Argan, Inc. reported record first-quarter fiscal 2027 revenue of $291 million, a 50% year-over-year increase, while maintaining a debt-free balance sheet with $973.6 million in cash, cash equivalents and investments and net liquidity of $421.4 million. Gross margin expanded to 21%, up 200 basis points, and adjusted EBITDA margin climbed nearly 310 basis points. The company's backlog stands at approximately $2.8 billion, driven by large natural gas-fired power projects and industrial contracts, providing strong revenue visibility. Despite inherent EPC execution risks such as project delays and customer concentration, Argan's disciplined project selection and financial strength position it to navigate uncertainties. The stock has gained 45.4% over the past three months and carries a Zacks Rank #1 (Strong Buy), with upwardly revised earnings estimates of $12.60 per share for fiscal 2027 and $16.66 for fiscal 2028.
Argan IncRecord revenue, margin expansion, strong backlog, and upward earnings revisions.
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