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AGX Argan News Story

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Argan Q4 revenue beats estimates

Corrects Q4 Net Income to $49.2 mln from $47.6 mln in Key Details table

Overview

U.S. power plant builder's Q4 revenue rose 13%, beating analyst expectations

Q4 diluted EPS increased year-over-year

Outlook

Company expects to drive meaningful revenue growth and enhanced profitability in the years ahead

Result Drivers

NEW CONTRACTS - Power segment revenues increased as recently awarded contracts progressed through early construction stages

PROJECT EXECUTION - Improved gross profit margins in Power segment due to strong project execution, including early completion at Trumbull Energy Center

Company press release: ID:nBw30Wv8Pa

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeat$262.05 mln$255.32 mln (4 Analysts)
Q4 EPS$3.47
Q4 Net Income$49.2 mln
Q4 EBITDA$56 mln
Q4 Gross Profit$65.6 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" The average consensus recommendation for the construction & engineering peer group is "buy" Wall Street's median 12-month price target for Argan Inc is $384.50, about 12.1% below its March 25 closing price of $437.48 The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 43 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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