Quarterly ResultJun 4, 2026, 04:26 PM
Argan Inc. Q1 Revenue Soars 50% to $291M; Net Income Doubles to $46M
AI Summary
Argan Inc. reported a strong first quarter with revenues soaring to $290.95 million, up from $193.66 million in the same period last year. Net income more than doubled to $46.06 million, or $3.24 per diluted share, compared to $22.55 million, or $1.60 per diluted share, in the prior year. The company's Power segment remains the largest revenue contributor, with significant growth also seen in the Industrial segment. Argan also declared a cash dividend of $0.500 per share and maintained a robust cash position.
Key Highlights
- Argan Inc. reported Q1 revenue of $290.95 million, a significant increase from $193.66 million in the prior year.
- Net income for the quarter surged to $46.06 million, or $3.24 per diluted share, compared to $22.55 million, or $1.60 per diluted share, in Q1 2025.
- The Power segment generated $226.67 million in revenue, while the Industrial segment contributed $58.30 million.
- Total assets grew to $1.29 billion as of April 30, 2026, up from $1.19 billion at the start of the fiscal year.
- Cash and cash equivalents increased to $355.85 million.
- The company declared a cash dividend of $0.500 per share.
- Remaining unsatisfied performance obligations (RUPO) stood at $2.8 billion as of April 30, 2026.
Price Impact
More from AGX