Argan shares have climbed 53.2% in the past three months, outpacing the broader market and its industry peers. The company reported record first-quarter fiscal 2027 revenue of $291 million, a 50% year-over-year increase, while earnings per share more than doubled to $3.24. Its project backlog reached approximately $2.77 billion, up 49.1% from a year earlier, supported by large gas-fired and industrial contracts. Argan ended the quarter with $973.6 million in cash and investments, net liquidity of $421.4 million, and no debt, and its board recently increased the share repurchase authorization by $50 million to a total of $200 million. Analysts have raised fiscal 2027 and 2028 earnings estimates to $12.60 and $16.66 per share, implying growth of 29.4% and 32.2%, respectively.
Argan IncRecord revenue and backlog growth driven by strong demand for gas-fired and industrial energy infrastructure contracts.
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