Argan delivered strong earnings in Q3 FY26, achieving a higher net income and EPS compared to the prior year. The company reported robust margins and a record backlog, supported by new gas-fired power projects in Texas.
Revenue for the quarter was $251.2 million, slightly down from the prior year.
Net income grew to $30.7 million, reflecting improved profitability.
EBITDA increased to $40.3 million, representing 16.0% of revenues.
Backlog reached a record $3.0 billion due to new power plant contracts.
Argan is optimistic about continued revenue growth and profitability as demand for natural gas power projects rises.
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