Argan(US:AGX)2025-06-04 20:10Financial Performance - Argan reported consolidated revenues of $193.7 million for Q1 FY2026, a 23% increase from $157.7 million in Q1 FY2025[2] - The company achieved a gross profit of $36.9 million, resulting in a gross margin of 19.0%, compared to 11.4% in the prior year[7] - Net income for the quarter was $22.6 million, or $1.60 per diluted share, up from $7.9 million, or $0.58 per diluted share, in the same quarter last year[10] - EBITDA increased to $30.3 million, representing 15.6% of revenues, compared to $11.9 million, or 7.5% of revenues, in the prior year[10] Project Backlog and Pipeline - The project backlog reached a record $1.9 billion as of April 30, 2025, driven by new project awards including the Sandow Lakes Power Station[3] - Argan's robust project pipeline reflects increasing energy demand and the need for new energy resources due to aging facilities[4] Cash and Liquidity - Cash, cash equivalents, and investments totaled $546.5 million, an increase from $525.1 million at the end of January 2025[11] - The company maintained net liquidity of $315.1 million, up from $301.4 million at the end of January 2025[11] Expenses and Cost Management - Selling, general and administrative expenses rose to $12.5 million, but as a percentage of revenues, they decreased to 6.5% from 7.2% in the prior year[8] Strategic Commitment - The company remains committed to disciplined growth and strengthening its leadership role in energy infrastructure development[6]