Latest news with #Industrial
Yahoo
a day ago
- Business
- Yahoo
Argan Inc (AGX) Q1 2026 Earnings Call Highlights: Record Backlog and Strong Revenue Growth
Revenue: $193.7 million, a 23% increase year-over-year. Gross Margin: 19%, up from 11.4% in the previous year. Net Income: $22.6 million, or $1.60 per diluted share, compared to $7.9 million, or $0.58 per diluted share, last year. EBITDA: $30.3 million, representing 15.6% of revenue, up from $11.9 million, or 7.5% of revenue, last year. Backlog: Record $1.9 billion as of April 30, 2025. Cash and Investments: $546.5 million with net liquidity of $315 million and no debt. Dividend: Quarterly dividend of $0.375 per share. Share Repurchase: Approximately 100,000 shares repurchased for $12.9 million; program increased to $150 million. Power Industry Services Revenue: Increased 45% to $160 million, representing 83% of first-quarter revenues. Industrial Construction Services Revenue: Decreased to $29 million from $44 million, contributing 15% of first-quarter revenues. Telecommunications Infrastructure Services Revenue: Contributed 2% of first-quarter revenues. Release Date: June 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Argan Inc (NYSE:AGX) reported a 23% increase in consolidated revenue to $193.7 million for the first quarter of fiscal 2026. The company achieved a gross margin of 19%, reflecting strong execution and a favorable mix of projects. Argan Inc (NYSE:AGX) reported a record backlog of $1.9 billion as of April 30, 2025, indicating strong future project opportunities. The company's balance sheet remains robust with $546.5 million in cash and investments, and no debt. Argan Inc (NYSE:AGX) increased its quarterly dividend to $0.375 per share and expanded its share repurchase program to $150 million, demonstrating a commitment to returning capital to shareholders. The Industrial Construction Services segment experienced a revenue decrease to $29 million from $44 million in the first quarter of fiscal 2025 due to project timing. The Telecommunications Infrastructure Services segment contributed only 2% of first-quarter revenues, indicating limited growth in this area. Gross margins for the Industrial Construction Services segment decreased to 10.8% from 13.3% in the previous year. The timeline for completing gas-fired power plant projects has extended from 2.5-3 years to 3-4 years, primarily due to supply chain issues. Selling, general, and administrative expenses increased to $12.5 million, although they decreased as a percentage of revenues. Q: Can you provide an update on the pipeline visibility for the rest of the year, especially after the Sandow Lakes project award? A: The pipeline remains strong, and we are optimistic about adding to our backlog, which was $1.9 billion as of April 30. We expect to add several power industrial jobs over the next six months, potentially pushing our backlog significantly over $2 billion. However, project start times are not always within our control, but demand is expected to remain strong for the next decade. Q: What is the potential for backlog growth given your current capacity and project pipeline? A: We anticipate our backlog to grow significantly over $2 billion. We have the capacity to handle multiple projects, including renewable and gas jobs. We recently started several new projects, such as a 700-megawatt power plant, and expect to add more, which should increase our backlog substantially. Q: How does the outlook for the Industrial Business segment look, and what are the revenue trends? A: We anticipated a slight contraction in the past quarter, but we are seeing strong interest in TRC due to increased onshoring of US manufacturing. The TRC backlog increased to $91 million, and we expect revenues to increase significantly over the next several quarters. Q: Can you discuss the recent gross margins and the factors contributing to their increase? A: The recent gross margins reflect strong execution and a changing mix of projects and contract types. We are in a competitive but favorable market and expect to exceed last year's margin profile as we progress through the year. Q: Is the extended project timeline from 2.5-3 years to 3-4 years a permanent change, and what are the contributing factors? A: The extended timeline is primarily supply chain driven. If supply chain issues are resolved, there will be a push for quicker project completion. Currently, the timeline is typically 3-4 years, although smaller jobs may be shorter. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
The Hindu
3 days ago
- Business
- The Hindu
Telangana govt. to develop 80-acres Eco-Town modelled on Japanese city Kitakyushu
Drawing inspiration from the model of Kitakyushu City in Japan and as part of its focus on sustainable development, Telangana government will establish an Eco-Town across 80 acres, Industries and IT Minister Babu said here on Monday. The State government of Telangana will also be collaborating with Kitakyushu on several forward-looking initiatives, including Net Zero targets, riverfront development, circular economy practices, clean technologies and digital innovation, the Minister told a conference in which the Japanese city's Mayor Kazuhisa Takeuchi also participated. Telangana is envisioning the upcoming Future City as a benchmark in environmental sustainability with a focus on the development of eco-friendly industrial zones, zero-waste design principles and advanced water and waste management systems, he said. Seeking to highlight how Telangana is actively promoting Japanese investment in the State, the Minister said the feasibility of introducing direct flight services between Hyderabad and Kitakyushu will be explored to further strengthen bilateral ties. He urged Japanese industrialists to consider investing in view of the favourable industrial ecosystem in Telangana. The government's sustained efforts over the past 18 months had resulted in securing Rs.3 lakh crore investments from various leading corporations globally. TGIIC MD Vishnuvardhan Reddy and CEO Madhusudan, Director of the State Investment Promotion Cell Avinash and CII Telangana Chairman Shiva Prasad Reddy were among who participated in the conference 'From Kitakyushu to Telangana: Catalysing Sustainable Industrial Growth' jointly organised by the State government and the Confederation of Indian Industry (CII) at T-Hub.
