Matrix Service Company Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against Matrix Service Company (MTRX).

If you purchased or acquired Matrix Service securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About Matrix Service

Matrix Service Company is a provider of engineering, fabrication, construction, and maintenance services primarily serving the energy and industrial markets.

The company is known for its work on large-scale infrastructure projects, including crude oil terminals, storage solutions, and LNG facilities. Throughout fiscal year 2025, Matrix Service highlighted a strong project backlog and emphasized its ability to deliver on complex contracts.

Potential Concerns Under Investigation

Lawyers are investigating whether Matrix Service may have made misleading statements or omitted key information that could have impacted investors.

The investigation centers on a series of public statements and financial disclosures made during fiscal year 2025 and the significant stock price decline that followed the company’s fourth-quarter earnings release.

A pivotal event occurred on Sept. 9, 2025, when Matrix Service issued a press release and held an earnings call to announce its fiscal Q4 2025 results.

In this disclosure, the company revealed larger-than-expected losses and acknowledged several previously undisclosed issues, including a $14.9 million net income loss from labor cost overruns on a crude oil terminal project, increased reserves for a long-running contract dispute, an adverse court ruling related to a subcontractor, and restructuring charges.

Following this alleged corrective disclosure, Matrix Service’s share price dropped sharply by approximately 15.6%, falling from about $14.25 to $12.77 per share on Sept. 10, 2025. Analysts noted that this drop was not due to broader market forces but was possibly a direct reaction to the company’s disclosures.

Legal professionals may examine whether Matrix Service’s prior statements during fiscal year 2025 were misleading or incomplete. For example, on Nov. 6, 2024, CEO John Hewitt reiterated full-year revenue guidance of $900 to $950 million and highlighted a “near-record backlog."

In subsequent quarters, management allegedly continued to assure investors of accelerating revenue, margin improvement, and a return to profitability, while emphasizing strong project execution and backlog growth.

Even when guidance was modestly reduced, management allegedly attributed it to external factors rather than internal project issues. Lawyers may investigate whether these statements adequately disclosed the true extent of the company’s project cost overruns, contract disputes, and other financial challenges.

Attorneys could also investigate the magnitude of the financial impact on investors. With a per-share loss of about $1.50 and over 27 million shares outstanding, the aggregate class-wide damages could be significant.

Your Rights and Next Steps

Investors who purchased Matrix Service securities during the proposed class period and experienced financial losses may have important legal rights. This is currently an investigation, not a filed lawsuit, but it could lead to a class action if enough evidence of securities violations is found.

Lawyers are ready to help investors understand their options and determine whether they may be eligible to participate in any future class action.

If the investigation uncovers evidence that Matrix Service misled investors or failed to disclose crucial information, affected shareholders could seek to recover their losses through legal action.

It is important for investors to act quickly, as securities investigations are time-sensitive. By joining the investigation, investors can help ensure their interests are represented and that they are kept informed about any developments or potential recoveries.

You May Be Entitled to Compensation

If you purchased or acquired Matrix Service securities and suffered losses, you may be eligible to join this investigation and seek compensation. Securities investigations move quickly, and there are often deadlines to protect your rights.

To find out if you qualify and to take the next step, complete the form below to join the investigation. Lawyers are ready to help answer questions and guide investors through the process.