Matrix NAC Awarded Multiple Electrical Infrastructure Contracts in the First Quarter of Fiscal 2022
October 13 2021 - 4:05PM
Matrix Service Company (Nasdaq: MTRX)
announced today that in the first quarter of Fiscal 2022, its
subsidiary, Matrix NAC, has been awarded multiple contracts for
electrical infrastructure work that, in aggregate, totals
approximately $50 million. Among the projects are substation
rebuilds, relay upgrades, and fiber installation.
“We are extremely proud to have been selected
for these projects, which serve to underscore our premier brand
position in the northeastern U.S. and demonstrate the continued
trust our clients have in our teams to complete these important
infrastructure projects with the highest level of safety and
quality,” said Matrix Service Company CEO John R. Hewitt.
In addition to these recent awards, over the past year Matrix
NAC has increased its Contractor of Choice (COC) relationships by
seven, including those for substation electrical, transmission, and
distribution. Some of these recent awards are directly related to
our COC agreements and will also support continued growth in our
markets.
About Matrix Service CompanyMatrix Service
Company (Nasdaq: MTRX), through its subsidiaries, is a leading
North American industrial engineering, construction and maintenance
contractor headquartered in Tulsa, Oklahoma with offices located
throughout the United States and Canada, as well as Sydney,
Australia and Seoul, South Korea.
The Company reports its financial results in three key operating
segments: Utility and Power Infrastructure, Process and Industrial
Facilities, and Storage and Terminal Solutions.
With a focus on sustainability, building strong Environment,
Social and Governance (ESG) practices, and living our core values,
Matrix ranks among the Top Contractors by Engineering-News Record,
has been recognized for its Board diversification, is an active
signatory to CEO Action for Diversity and Inclusion, and is
consistently recognized as a Great Place to Work®. To learn more
about Matrix Service Company, visit www.matrixservicecompany.com
and read our inaugural Sustainability Report.
For more information please
contact:
Matrix Service Company: |
|
Kevin S.
Cavanah |
Kellie
Smythe |
Vice
President and CFO |
Senior
Director, Investor Relations |
T:
918-838-8822 |
T:
918-359-8267 |
Email:
ir@matrixservicecompany.com |
Email:
ksmythe@matrixservicecompany.com |
This release contains forward-looking statements
that are made in reliance upon the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These statements
are generally accompanied by words such as “anticipate,”
“continues,” “expect,” “forecast,” “outlook,” “believe,”
“estimate,” “should” and “will” and words of similar effect that
convey future meaning, concerning the Company’s operations,
economic performance and management’s best judgment as to what may
occur in the future. Future events involve risks and uncertainties
that may cause actual results to differ materially from those we
currently anticipate. The actual results for the current and future
periods and other corporate developments will depend upon a number
of economic, competitive and other influences, including those
factors discussed in the “Risk Factors” and “Forward Looking
Statements” sections and elsewhere in the Company’s reports and
filings made from time to time with the Securities and Exchange
Commission. Many of these risks and uncertainties are beyond the
control of the Company, and any one of which, or a combination of
which, could materially and adversely affect the results of the
Company's operations and its financial condition. We undertake no
obligation to update information contained in this release.
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