Argan Reports Record Revenue and Earnings in Q2 2027
Argan Inc. (AGX) reported record financial results for the second quarter ended July 31, 2026, with consolidated revenue reaching $384 million driven by strong growth across all operating segments. The Power and Industrial segments saw increases of 53% and 111%, respectively, while Teledata grew by 40%. Gross margin stood at 19.3%, net income hit a record $53.3 million or $3.76 per diluted share, and adjusted EBITDA reached $70 million with an 18.2% margin. The company also completed the acquisition of ValCor Communications in Connecticut to bolster its Teledata segment, expanding into New England and adding Fortune 500 clients from technology, defense, and aerospace sectors. Argan maintained a strong balance sheet with approximately $1 billion in cash and investments, $440 million in net liquidity, and no debt as of July 31.
Tickers: $AGX
Topics: Conference Call Earnings Transcript