Dec. 4 at 9:24 PM
$AGX
🚨 🚨 🚨
Net Income:
$30.7 million, up from
$28.0 million in the comparable prior-year quarter.
Revenues: Decreased slightly by 2.3% from
$257.0 million in the prior year, primarily due to the timing of work performed.
Gross Profit: Increased to
$46.9 million (18.7% margin) from
$44.3 million (17.2% margin) in the year-ago quarter, driven by improved margins in the power and industrial construction segments.
Balance Sheet: Reported a strong balance of cash, cash equivalents, and investments totaling
$726.8 million as of October 31, 2025, and no debt.
Backlog: Reached a record high of approximately
$3.0 billion, compared to
$1.4 billion at the end of January 2025.
David Watson, President and Chief Executive Officer of Argan, commented, “We delivered solid third quarter results highlighted by our record backlog of
$3.0 billion, which as expected, reflects the addition of two new gas-fired projects in the quarter.
