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Matrix Solutions history
Matrix Solutions company history timeline
For the year ending May 31, 1992, revenues totaled $86.5 million and net income reached $5.6 million.
In December 1992 Matrix completed a pair of acquisitions, picking up Colt Construction Company and Duncan Electric Company.
Matrix looked north to Canada in 1993, acquiring Health Engineering.
In 1993 it forged a joint venture in the Kingdom of Saudi Arabia with Al-Shafai & Sons Constructors to provide maintenance on oil refineries.
For the fiscal year ending May 31, 1994, Matrix posted sales of $133.5 million and net income of $2.7 million.
Finally in 1994, Matrix bought Georgia Steel Fabricators, Inc. and its principal operating subsidiary Brown Steel Contractors, Inc., which designed, fabricated, and erected aboveground water storage tanks for both industrial customers and municipalities.
The Saudi Arabia joint venture also succumbed to poor economic conditions in the Kingdom of Saudi Arabia, which led to Al Shafai-Midwest Constructors discontinuing operations in 1995.
For fiscal year 1996 Matrix returned to profitability, recording net income of $2.4 million on revenues of $183.7 million.
Although sales receded slightly in 1997, to $183.1 million, the company increased net income to $3 million.
Despite these positive developments, Matrix was almost sold during 1998.
While it did make an effort to diversify somewhat--in 2002 it began manufacturing parts for power grids--the company was preparing to take advantage of stricter environmental regulations about to take effect that would raise standards on the use of storage tanks by the gas and oil industry.
2002 - Expanded Turnaround Services Expanded turnaround services and opened Alton, IL office.
In October 2003 the company declared a one-for-one stock dividend on its common stock as demonstration of the board's confidence in the future of the company as well as to increase the number of Matrix shares in the marketplace and make it more attractive to investors.
In 2003 revenues exceeded $288 million and net income totaled $8.2 million.
2003 - Catoosa Fabrication Division Catoosa Fabrication Division moved into a state-of-the-art facility.
2012 - New brand identity, logo and tagline
2013 - Matrix Applied Technologies: A products subsidiary is born
Oklahoma Inc. names Matrix #8 on its list of Best Performing Businesses in 2016.
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Matrix Solutions competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Kapow Software | 2005 | $200.0M | 7,500 | - |
| Rapattoni | 1970 | $14.0M | 300 | - |
| Mantis | - | $285.7M | 5 | 56 |
| HItech Software | 1983 | $390,000 | 5 | - |
| Red Prairie | - | $330,000 | 10 | - |
| Calance | 1986 | $82.1M | 30 | 7 |
| VNG | 2004 | $185.9M | 2,700 | - |
| BERKLEY TECHNOLOGY SERVICES | 2001 | $11.0M | 471 | 601 |
| Jean Martin | 1997 | $19.7M | 100 | 18 |
| Softech Intl | 1991 | $10.0M | 350 | - |
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Zippia gives an in-depth look into the details of Matrix Solutions, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Matrix Solutions. The employee data is based on information from people who have self-reported their past or current employments at Matrix Solutions. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Matrix Solutions. The data presented on this page does not represent the view of Matrix Solutions and its employees or that of Zippia.
Matrix Solutions may also be known as or be related to Matrix Solutions and Matrix Solutions Inc.