AGX Argan (AGX) Q2 FY27 earnings call
Argan delivered a strong second quarter, achieving record revenue and net income, primarily driven by robust performance in its Power segment. The company continues to capitalize on high demand for energy infrastructure, particularly gas-fired plants, while strategically expanding capabilities through organic investments and a recent acquisition. Management remains confident in its ability to secure new projects and execute on its substantial backlog, despite some sequential margin compression and a slight reduction in total backlog.
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AGX operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | This call Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog Power | $2.7BPretax book income was $55 million, and the Power segment closed the year with backlog of $2.7 billion.Source: earnings call transcript | $2.5BPretax book income was $52 million, and the Power segment had backlog of $2.5 billion at the close of the first quarter.Source: earnings call transcript | — | -7.4% |
| Backlog Industrial | $253MBacklog for the Industrial segment was $253 million at January 31, 2026.Source: earnings call transcript | $225MBacklog for the Industrial segment was $225 million at April 30, 2026.Source: earnings call transcript | $210MBacklog for the Industrial segment was $210 million at July 31, 2026, and construction on our second fabrication facility is progressing well.Source: earnings call transcript | -6.7% |
| Backlog Teledata | $8.4MThe segment closed fiscal 2026 with backlog of $8.4 million.Source: earnings call transcript | $8MThe segment exited the first quarter with backlog of $8 million.Source: earnings call transcript | — | -4.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.