from -8.7% in the same quarter last year Free Cash Flow Margin: 14.3%, up from 12.1% in the same quarter last year Backlog: $1.41 billion at quarter end Market Capitalization: $338.5 million 'Our third quarter results reflect accelerating revenue, supported by backlog growth which advances our return to profitability and enhances our visibility into future earnings,' said John Hewitt, President and Chief Executive Officer of Matrix Service Company. Company Overview Founded in Oklahoma, Matrix Service (NASDAQ:MTRX) provides engineering, fabrication, construction, and maintenance services primarily to the energy and industrial markets. Sales Growth A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Matrix Service's demand was weak over the last five years as its sales fell at a 10.7% annual rate. This wasn't a great result and is a sign of lacking business quality. Matrix Service Quarterly Revenue Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Matrix Service's annualized revenue declines of 3.1% over the last two years suggest its demand continued shrinking. Matrix Service Year-On-Year Revenue Growth This quarter, Matrix Service generated an excellent 20.6% year-on-year revenue growth rate, but its $200.2 million of revenue fell short of Wall Street's high expectations. Looking ahead, sell-side analysts expect revenue to grow 28.9% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and suggests its newer products and services will spur better top-line performance.
Yahoo
07-05-2025
- Business
- Yahoo
With 75% ownership of the shares, Matrix Service Company (NASDAQ:MTRX) is heavily dominated by institutional owners
Key Insights Significantly high institutional ownership implies Matrix Service's stock price is sensitive to their trading actions The top 11 shareholders own 52% of the company Past performance of a company along with ownership data serve to give a strong idea about prospects for a business We check all companies for important risks. See what we found for Matrix Service in our free report. A look at the shareholders of Matrix Service Company (NASDAQ:MTRX) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 75% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's take a closer look to see what the different types of shareholders can tell us about Matrix Service. View our latest analysis for Matrix Service NasdaqGS:MTRX Ownership Breakdown May 7th 2025 What Does The Institutional Ownership Tell Us About Matrix Service? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Matrix Service does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Matrix Service's earnings history below. Of course, the future is what really matters. NasdaqGS:MTRX Earnings and Revenue Growth May 7th 2025 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Our data indicates that hedge funds own 5.5% of Matrix Service. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Our data shows that BlackRock, Inc. is the largest shareholder with 12% of shares outstanding. In comparison, the second and third largest shareholders hold about 5.5% and 5.1% of the stock. In addition, we found that John Hewitt, the CEO has 1.5% of the shares allocated to their name.
Yahoo
16-04-2025
- Business
- Yahoo
Construction and Maintenance Services Stocks Q4 In Review: Matrix Service (NASDAQ:MTRX) Vs Peers
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Matrix Service (NASDAQ:MTRX) and the rest of the construction and maintenance services stocks fared in Q4. Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies' offerings. The 13 construction and maintenance services stocks we track reported a mixed Q4. As a group, revenues missed analysts' consensus estimates by 0.9% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 12.1% since the latest earnings results. Founded in Oklahoma, Matrix Service (NASDAQ:MTRX) provides engineering, fabrication, construction, and maintenance services primarily to the energy and industrial markets. Matrix Service reported revenues of $187.2 million, up 6.9% year on year. This print exceeded analysts' expectations by 1.1%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts' EBITDA estimates but full-year revenue guidance missing analysts' expectations. 