Key Developments For Matrix Service Company
Matrix Service Company (MTRX.O) (Nasdaq)
Matrix Service Company Reaffirms FY 2010 EPS Guidance
Matrix Service Company reaffirmed its earnings guidance range of $0.80 to $1.10 per fully diluted share for fiscal 2010. According to Reuters Estimates, analysts are expecting the Company to report earnings of $0.94 per share for the same period.
Matrix Service Company Issues FY 2010 EPS Guidance In Line With Analysts' Estimates
Matrix Service Company announced that for fiscal 2010, it expects earnings to be in the range of $0.80-$1.10 per share (EPS). According to Reuters Estimates, analysts are expecting the Company to report EPS of $1.03 for the same period.
Matrix Service Company Issues FY 2009 EPS Guidance Below Analysts' Estimates
Matrix Service Company announced that for fiscal 2009, it expects fully diluted EPS in the range of $1.10 to $1.25. According to Reuters Estimates, analysts were expecting the Company to report EPS of $1.34 for fiscal 2009.
Matrix Service Company Announces Repurchase Program of Up To 3 Million Shares
Matrix Service Company announced that its Board of Directors approved a new share repurchase program authorizing the repurchase of up to 3 million shares of the Company's common stock with an annual cap of $25 million in share repurchases. The program will be effective through December 31, 2012.
Matrix Service Company Acquires S.M. Electric Co.
Matrix Service Company announced that its wholly owned subsidiary, Matrix Service Industrial Contractors, Inc. has acquired S.M. Electric Company, Inc., based in Rahway, New Jersey. S.M. Electric is a privately owned, mid sized electrical contracting firm. The acquisition was funded with cash on hand, however, specific terms of the transaction were not disclosed.
