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Stock impact report

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Matrix Service Company - MTRX

Matrix Service Company (MTRX) 
Last matrix service company earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, Feb. 18, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Matrix Service Company  ("Matrix" or the "Company") (NASDAQ: MTRX).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.The investigation concerns whether Matrix and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On February 6, 2020, Matrix announced its financial and operating results for the second fiscal quarter and disclosed that it had recorded a goodwill impairment of $24.9 million in its Electrical Infrastructure segment.  In a press release, Matrix 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 advised investors Show less Read more
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