The earnings call reflected a strong financial performance with significant revenue growth, record backlog, and improved gross margins. While there were challenges in the Industrial Construction Services segment, the overall outlook is positive with a strong cash position and commitment to returning capital to shareholders.

Company Guidance

During the call, Argan, Inc. highlighted its strong financial performance for the second quarter of fiscal 2026, with consolidated revenue reaching $238 million, a 5% increase from the previous year, and a sequential increase of 23% compared to the previous quarter. The company achieved a record net income of $35.3 million, translating to $2.50 per diluted share, while EBITDA stood at $36.3 million, representing a margin of 15.2%. Gross margins improved significantly to 18.6% from 13.7% in 2025. Argan's backlog reached a record $2 billion, with notable projects including the Platton Power Station in Ireland and a new industrial services contract in Alabama. The company maintains a strong balance sheet with $572 million in cash and investments, net liquidity of $344 million, and no debt. Argan also continues to return capital to shareholders, with a quarterly dividend of 37.5¢ and a share buyback program authorized up to $150 million. The company is optimistic about the robust pipeline of projects, driven by the increasing demand for power facilities amid the electrification of the economy and the aging natural gas infrastructure.

Strong Financial Performance

Achieved consolidated revenue of $238 million, reflecting growth of 5% compared to last year's second quarter and a sequential increase of 23%. Record net income of $35.3 million or $2.50 per diluted share.

Record Backlog

Backlog reached a record $2 billion, including significant projects like the Platton Power Station in Ireland and a recycling water treatment plant in Alabama.

Increased Gross Margins

Improved gross margins of 18.6% compared to 13.7% in 2025.

Power Industry Services Growth

Power industry services revenue increased 13% to $197 million. This segment represented 83% of second quarter revenues.

Strong Cash Position

The company maintained a strong balance sheet with $572 million in cash and investments, net liquidity of $344 million, and no debt.

Commitment to Shareholders

Quarterly dividend of 37.5¢ paid, marking a 25% increase. Share buyback program authorization increased to $150 million.

Argan (AGX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AGX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 03, 2025	2026 (Q3)	1.77 / -	2	―	―	―
Sep 04, 2025	2026 (Q2)	1.64 / 2.50	1.31	90.84% (+1.19)
Jun 04, 2025	2026 (Q1)	1.09 / 1.60	0.58	175.86% (+1.02)
Mar 27, 2025	2025 (Q4)	1.15 / 2.22	0.89	149.44% (+1.33)
Dec 05, 2024	2025 (Q3)	1.26 / 2.00	0.4	400.00% (+1.60)
Sep 05, 2024	2025 (Q2)	0.97 / 1.31	0.94	39.36% (+0.37)
Jun 06, 2024	2025 (Q1)	0.52 / 0.58	0.16	262.50% (+0.42)
Apr 11, 2024	2024 (Q4)	0.75 / 0.89	1	-11.00% (-0.11)
Dec 06, 2023	2024 (Q3)	0.86 / 0.40	0.56	-28.57% (-0.16)
Sep 06, 2023	2024 (Q2)	0.74 / 0.94	0.3	213.33% (+0.64)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AGX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 04, 2025	$237.83	$211.51	-11.07%
Jun 04, 2025	$217.40	$234.82	+8.01%
Mar 27, 2025	$114.69	$137.47	+19.86%
Dec 05, 2024	$147.82	$146.13	-1.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Argan Inc (AGX) report earnings?

Argan Inc (AGX) is schdueled to report earning on Dec 03, 2025, After Close (Confirmed).

What is Argan Inc (AGX) earnings time?

Argan Inc (AGX) earnings time is at Dec 03, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AGX EPS forecast?

AGX EPS forecast for the fiscal quarter 2026 (Q3) is 1.77.

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