Argan(US:AGX)2024-12-05 21:10Financial Performance - Consolidated revenues for Q3 FY2025 were $257.0 million, a 57% increase from $163.8 million in Q3 FY2024[7] - Net income for Q3 FY2025 was $28.0 million, or $2.00 per diluted share, compared to $5.5 million, or $0.40 per diluted share, in the same quarter last year[11] - EBITDA for Q3 FY2025 increased to $37.5 million from $12.2 million in Q3 FY2024[11] - Revenues for the three months ended October 31, 2024, were $257,008 thousand, a 57.0% increase from $163,755 thousand for the same period in 2023[25] - Net income for the three months ended October 31, 2024, was $28,010 thousand, compared to $5,464 thousand for the same period in 2023, representing a 412.5% increase[25] - EBITDA for the nine months ended October 31, 2024, was $74,241 thousand, a 120.0% increase from $33,774 thousand in the same period of 2023[31] Profitability Metrics - The gross profit for Q3 FY2025 was approximately $44.3 million, representing a gross margin of 17.2%, up from 11.7% in Q3 FY2024[8] - The gross profit for the nine months ended October 31, 2024, was $93.4 million, with a gross margin of 14.6%, compared to 14.0% in the same period last year[14] - Gross profit for the nine months ended October 31, 2024, was $93,376 thousand, up 63.3% from $57,201 thousand in the prior year[25] Expenses and Income - Selling, general and administrative expenses for Q3 FY2025 were $14.0 million, representing 5.4% of revenues, down from 6.9% in Q3 FY2024[9] - The company reported other income of $6.6 million for Q3 FY2025, reflecting income earned on invested funds[10] Cash and Assets - Cash, cash equivalents, and investments totaled $506.3 million as of October 31, 2024, up from $412.4 million at the end of January 2024[12] - Total current assets increased to $717,141 thousand as of October 31, 2024, from $547,179 thousand as of January 31, 2024, reflecting a 30.9% growth[28] Liabilities and Equity - Total liabilities rose to $440,160 thousand as of October 31, 2024, compared to $307,290 thousand as of January 31, 2024, indicating a 43.1% increase[27] - The total stockholders' equity increased to $328,704 thousand as of October 31, 2024, from $290,939 thousand as of January 31, 2024, reflecting a 12.9% growth[29] Dividends and Shares - Cash dividends per share increased to $0.375 for the three months ended October 31, 2024, up from $0.300 in the same period of 2023[25] - The weighted average shares outstanding for the three months ended October 31, 2024, were 13,530 thousand, compared to 13,328 thousand for the same period in 2023[25] Project Backlog - The project backlog at the end of Q3 FY2025 was $800 million, a 6% increase compared to the beginning of FY2025[5] Comprehensive Income - The company reported a comprehensive income of $26,394 thousand for the three months ended October 31, 2024, compared to $4,155 thousand for the same period in 2023[25]