Business Wire·Mar 26, 2026, 4:05 PM ET

Argan, Inc. Reports Fourth Quarter and Fiscal Year 2026 Results

AGX

Argan, Inc. reported fourth quarter fiscal 2026 revenues of $262.1 million, a 12.7% increase from the prior-year quarter.
Full-year fiscal 2026 revenues reached $944.6 million, an 8.1% year-over-year increase.
Consolidated gross margin improved to 25.0% in Q4 2026 from 20.5% in Q4 2025, while full-year gross margin rose to 20.5% from 16.1%.
Net income for Q4 2026 was $49.2 million ($3.47 per diluted share), compared to $31.4 million ($2.22 per share) in the prior year.
Full-year 2026 net income totaled $137.8 million ($9.74 per diluted share), up from $85.5 million ($6.15 per share) in 2025.
EBITDA for the fourth quarter was $56.0 million, and $162.8 million for the full fiscal year.
Project backlog increased significantly to $2.9 billion at January 31, 2026, from $1.4 billion in the prior year.
The company added $2.5 billion in new contract value during fiscal 2026.
Cash, cash equivalents, and investments grew to $895.0 million as of January 31, 2026, with the company maintaining no debt.
Dividends per share were raised to $0.50 for Q4 2026 ($1.75 for the full year) from $0.375 ($1.35 for the full year) in the prior period.
The Power segment drove revenue growth through early-stage construction on recently awarded contracts, including substantial completion at the Trumbull Energy Center.
Selling, general, and administrative expenses were $17.9 million for Q4 2026, representing 6.8% of revenues.
Argan plans to host an investor conference call on March 26, 2026, at 5:00 p.m. ET to discuss these results.