AGX
Argan, Inc.
Argan, Inc.
$AGX reports $1.8 billion revenue with strong backlog of ongoing projects for FY 2023 despite decreased net income.
Argan, Inc. achieved a revenue of $1.8 billion and maintained a strong balance sheet. The company has a strong backlog of ongoing projects and is expected to deliver continued growth and profitability, thanks to the increasing worldwide demand for power resources. Gross margin in their power industry services, industrial services, and telecommunications infrastructure segments remained relatively consistent. The company achieved a net income of $118.6 million, a decrease from the prior fiscal year due to decreased revenues from certain projects, partially offset by increasing revenues in others. Overall, Argan, Inc. seems to be a stable company with a strong pipeline of projects that positions them well for future growth.
5mo ago
$AGX