Argan | 10-Q: FY2026 Q3 Revenue Misses Estimate at USD 251.15 M

Industrial contractor Argan's Q3 revenue misses estimates

Argan's fiscal Q3 revenue declined by 2.3% year-over-year, missing analyst estimates, but net income rose to $30.7 million. The company reported a record backlog of $3.0 billion, driven by new gas-fired projects. Despite the revenue decline, gross profit margins improved. Analysts maintain a 'buy' rating, with a median 12-month price target of $370.00, 5.4% above the recent closing price. The stock trades at 39 times the next 12-month earnings.

Argan Inc. Q3 project backlog rises to USD 3.0 billion, more than double previous level

Argan Inc. reported Q3 revenues of USD 251.2 million and a project backlog of USD 3.0 billion, more than double the previous level. Nine-month revenues were USD 682.6 million, a 6.4% increase. Q3 gross profit was USD 46.9 million, and net income was USD 30.7 million. EBITDA for Q3 was USD 40.3 million. The company has no debt and cash equivalents totaling USD 726.8 million as of October 31, 2025.

PLATTS: 100--Constellation nuclear unit in Illinois reduces output after pump trip

Constellation Energy's LaSalle-1 nuclear unit in Illinois reduced output to 35% after a reactor recirculation pump trip. Crews are investigating the cause and will test equipment before restoring full power.

Argan SA Replaces Gas Boilers With Heat Pumps at Decathlon Warehouses to Cut Carbon Emissions

Argan SA has completed a project to replace gas boilers with heat pumps in Decathlon warehouses, reducing CO₂ emissions by 700 tons annually. This is part of Argan's strategy to cut emissions from 24,000 tons in 2022 to 12,000 tons by 2030, without disrupting logistics operations.