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Argan Inc (AGX)
NYSE:AGX
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Earnings Data
Report Date
Apr 09, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
$1.15Last Year’s EPS
$0.89Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: -1.45%
|Next Earnings Date:Apr 09, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant revenue growth and profitability, particularly in the Power Services segment. The company's focus on renewable projects and a strong balance sheet were positive aspects. However, there were some concerns about a sequential decrease in project backlog and expected short-term revenue reduction in the Industrial Construction Services segment.Company Guidance
During the earnings call for Argan, Inc.'s third fiscal quarter ending October 31, 2024, the company reported significant financial metrics, highlighting a 57% increase in consolidated revenues to $257 million, with a gross margin of 17.2% and net income of $28 million, or $2 per diluted share. The Power Services segment achieved a 75% revenue growth to $212 million, while the Industrial Construction Services saw an 8% increase to $41.3 million. Argan's project backlog was reported at $0.8 billion, up 6% from the beginning of the year, with a substantial portion, $478 million, comprising renewable projects. The company also reported a net liquidity of $281 million and no debt, alongside a 25% increase in the quarterly dividend to $0.375 per share. Argan remains optimistic about its growth prospects, driven by a strong demand for natural gas and renewable energy projects amidst rising energy demands.Second Highest Quarterly Results in Company History
The third quarter results were the second highest in company history with consolidated revenue growth of 57% to $257 million. Gross margin was 17.2%, with a net income of $28 million, or $2 per diluted share, and EBITDA of $37.5 million.
Power Services Segment Strong Performance
The Power Services segment had a revenue growth of 75% to $212 million, representing 83% of third quarter revenues. The segment reported a pretax book income of $36 million.
Increased Project Backlog and Renewable Focus
Project backlog increased by 6% to $0.8 billion, with $478 million of renewable projects. 92% of the current project backlog supports 0 or low carbon emissions.
Strong Balance Sheet
The company reported $506 million in cash and investments, net liquidity of $281 million, and no debt as of October 31, 2024.
Increased Quarterly Dividend
The Board of Directors approved a 25% increase in the quarterly dividend to $0.375 per common share, reflecting confidence in the business.
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AGX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | $148.82 | $147.12 | -1.14% |
| Sep 05, 2024 | $71.17 | $89.70 | +26.04% |
| Jun 06, 2024 | $68.67 | $75.83 | +10.43% |
| Apr 11, 2024 | $48.77 | $59.07 | +21.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Argan Inc (AGX) report earnings?
Argan Inc (AGX) is schdueled to report earning on Apr 09, 2025, TBA Not Confirmed.
What is Argan Inc (AGX) earnings time?
Argan Inc (AGX) earnings time is at Apr 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGX EPS forecast?
AGX EPS forecast for the fiscal quarter 2025 (Q4) is $1.15.
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