Matrix Service Company Announces Award of Two Capital Projects in Iron and Steel Industry
TULSA, Okla., Sept. 12, 2017 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq:MTRX) announced today that its subsidiary, Matrix NAC, has been awarded two separate blast furnace repair projects in the iron and steel industry, both of which will enhance the infrastructure, stability, efficiency and material handling of the associated facilities.
"With some improvement in commodity prices in early calendar 2017, together with the domestic steel industry's expectation for import protection and increased infrastructure spending, we are seeing an uptick in spending levels after a very challenging period," said John R. Hewitt, CEO of Matrix Service Company. "We're proud of our position as a premier contractor to the integrated iron and steel industry as demonstrated by these two awards, and look forward to partnering with this customer to complete these projects safely, on time and on budget."
About Matrix Service Company
Founded in 1984, Matrix Service Company is parent to a family of companies that include Matrix Service, Matrix NAC, Matrix PDM Engineering and Matrix Applied Technologies. Our subsidiaries design, build and maintain infrastructure critical to North America's energy, power and industrial markets. Matrix Service Company is headquartered in Tulsa, Oklahoma with subsidiary offices located throughout the United States and Canada, as well as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based on four key operating segments: Electrical Infrastructure, Storage Solutions, Oil Gas & Chemical and Industrial. To learn more about Matrix Service Company, visit matrixservicecompany.com.
For more information, please contact:
Matrix Service Company
Kevin S. Cavanah
Vice President and CFO
Alpha IR Group
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