Rockville, Maryland – Argan, Inc. recently held its Q2 2025 Earnings Conference Call, discussing the company’s performance for the second fiscal quarter ending on July 31, 2024. The call included key executives such as CEO David Watson and CFO Hank Deily, who provided insights into the company’s financial results and operational highlights.

During the conference call, Watson emphasized the company’s strong performance, with a 61% increase in consolidated revenues to $227 million, marking the strongest quarterly revenues and EBITDA performance since 2017. The company experienced revenue growth across all business segments, particularly in Power Services and Industrial Services.

The presentation highlighted Argan’s three reportable business segments: Power Industry Services, Industrial Construction Services, and Telecommunications Infrastructure Services. Power Industry Services saw a 65% increase in revenues, driven by projects like the Trumbull Energy Center in Ohio. Industrial Construction Services, represented by TRC, also had a significant quarter with a 52% revenue growth.

Looking ahead, Watson discussed the company’s focus on renewable projects, which made up a substantial portion of their backlog. He reiterated Argan’s commitment to supporting renewable energy resources while recognizing the need for traditional energy facilities to maintain stable grids and reliable power generation.

Moreover, CFO Hank Deily provided a detailed overview of the company’s financial performance, highlighting a 61% increase in revenues, positive contributions from all business segments, and a strong net income of $18.2 million for the second quarter of fiscal 2025. By the end of July 2024, Argan reported a consolidated project backlog exceeding $1 billion.

In conclusion, both Watson and Deily expressed optimism about Argan’s future prospects, emphasizing the company’s dedication to driving long-term value creation for shareholders and its continued focus on growth and innovation in both traditional and renewable energy projects. With a strong financial position, a robust project pipeline, and a solid track record of success, Argan remains well-positioned in the energy construction industry.