Matrix Service Company (NASDAQ:MTRX) Q4 2020 Earnings Conference Call - Final Transcript

Sep 03, 2020 • 10:30 am ET


Matrix Service Company (NASDAQ:MTRX) Q4 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Ladies and gentlemen, thank you for standing by, and welcome to the Matrix Service Company Conference Call to discuss results for the Fourth Quarter Fiscal 2020. [Operator Instructions] After the speakers' presentation, there will be question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Kellie Smythe, Senior Director of Investor Relations. Thank you. Please go ahead, ma'am.

Kellie Smythe

Good morning, and welcome to Matrix Service Company's fourth quarter and fiscal 2020 year-end earnings call. Participants on today's call will include John Hewitt, President and Chief Executive Officer; and Kevin Cavanah, Vice President and Chief Financial Officer. The presentation materials we will be referring to during the webcast today can be found under Events and Presentations on the Investor Relations section of website.

Before we begin, please let me remind you that on today's call, the company may make various remarks about future expectations, plans and prospects for Matrix Service Company that constitute forward-looking statements for 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 discussed in our annual report on Form 10-K for our fiscal year ended June 30, 2020, and in subsequent filings made by the company with the SEC. To the extent the company utilizes non-GAAP measures, reconciliations will be provided in various press releases, periodic SEC filings and on the company's website.

I will now turn the call over to John Hewitt, President and CEO of Matrix Service Company.

John R. Hewitt

Thank you, Kellie. Good morning, everyone and thank you for joining us. Before I begin, I'd like to once again express my thanks to all of our employees. This has been a very tough environment to work-in, and our team has truly outperformed. Our project execution has not suffered, and our strict adherence to health and safety protocols has ensured or first priority, the well-being of our employees. We reacted quickly to the health and safety conditions brought about by COVID-19 to protect our employees, suppliers and clients.

We also made significant changes to our organizational design and cost structure to improve our business performance. And finally, recognizing the generational transformation the pandemic has and will continue to have in our markets, the economy and our lives. We began to reshape our end-market strategies to find growth opportunities, sustainable work activity and improved bottom line results. I'm exceptionally proud of our leadership teams and diverse employee base as a demonstrated flexibility, resolve, innovation and foresight in the face of the most challenging global market conditions of our time.

While Kevin will review the details of our fiscal 2020 fourth quarter and full-year financial results, I'd like to share my perspectives on the year, as well as more about what we see for the future. Fiscal 2020 was a challenging year for Matrix Service Company, our industry and our clients. Throughout the year and despite significant challenges, Matrix Service Company achieved