NYSE:AGXConstruction
Argan (AGX) Is Down 7.3% After Surging Backlog and Strong Q2 Results – What's Changed
Argan, Inc. recently reported its second quarter fiscal 2025 results, revealing sales of US$237.74 million and net income of US$35.28 million, both higher than the previous year.
This performance was highlighted by a record project backlog of approximately US$2 billion, reflecting continued strong momentum in securing major natural gas and renewable energy contracts.
We’ll now consider how Argan’s surge in project backlog and earnings impacts the investment narrative outlined by...