TULSA, Okla., May 08, 2024 (GLOBE NEWSWIRE) — Matrix Service CompanyStorage and Terminals Solutions segment revenue decreased to $54.3 million in the third quarter of fiscal 2024 as compared to $62.4 million in the second quarter of fiscal 2024 as a result of lower volumes of work for flat-bottom tank repair and maintenance. Gross margin of 4.3% in the third quarter of fiscal 2024 benefited from strong project execution; however, margins were negatively impacted by under-recovery of construction overhead costs due to low revenue volumes.Senior Director, Investor Relations
T: 918-359-8267
Email: [email protected] Condensed Consolidated Statements of Income(unaudited)(In thousands, except per share data)2024202320242023Condensed Consolidated Balance Sheets(unaudited)(In thousands)20242023Condensed Consolidated Balance Sheets (continued)(unaudited)(In thousands, except share data)20242023Condensed Consolidated Statements of Cash Flows(unaudited)(In thousands)20242023Results of Operations(unaudited)(In thousands)(In thousands, except per share data)2024202320242023

^{(1)
(GlobeNewsWire)}