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TheStreet Open House

Matrix Service Management Discusses Q4 2012 Results - Earnings Call Transcript

John R. Hewitt

Thank you, Kevin, and good morning, everyone. We appreciate you joining us on the call this morning. Before we discuss our fourth quarter and fiscal year results, as well as guidance for fiscal 2013, I want to provide an update on our strategic planned activities and highlight key strategic accomplishments in Matrix Service Company in the past year.

Matrix Service Company, finished our fiscal year with a consolidated OSHA recordable incident rate of 0.65, and with our major of SME group working 270 days without an OSHA recordable incident. We have a long way to go on our journey to a 0 incident rate, but our teams are making great progress. Our ability to continuously improve on these results is essential to our core values and the critical expectations of our clients.

On August 9, we introduced a new brand identity, logo and tagline to better reflect our expanded capabilities and to complement our strategic growth plans. We have transitioned from multiple brands to a master brand architecture that represents the company's full range of service capabilities and our strong industry experience. This is a culmination of many months of hard work from a broad team within the company, and I'll encourage you to visit our new corporate website at www.matrixservicecompany.com to see our logo and for more information.

This year, we restructured some of our operations away from a regional focus to one that is more market driven, which is complementary and supportive of our strategy and the new operating segments. These Operating segments: Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions, and Industrial provide greater internal focus and external transparency into our business and help us better tell the Matrix Service Company's story.

We continue to move forward on an important ERP infrastructure investment. This multi-year program will improve and upgrade our systems and processes across the organization. When complete, we expect to have a more efficient and consistent business process environment that supports our long-term growth plans.

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