Matrix Service Company (MTRX)

11.53 -0.24 (-2.04%) At close: 04:00PM EDT

Matrix Service Company

15 E. 5th Street
Suite 1100
Tulsa, OK 74103
United States
918 838 8822
https://www.matrixservicecompany.com

Sector(s): Industrials
Industry: Engineering & Construction
Full-time employees: 2,545

Key executives

Name	Title	Pay	Exercised	Year born
Mr. John R. Hewitt	CEO, President & Director	836.85k	N/A	1958
Mr. Kevin S. Cavanah	VP, CFO & Treasurer	499.31k	N/A	1964
Mr. Alan R. Updyke	VP, COO & Interim President of Matrix NAC	532.58k	N/A	1961
Mr. Glyn A. Rodgers	President of Matrix PDM Engineering	401.39k	N/A	1958
Mr. Shawn P. Payne	President of Matrix Service Inc	416.42k	N/A	1972
Ms. Nancy E. Austin-Downs	Chief Administrative Officer & VP	N/A	N/A	1967
Kellie Smythe	Senior Director of Investor Relations	N/A	N/A	N/A
Mr. Justin D. Sheets	VP, General Counsel, Corporate Compliance Officer & Secretary	N/A	N/A	1978
Ms. Melissa K. Gilliland	Vice President of Human Resources	N/A	N/A	N/A
Mr. Kevin A. Durkin	VP and Chief Business Development & Strategy Officer	N/A	N/A	1962

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions. The Utility and Power Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, and upgrades and maintenance, and emergency and storm restoration services. This segment also provides engineering, fabrication, and construction services for LNG utility peak shaving facilities; and construction and maintenance services to power generation facilities, including natural gas fired facilities. The Process and Industrial Facilities segment engages in the refining and processing of crude oil; fractionating and marketing of natural, gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction services. The Storage and Terminal Solutions segment undertakes work related to aboveground crude oil and refined product storage tanks and terminals; engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum; and provides plant work, truck and rail loading/offloading facilities, and marine structures, as well as storage tank and terminal maintenance and repair. This segment also manufactures and sells precision engineered specialty tank products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma.

Corporate governance

Matrix Service Company’s ISS governance QualityScore as of 1 April 2024 is 2. The pillar scores are Audit: 3; Board: 1; Shareholder rights: 4; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.