Matrix

Q4 FY2026 EarningsFY2026 Q4 (full year) results missed consensus on the bottom line despite revenue coming in-line. Revenue of $873.6M was slightly below the $876.1M mean estimate, while GAAP EPS of -$0.09 significantly missed the expected $0.035 profit. The underperformance was driven by a sharp contraction in Process and Industrial Facilities margins and $10.0M in restructuring charges related to executive transitions and site closures. Backlog declined 31% YoY to $953M, suggesting a potential near-term revenue headwind despite a 14% YoY growth in realized sales.