February 5, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Matrix Service Co (NASDAQ:MTRX) shares over potential securities laws violations by Matrix Service and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Matrix Service Co (NASDAQ:MTRX) concerning whether a series of statements by Matrix Service Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Matrix Service Co reported that its Total Revenue rose from over $1.26 billion for the 12 months period that ended on June 30, 2014 to over $1.34 billion for the 12 months period that ended on June 30, 2015 while its Net Income for those time periods declined from $35.81 million to $17.16 million.

On February 3, 2016, Matrix Service Company reported its financial results for its second quarter and six months ended December 31, 2015 and revised its fiscal 2106 guidance.

Shares of Matrix Service Co (NASDAQ:MTRX) declined to as low as $15.15 per share on February 5, 2016.