Argan posts record Q2 FY27 revenue of $384M, record net income of $53.3M, EPS of $3.76; dividend rises to $0.50

ARGAN INC

Revenue of $384.0M, up 61.5% YoY from $237.7M; gross margin expanded 70 bps to 19.3%.
Net income hit record $53.3M vs $35.3M; diluted EPS of $3.76 vs $2.50 prior-year quarter.
Quarterly cash dividend raised 33% to $0.50/share from $0.375/share.
Six-month revenue $674.9M (up 56.5% YoY); net income $99.4M; EPS $7.01 vs $4.09.
Project backlog fell to $2.518B from $2.929B at Jan 31, 2026; cash/investments rose to $1.028B.

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