Argan – The US Energy Infrastructure Specialist Experiences a Record Quarter Thanks to the AI Boom!
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Argan reports record quarter with $291 million in revenue (+50%) and nearly doubled net earnings – debt-free with $973 million in liquidity. Data center boom and US onshoring fuel the pipeline. Analysts see buying potential but warn: the valuation is demanding. CEO David Watson describes the quarter as an exceptionally strong start to the fiscal year. Record quarter with nearly doubled earnings In the first quarter of fiscal year 2027, Argan achieves a new company record with revenue of $291.0 million – a 50.2% increase compared to the...
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