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Stock impact report

MATRIX SERVICE COMPANY ALERT: Bragar Eagel & Squire, P.C. is Investigating Matrix Service Company on Behalf of Stockholders and Encourages Investors to Contact the Firm

Matrix Service Company (MTRX) 
Last matrix service company earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Matrix Service Company (NASDAQ: MTRX) on behalf of Matrix stockholders. Our investigation concerns whether Matrix has violated the federal securities laws and/or engaged in other unlawful business practices.Click here to participate in the action.On February 6, 2020, in connection with second quarter 2020 results, Matrix recorded a goodwill impairment of $24.9 million in its Electrical Infrastructure segment. In a press release, the Company stated that “the impairment of the goodwill was due to the financial performance of portions of the power delivery business that led to depressed gross margins, which accelerated during the second quarter.” As a result, Matrix is “implementing significant changes to the operations and management of its Electrical Infrastructure segment, including changes to leadership, modifications to operational proce Show less Read more
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