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Segment Information
 6 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our results of operations through three reportable segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities.
•Storage and Terminal Solutions: primarily consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum. We also perform work related to traditional aboveground crude oil and refined product storage tanks and terminals. This segment also includes terminal balance of plant work, truck and rail loading/offloading facilities, and marine structures as well as storage tank and terminal maintenance and repair. Finally, we manufacture and sell precision engineered specialty tank products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems and floating roof seals.
•Utility and Power Infrastructure: primarily consists of engineering, procurement, fabrication, and construction services to support growing demand for LNG utility peak shaving facilities. We also perform traditional electrical work for public and private utilities, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, and upgrades and maintenance including live wire work. Work may also include emergency and storm restoration services. We also provide construction services to a variety of power generation facilities, including natural gas fired facilities in simple or combined cycle configurations.
•Process and Industrial Facilities: primarily consists of plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients including refining and processing of crude oil, fractionating, and marketing of natural gas and natural gas liquids. We also perform engineering, procurement, fabrication, and construction for refinery upgrades and retrofits for renewable fuels. We also construct thermal vacuum test chambers for aerospace and defense industries and other infrastructure for industries including petrochemical, sulfur, mining and minerals primarily in the extraction of non-ferrous metals, cement, agriculture, wastewater treatment facilities and other industrial customers.

We evaluate performance and allocate resources based on operating income. We eliminate intersegment sales; therefore, no intercompany profit or loss is recognized. Corporate selling, general and administrative expenses are excluded from our three reportable segments in order to align controllable costs with the responsibility of segment management, and to be consistent with how our chief operating decision-maker assesses segment performance and allocates resources. Segment assets consist primarily of accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts, property, plant and equipment, right-of-use lease assets, goodwill and other intangible assets.
Matrix Service Company
Notes to Condensed Consolidated Financial Statements
(unaudited)
Results of Operations
(In thousands)
 Three Months EndedSix Months Ended
 December 31,
2023		December 31,
2022		December 31,
2023		December 31,
2022
Gross revenue
Storage and Terminal Solutions$63,074 $63,130 $154,053 $140,420 
Utility and Power Infrastructure40,144 50,589 72,539 95,459 
Process and Industrial Facilities71,526 80,789 146,664 167,526 
Corporate1,233 — 1,233 — 
Total gross revenue$175,977 $194,508 $374,489 $403,405 
Less: Inter-segment revenue
Storage and Terminal Solutions$714 $614 $1,549 $971 
Utility and Power Infrastructure— 54 — 54 
Process and Industrial Facilities221 — 239 109 
Corporate— — — — 
Total inter-segment revenue$935 $668 $1,788 $1,134 
Consolidated revenue
Storage and Terminal Solutions$62,360 $62,516 $152,504 $139,449 
Utility and Power Infrastructure40,144 50,535 72,539 95,405 
Process and Industrial Facilities71,305 80,789 146,425 167,417 
Corporate1,233 — 1,233 — 
Total consolidated revenue$175,042 $193,840 $372,701 $402,271 
Gross profit (loss)
Storage and Terminal Solutions$1,838 $1,648 $6,790 $9,213 
Utility and Power Infrastructure1,415 2,426 5,111 4,139 
Process and Industrial Facilities6,671 (5,131)11,749 (801)
Corporate665 (245)(1,202)(845)
Total gross profit$10,589 $(1,302)$22,448 $11,706 
Selling, general and administrative expenses
Storage and Terminal Solutions$4,338 $5,450 $8,967 $9,608 
Utility and Power Infrastructure1,978 1,787 3,526 3,525 
Process and Industrial Facilities2,206 3,682 5,293 7,752 
Corporate7,209 6,626 15,058 13,471 
Total selling, general and administrative expenses$15,731 $17,545 $32,844 $34,356 
Goodwill impairment & restructuring costs
Storage and Terminal Solutions$— $383 $— $906 
Utility and Power Infrastructure— — — 37 
Process and Industrial Facilities— 12,698 — 13,012 
Corporate— 513 — 926 
Total goodwill impairment & restructuring costs$— $13,594 $— $14,881 
Operating income (loss)
Storage and Terminal Solutions$(2,500)$(4,185)$(2,177)$(1,301)
Utility and Power Infrastructure(563)639 1,585 577 
Process and Industrial Facilities4,465 (21,511)6,456 (21,565)
Corporate(6,544)(7,384)(16,260)(15,242)
Total operating loss$(5,142)$(32,441)$(10,396)$(37,531)
Total assets by segment were as follows (in thousands):
December 31,
2023		June 30,
2023
Storage and Terminal Solutions$161,409 $139,333 
Utility and Power Infrastructure66,501 67,630 
Process and Industrial Facilities92,688 90,514 
Corporate84,236 103,027 
Total segment assets$404,834 $400,504