Argan Earnings Call Transcripts
Fiscal Year 2027
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Record revenue and net income driven by strong execution and high demand across all segments, with a robust $2.8 billion backlog and continued margin strength. Capital returns to shareholders increased, and new capacity investments support future growth.
Fiscal Year 2026
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Record revenue and net income were achieved for both Q4 and fiscal 2026, driven by strong execution and robust demand for large-scale power projects. Backlog reached $2.9 billion, with a strong balance sheet and increased shareholder returns through dividends and buybacks.
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Record $3B backlog and strong cash position highlight robust demand for large-scale power projects. Quarterly revenue dipped 2% year-over-year but gross margin and net income improved, with continued growth expected as electrification and infrastructure needs rise.
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Q2 FY2026 saw 5% revenue growth, record net income, and a $2B backlog, driven by strong power segment performance and robust market demand. Cash and liquidity remain high, with increased dividends and buybacks. Backlog and project pipeline are expected to grow further.
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Q1 fiscal 2026 saw 23% revenue growth, 19% gross margin, and net income of $22.6 million, with a record $1.9 billion backlog and strong cash position. Backlog is expected to surpass $2 billion, supported by robust demand for power projects and disciplined capital allocation.
Fiscal Year 2025
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Fiscal 2025 delivered 52% revenue growth, record EPS, and an 80% increase in project backlog, driven by strong demand for power infrastructure and robust execution. The company maintains a debt-free balance sheet, increased dividends, and expects continued growth as industry demand accelerates.
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Third-quarter revenue rose 57% year-over-year to $257 million, with net income up to $28 million and gross margin at 17.2%. Backlog stands at $0.8 billion, with strong growth expected in both gas-fired and renewable projects, and a 25% dividend increase was announced.
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Second quarter revenue grew 61% to $227 million, with net income of $18 million and EBITDA of $25 million, driven by strong performance across all segments. Project backlog exceeded $1 billion, with $570 million in renewables, and the company maintains robust liquidity and no debt.
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Revenue rose 52% to $158M with strong growth in all segments, despite a $2.6M Kilroot loss. Backlog reached $824M, including $318M in renewables, and net income jumped to $7.9M. The company remains well positioned amid surging energy demand.