Argan (AGX) Q1 2026 Earnings Call Transcript

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(NYSE:AGX) reported continued revenue growth and record backlog, supported by new project awards and strong demand for power infrastructure. Management stated that “the OEMs are starting to fill 2030 gas turbine spots as they are primarily sold out of earlier years,” indicating long-term demand visibility. The company’s cash and liquidity position, with no debt, provides flexibility for organic investments and M Segment diversification remains, but earnings are concentrated in large gas-fired power projects with multi-year timelines.

Source Fool.com