Argan, Inc. reported a sharp beat for the second quarter of fiscal 2027, with earnings and revenues topping the Zacks Consensus Estimate and growing year over year. The company's earnings of $3.76 per share rose 50.4% year over year and beat the consensus of $2.68 by 40.3%, while revenues increased 61.5% to $384 million, surpassing the estimate of $298 million. Consolidated gross profit rose 67.7% to $74.2 million, with gross margin expanding to 19.3% from 18.6%, and adjusted EBITDA climbed to $70 million from $38.49 million. The Power segment led revenue growth, generating $301.2 million, up 52.9% and representing 78.4% of consolidated revenues, while Industrial revenues surged 111.2% to $76.2 million, accounting for 19.8% of the total. Teledata revenues increased 39.5% to $6.6 million, and the company acquired ValCor Communications for approximately $9.4 million, which contributed no revenues in the quarter. Backlog stood at $2.5 billion, with 91% supporting the electric economy, and cash and investments totaled $1.03 billion. AGX stock gained 9.9% in after-hours trading following the announcement.
Argan IncArgan beat Q2 estimates with EPS up 50.4% and revenue up 61.5%, driving the stock up 9.9%.
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