12 unchanged sentences
The table below sets forth the information with respect to purchases made by the Company of its common stock during the fourth quarter of the fiscal year ended June 30, 2020:
−Removed: Average Price
−Removed: Total Number of
+Added: Purchased Average Price
+Added: Per Share Total Number of
Shares Purchased
1 unchanged sentence
Announced Plans
−Removed: Maximum Number of
+Added: or Programs Maximum Number of
Shares That May Yet
3 unchanged sentences
Share Repurchase Program (A)
+Added: — — — 1,349,037
Employee Transactions (B)
1 unchanged sentence
Share Repurchase Program (A)
+Added: — — — 1,349,037
Employee Transactions (B)
1 unchanged sentence
Share Repurchase Program (A)
+Added: — — — 1,349,037
Employee Transactions (B)
−Removed: Represents shares purchased under our stock buyback program.
−Removed: Represents shares withheld to satisfy the employee’s tax withholding obligation that is incurred upon the vesting of deferred shares granted under the Company’s stock incentive plans.
−Removed: On November 6, 2018, the Board of Directors approved a new stock buyback program (the “November 2018 Program”), which replaced the December 2016 Program.
+Added: (A) Represents shares purchased under our stock buyback program.
+Added: (B) Represents shares withheld to satisfy the employee’s tax withholding obligation that is incurred upon the vesting of deferred shares granted under the Company’s stock incentive plans.
+Added: (C) On November 6, 2018, the Board of Directors approved a new stock buyback program (the “November 2018 Program”), which replaced the December 2016 Program.
Under the November 2018 Program, the Company may repurchase common stock of the Company up to a maximum of $30.0 million per calendar year provided that the aggregate number of shares repurchased may not exceed 10%, or approximately 2.7 million, of the Company's shares outstanding as of November 6, 2018.
The November 2018 Program will continue unless and until it is modified or revoked by the Board of Directors.
+Added: Performance Graph
+Added: The following Performance Graph and related information shall not be deemed “soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that we specifically incorporate it by reference into such filing.
+Added: The following graph compares, for the period from June 30, 2015 to June 30, 2020, the cumulative stockholder return on our common stock with the cumulative total return of the NASDAQ Composite Index and the S&P Construction & Engineering Index.
+Added: The graph below assumes an investment of $100 (with reinvestment of all dividends) in our common stock, the NASDAQ Composite Index and the S&P Construction & Engineering Index on June 30, 2015 and tracks their relative performance through June 30, 2020.
+Added: The stock price performance reflected in the following graph is not necessarily indicative of future stock performance.
+Added: 2015 2016 2017 2018 2019 2020
+Added: Matrix Service Company $ 100.00 $ 90.21 $ 51.15 $ 100.38 $ 110.83 $ 53.17
+Added: NASDAQ Composite $ 100.00 $ 98.32 $ 126.14 $ 155.91 $ 168.04 $ 213.32
+Added: S&P Construction & Engineering $ 100.00 $ 97.70 $ 107.80 $ 118.42 $ 123.78 $ 125.74
Selected Financial Data
2 unchanged sentences
Fiscal Years Ended
−Removed: Cost of revenues
+Added: 2020 June 30,
+Added: 2019 June 30,
+Added: 2018 June 30,
+Added: 2017 June 30,
+Added: Revenue $ 1,100,938 $ 1,416,680 $ 1,091,553 $ 1,197,509 $ 1,311,917
+Added: Cost of revenue 998,762 1,284,729 999,617 1,116,506 1,185,926
+Added: Gross profit 102,176 131,951 91,936 81,003 125,991
Gross margin % 9.3 % 9.3 % 8.4 % 6.8 % 9.6 %
1 unchanged sentence
Selling, general and administrative % 7.8 % 6.6 % 7.7 % 6.4 % 6.5 %
+Added: Intangible asset impairments and restructuring costs 52,525 — 17,998 — —
Operating income (loss) (36,625) 37,930 (10,479) 4,859 40,882
6 unchanged sentences
Working capital 159,213 141,811 118,581 139,654 129,416
+Added: Total assets 517,310 633,394 558,033 586,030 564,967
Long-term debt 9,208 5,347 — 44,682 —
1 unchanged sentence
Cash flows provided (used) by operations 44,085 41,394 74,671 (18,746) 33,587
−Removed: Intangible asset impairment charges totaling $18.0 million were included in the Company's fiscal 2018 operating results.
−Removed: Refer to the Results of Operations section included in Part II, Item 7 of this Annual Report on Form 10-K for a discussion of the impacts of business combinations and contract charges that materially impacted the comparability of information in the Selected Financial Data table above, particularly for the fiscal year ended 2019 in comparison to the fiscal year ended 2018, and the fiscal year ended 2018 in comparison to the fiscal year ended 2017.
+Added: Backlog 758,465 1,098,349 1,218,596 682,273 868,672
+Added: Refer to the Results of Operations section included in Item 7 of this Annual Report on Form 10-K for a discussion of the operating results for the fiscal year ended 2020 in comparison to the fiscal year ended 2019.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.