Argan Inc ( (AGX) ) has released its Q3 earnings. Here is a breakdown of the information Argan Inc presented to its investors.
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Argan, Inc. is a company specializing in construction and related services for the power industry, focusing on natural gas-fired power plants and renewable energy facilities. In its third quarter of fiscal year 2026, Argan reported a record project backlog of $3.0 billion, despite a slight decrease in quarterly revenues to $251.2 million compared to the previous year. The company saw improvements in gross profit and net income, with gross margins increasing to 18.7% and net income rising to $30.7 million. For the nine months ending October 31, 2025, Argan’s revenues increased by 6.4% to $682.6 million, with net income significantly up by 63.8% to $88.6 million. The company’s cash reserves and investments rose to $726.8 million, reflecting strong cash flow generation. Looking forward, Argan’s management remains optimistic about future revenue growth and profitability, driven by the ongoing demand for new power plant construction projects and a disciplined approach to project selection.