Overview
- Argan shares jumped in Friday trading after the company reported Q4 adjusted EPS of $3.47 on $262.1 million in revenue, with the stock later up about 36% near $558.
- Quarterly gross margin improved to 25%, a gain management linked to early substantial completion at the Trumbull Energy Center.
- The project backlog reached about $2.9 billion after $2.5 billion in new awards during fiscal 2026, supported by demand for AI data centers, electrification work, and upgrades to aging power plants.
- For fiscal 2027, management guided revenue to $415 million to $440 million, a range above prior Wall Street estimates.
- Guidance set adjusted EBITDA at $0 to $10 million for FY27, and analysts raised targets after the print, with Goldman Sachs moving to $518 and Lake Street to $375.