ARGAN INC Reports Record Q1 Revenue and Doubled EPS
AGX has more than doubled off its 52-week low of $193.82.
Summary
Argan, Inc. reported record first-quarter fiscal 2027 revenue of $291 million and diluted EPS of $3.24, representing a 50% revenue increase and a 102% EPS increase year-over-year. The company also increased its quarterly dividend.
Key Events · Earnings and Guidance · AGX
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Record Q1 Revenue
Consolidated revenues reached $291.0 million for the quarter, a 50.2% increase from the prior year, driven by higher revenues across all business segments.
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Diluted EPS Doubled
Diluted earnings per share rose to $3.24, up from $1.60 in the comparable prior-year quarter, reflecting a 102.5% increase.
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Gross Margin Expansion
Gross profit margin improved to 21.0% from 19.0% year-over-year, primarily due to better project and contract mix and strong execution in the Power segment.
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Increased Quarterly Dividend
The company declared a quarterly cash dividend of $0.500 per share, up from $0.375 per share in the prior year.
Analysis · AGX · Real Estate & Construction
Argan, Inc. announced exceptionally strong first-quarter fiscal 2027 results, with record revenue and a significant increase in diluted earnings per share. This performance was driven by strong execution across all segments and improved gross margins. The company also increased its quarterly dividend. While project backlog saw a minor decrease, it remains substantial, and the company's cash position improved. This official filing provides full details following earlier news reports.
At the time of this filing, AGX was trading at $689.43 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $9.6B. The 52-week trading range was $193.82 to $748.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.