Matrix Reports Earnings of 23 Cents Per Share

Matrix Service Co., an industrial services company, today reported its financial results for the first quarter of fiscal 2008 ended August 31, 2007.
Total revenues for the quarter were $161.3 million compared to $126.9 million recorded in the first quarter of fiscal 2007.
Net income for the first quarter of fiscal 2008 was $6.3 million, or $0.23 per fully diluted share, which compares favorably to prior year first quarter net income of $3.0 million, or $0.12 per fully diluted share.
Backlog at August 31, 2007 stood at $499.2 million which is a $39.2 million increase over our May 31, 2007 backlog of $460.0 million.
Construction Services revenues for the first quarter of fiscal 2008 were $98.8 million compared to $76.8 million in the same period a year earlier.



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