AGX
Argan, Inc.320.10
+2.52+0.79%
Dec 16, 4:00:03 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
Key Stats
Market Cap
4.44BP/E (TTM)
37.61Basic EPS (TTM)
8.51Dividend Yield
0.01%Recent Filings
8-K
Argan declares $0.50 dividend
Argan declared a regular quarterly cash dividend of $0.50 per share on December 11, 2025, payable January 30, 2026, to shareholders of record January 22. This follows a 33% hike in September 2025, signaling robust project execution amid strong energy infrastructure demand. Dividend anchors capital returns. CEO cites pipeline confidence, though risks shadow project wins.
8-K
Record $3B backlog
Argan posted Q3 revenues of $251M, down 2% from last year due to project timing, but gross margins climbed to 18.7% and net income hit $30.7M or $2.17/share. Backlog exploded to record $3.0B after adding two Texas gas-fired plants totaling over 2GW, securing 6GW under contract. Cash pile swelled to $727M, debt-free. Revenue growth beckons.
10-Q
Q3 FY2026 results
Argan posted Q3 FY2026 revenues of $251.2M, down 2.3% y/y yet gross profit climbed 5.9% to $46.9M (18.7% margin from 17.2%) on favorable project mix, driving operating income up 7.6% y/y to $32.6M and diluted EPS to $2.17 (up 8.5%). YTD revenue rose 6.4% y/y to $682.6M with operating income surging 56.7% to $87.0M and diluted EPS $6.27 (up 60.4%), powered by Power Industry Services (81% of revenue). Cash swelled to $306.3M on $242.4M operating cash flow, no debt, and $35M revolver available; free cash flow not disclosed in the 10-Q. Backlog hit $3.0B. U.K. project litigation drags receivables.
8-K
Gemma wins 860 MW EPC contract
Argan's subsidiary Gemma Power Systems signed an EPC contract for an ~860 MW natural gas-fired power plant in the ERCOT market, with full notice to proceed issued November 6, 2025. The entire contract value joins Argan's project backlog for the quarter ended October 31, 2025. New backlog bolsters revenue visibility.
8-K
Gemma gets EPC go-ahead
Argan's Gemma Power Systems received full notice to proceed on a major EPC contract for CPV's 1,350 MW combined-cycle power plant in Texas, featuring GE 7HA.03 turbines with optional carbon capture. Construction starts this fall, targeting 2028 completion; full contract value joins backlog ending October 31, 2025. It bolsters Texas grid reliability. Risks include execution delays.
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