Shares of Argan Inc. (AGX) surged 12.81% in pre-market trading on Friday following the release of its exceptional fourth-quarter fiscal 2025 results, which significantly exceeded analyst expectations. The engineering and construction company demonstrated robust financial performance across key metrics, driving investor enthusiasm.
Argan reported a remarkable 149.44% year-over-year increase in earnings per share (EPS), reaching $2.22 compared to $0.89 in the same quarter last year. This figure impressively beat the analyst consensus estimate of $1.15 by 93.04%. Revenue for the quarter also showed strong growth, climbing 41.3% to $232.5 million from $164.6 million in the prior year period, surpassing analyst projections of $197.5 million by 17.71%.
The company's stellar performance was driven by strong execution across all business segments, particularly in the power industry services segment, where sales rose 65% year-over-year in the quarter. Argan also reported a significant increase in its project backlog, which grew 80% to $1.4 billion as of January 31, 2025. This robust backlog, coupled with the company's positive outlook on future growth prospects and increased demand for reliable energy infrastructure, has further bolstered investor confidence in Argan's long-term potential.
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