Argan, Inc.: Record Backlog Drives Continued Earnings Momentum
Argan, Inc. delivered strong margins and profitability despite a slight revenue dip, maintaining a BUY rating. AGX ended the quarter with a record $3 billion backlog, providing robust growth visibility into FY27 and beyond. The company boasts a debt-free balance sheet, $727 million in cash, and continues shareholder returns via dividends and buybacks.
Argan: Q3 Revenue Dipped, But The Real Story Is Backlog And Strong Margins
Argan boasts a record $3B backlog, 94% power-focused, supporting long-term revenue confidence despite recent revenue softness. Gross margins reached 18.7% in Q3, with the YTD average at 18.8%, exceeding management's conservative 16%+ through-cycle benchmark. Balance sheet remains robust: $727M in cash/investments, zero debt, rising dividends, and a $150M repurchase plan signal capital return confidence.
Argan, Inc. (AGX) Q3 2026 Earnings Call Transcript
Argan, Inc. (AGX) Q3 2026 Earnings Call Transcript
Argan (AGX) Beats Q3 Earnings and Revenue Estimates
Argan (AGX) came out with quarterly earnings of $2.17 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $2 per share a year ago.
Argan (AGX) Is Up 17.85% in One Week: What You Should Know
Does Argan (AGX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Is Argan (AGX) Stock Outpacing Its Construction Peers This Year?
Here is how Argan (AGX) and Amentum Holdings (AMTM) have performed compared to their sector so far this year.
Is Argan (AGX) a Solid Growth Stock? 3 Reasons to Think "Yes"
Argan (AGX) possesses solid growth attributes, which could help it handily outperform the market.
Best Momentum Stocks to Buy for Dec.3
KMT, OII and AGX made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on Dec. 3, 2025.
3 Momentum Anomaly Stocks to Buy as Markets Gear Up for 2025 Swansong
Amid volatile markets, AGX, UI and PAHC show strong long-term momentum despite recent pullbacks.
Argan (AGX) is an Incredible Growth Stock: 3 Reasons Why
Argan (AGX) possesses solid growth attributes, which could help it handily outperform the market.
Is Argan (AGX) Outperforming Other Construction Stocks This Year?
Here is how Argan (AGX) and MasTec (MTZ) have performed compared to their sector so far this year.
Argan Remains An Attractive Growth Play
Argan remains a 'buy' due to robust growth in its Power Industry Services segment and a surging project backlog. AGX reported Q2 revenue up 4.7% year-over-year, with net income rising from $18.2M to $25.3M and EBITDA up to $36.2M. Backlog soared to $1.95B, up 88.7% year-over-year, driven by demand from AI, data centers, EV infrastructure, and renewable energy projects.
