Professional
Added to YB: 2026-01-28
Pitch date: 2026-01-26
MTRX [neutral]
Matrix Service Company
-20.36%
current return
Author Info
Long Cast Advisers seeks to grow wealth through long-term concentrated investing in small-cap stocks. Follow on Twitter/X.
Company Info
Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally.
Market Cap
$322.4M
Pitch Price
$13.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.57
P/E
-16.66
EV/Sales
0.17
Sector
Construction and Engineering
Category
turnaround
Long Cast Advisers Portfolio Holding: Matrix Service Company
MTRX (holding update): Despite high backlog, bear case is unprofitable execution and recent results support this. However, the investor believes they are near an inflection point; profitability expected next quarter could force re-rating from <8x EBITDA multiple. $16M EBITDA from D&A/stock comp alone. Gulf Coast refineries resuming Venezuelan crude processing could provide additional upside.
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