Argan, Inc. (AGX)

Argan beat expectations on both the top and bottom line, with results for the second fiscal quarter of 2027 (period ended July 31, 2026) reported September 2, 2026 showing revenue of $384.0 million topping the $300.5 million estimate (+27.8%) and EPS of $3.76 topping the $2.64 estimate (+42.4%). Revenue rose ~62% to roughly $384.0 million from about $237.7 million a year ago, led by its engineering and construction work across power, industrial, and communications infrastructure projects, while net income increased ~51% to about $53.3 million versus roughly $35.3 million a year earlier. Profitability tracked higher volume, with gross profit of about $74.2 million translating to a gross margin of ~19%, and operating income of roughly $56.8 million implying an operating margin of ~15%. The quarter also generated about $97.0 million of operating cash flow, and the company returned capital through roughly $6.7 million of share repurchases and about $7.0 million of dividends. Next-period consensus calls for EPS of $2.94 on revenue of $335.3 million.