Update: Matrix Services Company Fourth Quarter And Full-Year 2014 Earnings
Rochelle Jenks • Thu, Sep. 18
- Matrix Services reported fourth quarter and full-year results which resulted in a severe share price adjustment.
- As expected, Matrix grew fourth quarter revenue (46.2%) and full-year revenue (41.5%) by far more than its strategic revenue growth goal of 12%-15%. Its backlog also hit another all-time high.
- As recommended, Matrix should be accumulated on pullbacks, even this one.