Maham Fatima
Thu, May 7, 2026 astatine 10:29 AM CDT 2 min read
The institution attributes this occurrence to beardown task execution, including the aboriginal completion of large projects similar the Trumbull Energy Center. The company’s task backlog reached a grounds $2.9 cardinal astatine year-end, much than doubling the $1.4 cardinal reported the erstwhile year. This monolithic maturation includes $2.5 cardinal successful caller declaration worth added during fiscal 2026.
Financially, Argan remains successful a precise beardown presumption with zero indebtedness and a cash, equivalents, and concern equilibrium that grew to $895.0 cardinal by year-end. Net liquidity besides accrued to $421.0 million. As Argan Inc. (NYSE:AGX) enters its 20th twelvemonth of gathering powerfulness plants, the steadfast expects to support its disciplined attack to task transportation portion continuing to thrust gross maturation and profitability.
Argan Inc. (NYSE:AGX) provides engineering, procurement, and operation services to the powerfulness industry, specializing successful earthy state and renewable vigor facilities. Through its subsidiaries, it besides offers concern fabrication, works maintenance, and teledata infrastructure services.
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