Matrix Service sets fiscal 2009 outlook

The company expects revenue of $800 million to $850 million for the year.

Analysts polled by Thomson Financial, on average, forecast earnings of $1.49 per share for the year ending May 31, 2009.

Matrix Service expects strong operating results in its construction services and repair and maintenance segments during fiscal 2009.

"While we expect to see the strong demand for our core services in the energy market continue into fiscal year 2009, we will also be focused on diversifying our service offerings and to expand our geographic footprint within the energy and industrial markets," Michael Bradley, the company's president and chief executive, said in a statement.

Matrix Service also affirmed its previous fiscal 2008 outlook. In April, Matrix Service said it expects fiscal 2008 revenue to range from $720 million to $740 million.