Quarterly ResultJun 4, 2026, 04:13 PM
Argan Reports Record Q1 Revenue of $291M, Net Income Doubles to $46.1M
AI Summary
Argan, Inc. reported strong first quarter fiscal year 2027 results, with record revenue of $291.0 million, a 50.2% increase year-over-year. Net income more than doubled to $46.1 million, or $3.24 per diluted share. The company highlighted strong execution across all operating segments and robust demand for energy infrastructure. Argan also announced a new fabrication facility under construction to support a data center contract and increased its cash dividend.
Key Highlights
- Argan reported record Q1 FY2027 revenue of $291.0 million, a 50.2% increase year-over-year.
- Net income surged to $46.1 million ($3.24 per diluted share) from $22.6 million ($1.60 per diluted share) in the prior year.
- Adjusted EBITDA reached $56.4 million, up from $31.5 million in Q1 FY2026, with Adjusted EBITDA margin at 19.4%.
- Consolidated gross profit increased to $61.1 million (21.0% margin) from $36.9 million (19.0% margin).
- Project backlog stood at $2.8 billion as of April 30, 2026, down from $2.9 billion at January 31, 2026.
- Cash, cash equivalents, and investments totaled $973.6 million, an increase from $895.0 million.
- The company declared a cash dividend of $0.500 per share, an increase from $0.375 per share.
Price Impact
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