ARGAN Reports 19.7% Increase in Total Revenue for Q2 of FY2024
September 8, 2023
☀️Earnings Overview
On September 6 2023, ARGAN ($NYSE:AGX) reported their earnings results for the second quarter of their fiscal year 2024, ending July 31 2023. Total revenue was USD 141.3 million, which was a 19.7% increase from the same period in the previous year. Additionally, their net income was USD 12.8 million, a significant jump from the 4.2 million reported the year prior.
Analysis
GoodWhale has conducted an analysis of ARGAN‘s financials and based on their Risk Rating, ARGAN is determined to be a high risk investment in terms of its financial and business aspects. GoodWhale has detected three risk warnings in the income sheet, balance sheet, and financial journal. Those who are interested in learning more should register on goodwhale.com to get an in-depth look at the risks associated with investing in ARGAN. The risk warnings that GoodWhale has identified are signs that ARGAN may not be an appropriate investment at this time. For example, there could be inconsistencies in revenue or cash flow, imbalances in the balance sheet, or even misstatements in the financial journal. All of these issues need to be addressed in order for investors to make an informed decision. By registering on goodwhale.com, investors will have access to additional information that can help them determine whether ARGAN is a suitable investment or not. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Argan. More…
| Total Revenues | Net Income | Net Margin |
| 481.68 | 36.27 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Argan. More…
| Operations | Investing | Financing |
| 8.42 | -63.12 | -82.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Argan. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 505.71 | 220.67 | 21.25 |
Key Ratios Snapshot
Some of the financial key ratios for Argan are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.7% | 7.9% | 7.5% |
| FCF Margin | ROE | ROA |
| 1.0% | 8.0% | 4.4% |
Peers
Taisei Corp, Enka Insaat Ve Sanayi AS, and Koninklijke Bam Groep NV are all leading competitors in the EPC space.
– Taisei Corp ($TSE:1801)
Taisei Corp is a Japanese construction company with a market cap of 782.86B as of 2022. The company has a Return on Equity of 7.8%. Taisei Corp is involved in the construction of buildings, roads, bridges, and other infrastructure. The company also has a history of working on large-scale projects such as the Tokyo Skytree and the Tokyo Olympics Stadium.
– Enka Insaat Ve Sanayi AS ($OTCPK:EKIVF)
Enka Insaat Ve Sanayi AS is a construction and engineering company based in Turkey. The company has a market cap of 5.85B as of 2022 and a Return on Equity of -2.88%. Enka Insaat Ve Sanayi AS is involved in the construction of buildings, infrastructure, and industrial facilities.
– Koninklijke Bam Groep NV ($LTS:0LNQ)
Koninklijke Bam Groep NV is a leading Dutch construction and engineering company. The company has a market cap of 574.15M as of 2022 and a Return on Equity of 10.57%. Koninklijke Bam Groep NV is a leading provider of construction and engineering services in the Netherlands. The company has a strong focus on sustainable construction and engineering solutions.
Summary
Investors should take note of ARGAN‘s strong second quarter earnings results for FY2024. Total revenue was up 19.7% year-over-year to USD 141.3 million, and net income rose to USD 12.8 million from 4.2 million a year ago. This indicates the company is well-positioned for success, and investors should consider investing in the stock.
The components of the company’s success are clear, and its financials continue to improve. Investors should consider the potential for further growth and value appreciation.
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