Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - MATRIX SERVICE CO | d380067d8k.htm |
Exhibit 99
| Fiscal 2012 | ||||||||||||
| (Unaudited, in thousands) | ||||||||||||
| Three Months Ended | ||||||||||||
| September 30, 2011 |
December 31, 2011 |
March 31, 2012 |
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| Gross revenues |
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| Electrical Infrastructure |
$ | 22,012 | $ | 43,628 | $ | 37,621 | ||||||
| Oil Gas & Chemical |
45,999 | 49,750 | 55,569 | |||||||||
| Storage Solutions |
95,922 | 99,710 | 88,326 | |||||||||
| Industrial |
6,575 | 8,076 | 3,112 | |||||||||
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| $ | 170,508 | $ | 201,164 | $ | 184,628 | |||||||
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| Less: Intersegment revenues |
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| Electrical Infrastructure |
$ | — | $ | — | $ | — | ||||||
| Oil Gas & Chemical |
175 | 33 | — | |||||||||
| Storage Solutions |
1,012 | 167 | 729 | |||||||||
| Industrial |
— | — | — | |||||||||
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| $ | 1,187 | $ | 200 | $ | 729 | |||||||
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| Consolidated revenues |
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| Electrical Infrastructure |
$ | 22,012 | $ | 43,628 | $ | 37,621 | ||||||
| Oil Gas & Chemical |
45,824 | 49,717 | 55,569 | |||||||||
| Storage Solutions |
94,910 | 99,543 | 87,597 | |||||||||
| Industrial |
6,575 | 8,076 | 3,112 | |||||||||
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| $ | 169,321 | $ | 200,964 | $ | 183,899 | |||||||
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| Gross profit |
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| Electrical Infrastructure |
$ | 2,785 | $ | 4,991 | $ | 4,809 | ||||||
| Oil Gas & Chemical |
4,347 | 4,936 | 5,015 | |||||||||
| Storage Solutions |
10,387 | 12,689 | 9,999 | |||||||||
| Industrial |
574 | 482 | (52 | ) | ||||||||
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| $ | 18,093 | $ | 23,098 | $ | 19,771 | |||||||
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| Operating income |
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| Electrical Infrastructure |
$ | 729 | $ | 2,492 | $ | 2,540 | ||||||
| Oil Gas & Chemical |
1,412 | 2,410 | 1,922 | |||||||||
| Storage Solutions |
4,226 | 6,547 | 3,745 | |||||||||
| Industrial |
243 | (249 | ) | (792 | ) | |||||||
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| $ | 6,610 | $ | 11,200 | $ | 7,415 | |||||||
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| Fiscal 2011 (Unaudited, in thousands) Three Months Ended |
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| September 30, 2010 |
December 31, 2010 |
March 31, 2011 |
June 30, 2011 |
Total | ||||||||||||||||
| Gross revenues |
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| Electrical Infrastructure |
$ | 46,905 | $ | 50,428 | $ | 28,825 | $ | 24,907 | $ | 151,065 | ||||||||||
| Oil Gas & Chemical |
28,627 | 35,058 | 32,501 | 47,567 | 143,753 | |||||||||||||||
| Storage Solutions |
67,131 | 80,175 | 68,616 | 83,840 | 299,762 | |||||||||||||||
| Industrial |
9,314 | 9,966 | 6,785 | 7,869 | 33,934 | |||||||||||||||
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| $ | 151,977 | $ | 175,627 | $ | 136,727 | $ | 164,183 | $ | 628,514 | |||||||||||
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| Less: Intersegment revenues |
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| Electrical Infrastructure |
$ | 7 | $ | — | $ | — | $ | — | $ | 7 | ||||||||||
| Oil Gas & Chemical |
8 | 113 | 255 | 23 | 399 | |||||||||||||||
| Storage Solutions |
124 | 262 | 139 | 531 | 1,056 | |||||||||||||||
| Industrial |
— | — | — | — | — | |||||||||||||||
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| $ | 139 | $ | 375 | $ | 394 | $ | 554 | $ | 1,462 | |||||||||||
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| Consolidated revenues |
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| Electrical Infrastructure |
$ | 46,898 | $ | 50,428 | $ | 28,825 | $ | 24,907 | $ | 151,058 | ||||||||||
| Oil Gas & Chemical |
28,619 | 34,945 | 32,246 | 47,544 | 143,354 | |||||||||||||||
| Storage Solutions |
67,007 | 79,913 | 68,477 | 83,309 | 298,706 | |||||||||||||||
| Industrial |
9,314 | 9,966 | 6,785 | 7,869 | 33,934 | |||||||||||||||
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| $ | 151,838 | $ | 175,252 | $ | 136,333 | $ | 163,629 | $ | 627,052 | |||||||||||
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| Gross profit |
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| Electrical Infrastructure |
$ | 5,521 | $ | 5,637 | $ | 3,846 | $ | 3,333 | $ | 18,337 | ||||||||||
| Oil Gas & Chemical |
2,224 | 3,405 | 3,480 | 4,538 | 13,647 | |||||||||||||||
| Storage Solutions |
7,144 | 9,813 | 10,245 | 11,577 | 38,779 | |||||||||||||||
| Industrial |
813 | 913 | 999 | 1,426 | 4,151 | |||||||||||||||
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| $ | 15,702 | $ | 19,768 | $ | 18,570 | $ | 20,874 | $ | 74,914 | |||||||||||
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| Operating income |
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| Electrical Infrastructure |
$ | 3,083 | $ | 3,057 | $ | 1,661 | $ | 1,310 | $ | 9,111 | ||||||||||
