Argan, Inc. is expanding its Industrial business, adding fabrication capacity and pursuing data center and infrastructure work, even as project-related margin pressure persists. Industrial revenues rose 111% year over year to $76 million in the second quarter of fiscal 2027, though profitability stayed pressured by certain projects whose estimates affected margins; Argan expects those challenged projects to wind down within roughly six months. The segment carried approximately $210 million of backlog at the end of the quarter. The company's new fabrication facility in North Carolina is supporting a $125 million data center project and is expected to generate more than $10 million in revenues per quarter once operating at a higher level, with additional data center opportunities tied to the site. Argan competes with MasTec, Inc. and Quanta Services in power generation and infrastructure construction, and its earnings estimates for fiscal 2027 and 2028 have risen over the past 30 days to $13.56 and $17.43 per share, implying year-over-year growth of 39.2% and 28.5%.
Argan IncIndustrial revenues jumped 111% to $76M with $210M backlog and a $125M data center project supported by new North Carolina fabrication capacity.
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Quanta Services Inc