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Matrix Service's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Matrix Service (MTRX)

Q2 2012 Earnings Call

February 09, 2012 11:00 am ET

Executives

Kevin S. Cavanah - Chief Financial Officer, Vice President, Chief Accounting Officer and Secretary

John R. Hewitt - Chief Executive Officer, President and Director

Analysts

Matt Duncan - Stephens Inc., Research Division

Tahira Afzal - KeyBanc Capital Markets Inc., Research Division

Richard Wesolowski - Sidoti & Company, LLC

Michael J. Harrison - First Analysis Securities Corporation, Research Division

John Rogers - D.A. Davidson & Co., Research Division

Ross Taylor - Somerset Capital Advisers LLC

Presentation

Operator

Greetings, and welcome to Matrix Service Company Fiscal 2012 Second Quarter Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Kevin Cavanah. Thank you, Mr. Cavanah. You may begin.

Kevin S. Cavanah

Good morning, and thank you for joining us today to discuss the results for our second quarter ended December 31, 2012 (sic) [2011]. I would now like to take a moment to read the following. Various remarks that the company may make about future expectations, plans and prospects for Matrix Service Company constitute forward-looking statements for the purposes of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various factors, including those disclosed in our annual report on Form 10-K for our fiscal year ended June 30, 2011, and in subsequent filings made by the company with the SEC.

Before I turn the call over to John Hewitt, President and CEO of Matrix Service, I would like to review our financial results. In the second quarter we earned $0.27 per fully diluted share on revenues of $201 million compared to $0.20 per fully diluted share on revenue of $175.3 million in the same period last year. The second quarter revenue represents a 14.7% increase over the same quarter last year and the highest quarterly revenue in our company's history. Improvements in both the Construction Services and the Repair and Maintenance Services segments contributed to this performance.

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