| Oil Gas & Chemical |
(229 | ) | 877 | 846 | 1,611 | 3,105 | ||||||||||||||
| Storage Solutions |
1,949 | 4,276 | 4,654 | 5,733 | 16,612 | |||||||||||||||
| Industrial |
310 | 422 | 479 | 861 | 2,072 | |||||||||||||||
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| $ | 5,113 | $ | 8,632 | $ | 7,640 | $ | 9,515 | $ | 30,900 | |||||||||||
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| Fiscal 2010 | ||||||||||||||||||||
| (Unaudited, in thousands) | ||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||
| September 30, 2009 (a) |
December 31, 2009 (b) |
March 31, 2010 (c) |
June 30, 2010 (d) |
Total | ||||||||||||||||
| Gross revenues |
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| Electrical Infrastructure |
$ | 20,482 | $ | 22,286 | $ | 24,998 | $ | 35,249 | $ | 103,015 | ||||||||||
| Oil Gas & Chemical |
38,425 | 47,025 | 34,468 | 30,426 | 150,344 | |||||||||||||||
| Storage Solutions |
74,309 | 76,369 | 56,209 | 65,418 | 272,305 | |||||||||||||||
| Industrial |
5,453 | 5,420 | 6,890 | 9,859 | 27,622 | |||||||||||||||
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| $ | 138,669 | $ | 151,100 | $ | 122,565 | $ | 140,952 | $ | 553,286 | |||||||||||
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| Less: Intersegment revenues |
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| Electrical Infrastructure |
$ | 21 | $ | — | $ | — | $ | — | $ | 21 | ||||||||||
| Oil Gas & Chemical |
589 | 409 | 407 | 55 | 1,460 | |||||||||||||||
| Storage Solutions |
409 | 266 | 145 | 171 | 991 | |||||||||||||||
| Industrial |
— | — | — | — | — | |||||||||||||||
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| $ | 1,019 | $ | 675 | $ | 552 | $ | 226 | $ | 2,472 | |||||||||||
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| Consolidated revenues |
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| Electrical Infrastructure |
$ | 20,461 | $ | 22,286 | $ | 24,998 | $ | 35,249 | $ | 102,994 | ||||||||||
| Oil Gas & Chemical |
37,836 | 46,616 | 34,061 | 30,371 | 148,884 | |||||||||||||||
| Storage Solutions |
73,900 | 76,103 | 56,064 | 65,247 | 271,314 | |||||||||||||||
| Industrial |
5,453 | 5,420 | 6,890 | 9,859 | 27,622 | |||||||||||||||
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| $ | 137,650 | $ | 150,425 | $ | 122,013 | $ | 140,726 | $ | 550,814 | |||||||||||
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| Gross profit |
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| Electrical Infrastructure |
$ | 3,398 | $ | 3,611 | $ | 3,779 | $ | 2,501 | $ | 13,289 | ||||||||||
| Oil Gas & Chemical |
3,278 | 3,914 | 3,278 | (1,349 | ) | 9,121 | ||||||||||||||
| Storage Solutions |
9,824 | 10,456 | 5,453 | 2,073 | 27,806 | |||||||||||||||
| Industrial |
917 | 461 | 783 | 545 | 2,706 | |||||||||||||||
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| $ | 17,417 | $ | 18,442 | $ | 13,293 | $ | 3,770 | $ | 52,922 | |||||||||||
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| Operating income |
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| Electrical Infrastructure |
$ | 1,599 | $ | 1,601 | $ | (311 | ) | $ | 612 | $ | 3,501 | |||||||||
| Oil Gas & Chemical |
893 | 1,273 | 643 | (3,658 | ) | (849 | ) | |||||||||||||
| Storage Solutions |
4,449 | 4,849 | 165 | (3,280 | ) | 6,183 | ||||||||||||||
| Industrial |
390 | (657 | ) | (452 | ) | (363 | ) | (1,082 | ) | |||||||||||
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| $ | 7,331 | $ | 7,066 | $ | 45 | $ | (6,689 | ) | $ | 7,753 | ||||||||||
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| (a) | The Oil Gas & Chemical segment included a charge of $0.3 million and the Storage Solutions segment included a charge of $0.9 million relating to a legal matter. These charges were recorded as a reduction to gross profit. |
| (b) | The Electrical Infrastructure segment and the Industrial segment included charges of $0.2 million and $0.6 million respectively for claims receivable excess collection costs. These costs were recorded as selling, general and administrative costs. |
| (c) | The Oil Gas & Chemical segment and the Storage Solutions segment included charges of $0.2 million and $0.5 million relating to a legal matter. These charges were recorded as a reduction to gross profit. The Electrical Infrastructure and Industrial segments included charges of $0.2 million and $0.4 million for claims receivable collection costs that were recorded as selling, general and administrative costs. Finally, the Electrical Infrastructure and Industrial segments included costs of $2.5 million and $0.4 million related to claims receivable write-offs. The write-offs were included as selling, general and administrative costs. |
| (d) | The Oil Gas & Chemical segment included a charge of $4.6 million related to projects at a Gulf Coast site. This charge was recorded as a reduction to gross profit. The Oil Gas & Chemical and Storage Solutions segment included charges of $0.7 million and $2.4 million related to a legal matter. These charges were recorded as a reduction to gross profit. Finally, the Electrical Infrastructure and Industrial segments included charges of $0.1 million and $0.3 million related to claims receivable excess collection costs. These charges were recorded as an increase to selling, general and administrative costs. |