Argan, Inc. Reports Second Quarter Fiscal 2027 Results
Argan delivered record fiscal Q2 results: revenue of $384.0 million, up 61.5% year over year, with record net income of $53.3 million, or $3.76 per diluted share versus $2.50 a year ago. Profitability expanded alongside the top line — gross margin improved to 19.3% from 18.6%, and adjusted EBITDA hit a record $70.0 million at an 18.2% margin. Power segment revenue grew 53% to $301 million at a 22% gross margin as construction ramps on contracts not yet at peak activity. The balance sheet is a standout: $1.03 billion in cash, equivalents and investments, $440.4 million of net liquidity, and no debt.
Key figures
- Eps
- 3.76
- Revenue
- 383976000
- Revenue Yoy
- 61.5%
- Sga
- 17413000
- Debt
- 0
- Ebitda
- 67608000
- Net income
- 53302000
- Gross margin
- 19.3%
- Gross profit
- 74218000
- Net liquidity
- 440360000
- Adjusted ebitda
- 70030000
- Project backlog
- 2518000000
- Other income net
- 10083000
- Six month revenue
- 674930000
- Dividends per share
- 0.5
- Cash and investments
- 1028446000
- Income tax provision
- 13586000
- Six month net income
- 99365000
- Power segment revenue
- 301000000
- Prior year net income
- 35275000
- Six month diluted eps
- 7.01
- Six month revenue yoy
- 56.5%
- Adjusted ebitda margin
- 18.2%
- Prior year gross margin
- 18.6%
- Power segment revenue yoy
- 53%
- Six month adjusted ebitda
- 126469000
- Prior year income tax provision
- 361000
AI analysis
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