'We continued to execute on our diverse backlog of large, multi-year projects during the second quarter, culminating in sustained organic revenue growth in the period,' said John Hewitt, President and Chief Executive Officer of Matrix Service Company. Unsurprisingly, the stock is down 28.7% since reporting and currently trades at $10.01. Is now the time to buy Matrix Service? Access our full analysis of the earnings results here, it's free. Founded in 2001, Construction Partners (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains roads, highways, and other infrastructure projects. Construction Partners reported revenues of $561.6 million, up 41.6% year on year, outperforming analysts' expectations by 9.7%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Construction Partners delivered the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. The stock is down 6.5% since reporting. It currently trades at $79.23. Is now the time to buy Construction Partners? Access our full analysis of the earnings results here, it's free. Going public via SPAC in 2018, Concrete Pumping (NASDAQ:BBCP) is a provider of concrete pumping and waste management services in the United States and the United Kingdom. Concrete Pumping reported revenues of $86.45 million, down 11.5% year on year, falling short of analysts' expectations by 4.8%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. As expected, the stock is down 6.4% since the results and currently trades at $5.66. Read our full analysis of Concrete Pumping's results here. Constructing electrical and phone lines in the American Midwest dating back to the 1890s, MYR Group (NASDAQ:MYRG) is a specialty contractor in the electrical construction industry. MYR Group reported revenues of $829.8 million, down 17.4% year on year. This number lagged analysts' expectations by 6.6%. Taking a step back, it was a satisfactory quarter as it also recorded an impressive beat of analysts' EPS estimates but a miss of analysts' backlog estimates. MYR Group had the slowest revenue growth among its peers. The stock is down 10.7% since reporting and currently trades at $112.39. Read our full, actionable report on MYR Group here, it's free. Having played a role in the construction of the Hoover Dam, Granite Construction (NYSE:GVA) is a provider of infrastructure solutions for roads, bridges, and other projects. Granite Construction reported revenues of $977.3 million, up 4.7% year on year. This print beat analysts' expectations by 2.8%. However, it was a slower quarter as it logged a significant miss of analysts' adjusted operating income estimates and a significant miss of analysts' EBITDA estimates. The stock is down 11% since reporting and currently trades at $77.17. Read our full, actionable report on Granite Construction here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
Yahoo
28-01-2025
- Automotive
- Yahoo
Radical Motorsport celebrates milestone 3,000th car achievement
Radical Motorsport, the world-renowned British race car manufacturer, is proud to announce the production of its 3,000th race car on the company's 28th anniversary. This remarkable milestone underscores Radical's commitment and passion for motorsport that has driven the company into its third decade. The 3,000th car, a stunning example of Radical's iconic SR3, rolled off the production line at the company's Peterborough headquarters ready for delivery to long-term Radical customer and Radical Cup UK racer, John Hewitt. To mark this special occasion, the vehicle features a unique one-off chassis, powder-coated in bronze, with matching bronze wheels and decals, celebrating Radical's racing heritage. Founded in 1997, Radical Motorsport has revolutionised the motorsport industry by making high-performance racing accessible to enthusiasts and professionals alike. From grassroots racing to international championships, Radical has become synonymous with adrenaline-pumping performance and exceptional value. Now represented in over 20 countries by a 30+ strong dealer-network, it also supports 14 single-make Radical Cup championships around the world. Sprite Photography Despite a turbulent landscape for the UK automotive sector, Radical has achieved sustained profitability, growing both its domestic and international presence. While the broader industry faces challenges from declining production volumes and economic uncertainty, Radical has bucked the trend by focusing on niche markets, customer engagement, and global motorsport programs. 'Reaching the 3,000th car milestone is a testament to the dedication and talent of our team,' said Dan Redpath, chief commercial officer of Radical Motorsport. 'It's a proud moment not only for Radical but also for our customers and fans who have supported us through this incredible journey. Our success demonstrates that by focusing on what we do best – delivering world-class race cars and unrivalled customer experiences – we can thrive even in challenging times.' Fittingly, this milestone vehicle is being delivered to a UK customer, highlighting Radical's strong domestic ties and commitment to its local racing community. The date of 28th January marks 28 years exactly since the company was founded, ahead of debuting the first Radical model, the 1100 Clubsport, in April of that year at Brands Hatch. In just two years, there were enough Radical customers to fill an entire grid, and Radical racing as we know it today began. Story originally appeared on Racer
