MATRIX SERVICE CO Earnings Per Share Disclosure
| Fiscal Years Ended | ||||||||||||||||||||
| June 30, 2025 | June 30, 2024 | June 30, 2023 | ||||||||||||||||||
| (In thousands, except per share data) | ||||||||||||||||||||
| Basic EPS: | ||||||||||||||||||||
| Net loss | $ | (29,462) | $ | (24,976) | $ | (52,361) | ||||||||||||||
| Weighted average shares outstanding | 27,769 | 27,379 | 26,988 | |||||||||||||||||
| Basic loss per share | $ | (1.06) | $ | (0.91) | $ | (1.94) | ||||||||||||||
| Diluted EPS: | ||||||||||||||||||||
| Weighted average shares outstanding—basic | 27,769 | 27,379 | 26,988 | |||||||||||||||||
| Diluted weighted average shares | 27,769 | 27,379 | 26,988 | |||||||||||||||||
| Diluted loss per share | $ | (1.06) | $ | (0.91) | $ | (1.94) | ||||||||||||||
| Fiscal Years Ended | |||||||||||||||||
| June 30, 2025 | June 30, 2024 | June 30, 2023 | |||||||||||||||
| (In thousands) | |||||||||||||||||
| Nonvested restricted stock units | 999 | 863 | 97 | ||||||||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.