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Jul 31
Argan Q2 2025 Earnings Report
Argan reported record net income, EPS, and a growing project backlog in Q2 FY26.
Key Takeaways
Argan delivered strong Q2 FY26 results with increased revenue, improved gross margins, record EPS of $2.50, and net income of $35.3M. The company’s backlog approached $2B, reflecting sustained demand across its power and infrastructure projects.
Revenue reached $237,743,000, up from $227,015,000 in Q2 FY25.
Net income nearly doubled YoY to $35,275,000.
Diluted EPS surged to $2.50 from $1.31 last year.
EBITDA rose to $36,225,000, reflecting operational efficiency and project execution.
Argan
Argan
Forward Guidance
Argan did not provide numerical forward guidance but emphasized a strong demand environment and record backlog supporting future growth.
Positive Outlook
- Record backlog of $1.953 billion provides visibility into future revenues.
- Continued demand across all business segments.
- Operational momentum reflected in rising EBITDA and margins.
- New contract win in Ireland boosts international presence.
- Cash and investments position strengthened to $572.2M.
Challenges Ahead
- No detailed financial guidance provided for upcoming quarters.
- SG&A expenses increased year-over-year.
- Foreign currency adjustments slightly impacted comprehensive income.
- Limited revenue recognition from early-stage projects.
- Investment gains were flat compared to prior year.