NYSE$AGX

Argan Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

AGX Q3 2024 — $163.8M revenue, 15.00 EPS

In Note 14, the Company has provided certain financial information relating to the operating results and assets of its reportable segments based on the manner in which management disaggregates the Com. Argan Inc reported Q3 2024 results. Diluted EPS came in at $15.00. Net income of $20.3M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $163.8M.
  • Diluted EPS: $15.00.
  • Net income: $20.3M.
  • Gross profit: $22.2M.

Headline financials

Total Revenue

$164M

Previous: $118M+38.9%
EPS

$0.40

Previous: $0.40+0.0%
Capital Expenditures

-$2.14M

Previous: -$2.58M+17.0%
Free Cash Flow

$3.32M

Previous: $5.18M-35.8%
Net Income

$5.46M

Previous: $7.76M-29.6%
Operating Income

$7.86M

Previous: $9.54M-17.6%
Gross Profit

$19.2M

Previous: $22.2M-13.4%
Stock-Based Comp

$1.2M

Previous: $1.08M+11.3%

Revenue & EPS history

Argan · Revenue · Quarterly

$164M

Q3 2024+38.9%vs Q3 2023
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Argan · $291M total across 3 segments · Q1 2027

  • Power Industry Services
    $227M+41.4%
  • Industrial Construction Services
    $58.3M+99.8%
  • Telecommunications Infrastructure Services
    $5.98M+45.2%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+1.6%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+3.0%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+25.7%

Q2 2024

Best reaction

-23.7%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027+0.4%-11.2%
Q3 2026+1.5%-5.2%-7.2%
Q3 2025-12.6%-8.6%-8.5%
Q2 2025-11.2%-5.0%+10.3%
Q2 2026+4.8%-4.2%+15.5%
Q1 2026+7.5%-3.8%-3.1%
Q4 2025+19.9%+19.8%+31.5%
Q3 2024-1.2%-4.4%+0.0%
Q2 2024+25.7%+25.0%+51.2%
Q1 2025+0.0%-1.8%+0.5%
Q1 2024+10.8%+11.9%+2.7%
Q4 2023+20.7%+23.6%+34.3%
Q3 2023-12.1%-8.2%-3.2%
Q2 2023+8.8%+10.3%+15.9%
Q1 2023-14.1%-8.5%-11.7%
Q4 2022+1.5%+1.6%+7.4%
Q3 2022-9.3%-7.9%-2.3%
Q2 2022+5.3%+4.3%-2.8%
Q1 2022+1.8%-6.3%-10.1%
Q4 2021-7.1%-7.3%-7.9%
Q3 2021-5.6%-9.7%-3.8%
Q2 2021+4.0%-4.7%-6.1%
Q1 2021+0.8%-1.7%-6.5%
Q4 2020-0.7%-1.4%-7.7%
Q3 2020-2.7%-9.2%-8.8%
Q2 2020+4.6%+7.2%+5.9%
Q1 2020+1.1%-7.0%+0.9%
Q4 2019-7.0%+1.8%-11.1%
Q3 2019+3.7%+4.9%+18.6%
Q2 2019+0.6%+2.7%-9.5%
Q1 2019-8.4%-8.7%-10.5%
Q4 2018-0.5%+1.5%-3.4%
Q3 2018+1.4%-1.4%-5.2%
Q2 2018+17.0%+8.9%+6.9%
Q1 2018-3.6%-8.5%+6.5%
Q4 2017-13.2%-10.8%-10.0%
Q3 2017-23.7%-24.5%-21.0%
Q2 2017-1.3%-3.2%+7.4%
Q1 2017-3.2%+2.7%+0.4%
Q4 2016+10.1%+1.4%+10.6%
Q3 2016+8.2%+11.0%+10.6%
Q2 2016+8.1%+5.8%+22.0%
Q1 2016+17.1%+26.0%+27.4%
Q4 2015-0.9%
Q3 2015-12.0%
Q2 2015+4.2%
Q1 2015+2.9%
Q4 2014-7.6%
Q3 2014+5.7%
Q2 2014-5.6%
Q1 2014+7.0%
Q4 2013-0.5%
Q3 2013+18.0%
Q2 2013+3.9%
Q1 2013+4.1%
Q4 2012-9.7%
Q3 2012-1.9%
Q2 2012+8.0%
Q1 2012+6.7%
Q3 2011+12.7%
Q2 2011+10.6%
Q4 2011+10.6%
Q1 2011+3.1%
Q4 2010-7.1%

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