Argan reports Q1 EPS 58c vs 16c last year

Reports Q1 revenue $157.68M vs $103.68M last year. David Watson, President and Chief Executive Officer of Argan, commented, “Fiscal 2025 is off to a solid start with consolidated revenues growth of 52% to $157.7 million, reflecting strong revenues performance at both Gemma Power Systems and The Roberts Company. We achieved net income of $7.9 million, or $0.58 per diluted share, and EBITDA increased by $8.2 million to $11.9 million, which represents a 225.8% increase for the quarter, despite a loss of $2.6 million incurred during the quarter associated with challenges we’ve previously detailed related to the Kilroot Power Station project in Northern Ireland.”