ARGAN INC (AGX) Form 8-K — Sep 2, 2026

$AGXForm 8-KItems 2.02, 9.01Filed Sep 2, 2026, 4:10 PM ET0001104659-26-104735Original filing

Argan reported record second-quarter fiscal 2027 results, with revenue of $384.0 million, up 61.5% year over year, and record net income of $53.3 million, or $3.76 per diluted share versus $2.50 a year ago. Adjusted EBITDA rose to a record $70.0 million at an 18.2% margin, up from $38.5 million in the prior-year quarter. The Power segment drove the quarter, growing revenue 53% year over year to $301 million at a 22% gross margin, and Argan achieved final completion on the remaining project of its Midwest Solar and Battery Projects shortly after quarter end.

Key figures

Eps: $3.76 diluted (vs. $2.50 prior-year quarter)
Revenue: $384.0 million (Q2 FY2027, quarter ended July 31, 2026)
Net Income: $53.3 million (vs. $35.3 million prior-year quarter)
Revenue Yoy: +61.5% ($146.2 million increase vs. $237.7 million prior-year quarter)
Total Assets: $1.40 billion
Cash Position: $1.03 billion (cash, cash equivalents and investments; no debt)
Sga q2: $17.4 million (4.5% of revenue vs. 6.0% prior year)
Ebitda q2: $67.6 million (vs. $36.2 million prior year)
Net liquidity: $440.4 million (vs. $421.0 million at January 31, 2026)
Gross profit q2: $74.2 million (19.3% margin vs. 18.6% prior year)
Other income q2: $10.1 million (primarily investment income)
Project backlog: ~$2.5 billion (vs. ~$2.9 billion at January 31, 2026, a decline of ~$411 million)
Six month revenue: $674.9 million (+56.5% YoY)
Adjusted ebitda q2: $70.0 million (18.2% margin vs. 16.2% prior year)
Shares outstanding: 14,032,792 at July 31, 2026
Six month net income: $99.4 million ($7.01 diluted EPS vs. $4.09 prior year)
Power segment revenue: $301 million (+53% YoY, 22% gross margin)
Dividends per share q2: $0.500 (vs. $0.375 prior year)
Six month adjusted ebitda: $126.5 million (18.7% margin)
Treasury stock repurchases: $144.9 million at cost

Price after filing

1 day: 0.0%7 days: -0.6%30 days: -6.2%

Close on the filing date to close N calendar days later (from $404.75). Historical, not a forecast.

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