Yahoo
21-05-2025
- Business
- Yahoo
Cisco Systems, Inc. (CSCO): A Bull Case Theory
We came across a bullish thesis on Cisco Systems, Inc. (CSCO) on Substack by Kroker Equity Research. In this article, we will summarize the bulls' thesis on CSCO. Cisco Systems, Inc. (CSCO)'s share was trading at $63.92 as of May 19th. CSCO's trailing and forward P/E were 26.09 and 16 respectively according to Yahoo Finance. A close-up of a laptop screen, displaying graphically enhanced programming for a software project. Cisco represents a high-potential yet complex long-term investment opportunity as it transforms from a legacy networking giant into a full-stack software and infrastructure platform for the AI and cloud era. At the core of the bullish thesis is Cisco's pivot toward high-margin, recurring software revenue, highlighted by strong growth in Annualized Recurring Revenue (ARR) and Remaining Performance Obligations (RPO). Its early success in AI infrastructure—surpassing FY25 order targets a full quarter ahead—underscores its role as an enabler of the AI boom, with strength in high-performance networking, enterprise security, and observability. The $28B Splunk acquisition is central to this transformation, integrating deep observability and security tools into Cisco's ecosystem and driving cross-sell and bundling opportunities across its massive enterprise base. Meanwhile, Cisco's strong balance sheet, shareholder returns, and reasonable valuation provide downside protection. However, execution risk remains high. Successfully integrating Splunk while navigating fierce competition in AI, security, and cloud software requires flawless operational discipline. Cisco also faces legacy drag from maturing networking businesses, macro sensitivity, and pressure on margins as it competes in crowded, price-sensitive markets. Despite these risks, Cisco raised its FY25 guidance following a strong Q3 and continues investing in growth areas such as cybersecurity, hybrid cloud networking, and Industrial IoT—where its rugged infrastructure could quietly become a differentiator. If Cisco can scale AI and software fast enough to offset legacy headwinds, the company could unlock significant shareholder value. With execution as the key variable, Cisco offers a compelling yet volatile setup—potentially undervalued if its transformation continues to deliver. Cisco Systems, Inc. (CSCO) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 84 hedge fund portfolios held CSCO at the end of the fourth quarter which was 60 in the previous quarter. While we acknowledge the risk and potential of CSCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CSCO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Qatar Tribune
20-05-2025
- Business
- Qatar Tribune
Qatar's undersecretary advocates for robust industrial alliances at Abu Dhabi event
QNA Doha Mohammed bin Hassan Al-Malki, Undersecretary of the Ministry of Commerce and Industry, took part in the 'Make it in the Emirates' Forum, held in Abu Dhabi on 19-22 May 2025. During the forum, he highlighted the State of Qatar's efforts to foster partnerships and advance sustainable industrial integration regionwide. Speaking at a panel discussion titled 'Integrating Transnational Supply Chains: International Industrial Alliances and Partnerships,' Al-Malki emphasised that Qatar's national manufacturing strategy 2024-2030 aligns closely with the UAE's vision of enhancing regional industrial cooperation. He commended the rollout of the 'Industrial Partnership for Sustainable Economic Development' from Abu Dhabi in 2022, considering it a pivotal platform for advancing collaborative industrial growth and regional economic integration. The Industrial Partnership initially brought together the UAE, Jordan, Egypt, Bahrain, and Morocco. It has since expanded to include Qatar and Turkey as of early 2025, creating a cooperative framework to foster industrial integration among member states and support the development of a resilient, innovation-driven, and sustainable economy. He underscored the collective industrial capabilities of the member states as a lever to address global challenges and achieve regional leadership in supply chain management and advanced manufacturing. Al-Malki noted that 'Make it in the Emirates' is more than a platform for showcasing national capacities; but a catalyst for forging strategic industrial partnerships, driving innovation, and building a resilient infrastructure that serves the aspirations of future generations. He highlighted two strategic partnership initiatives, initiated under the Industrial Partnership, that embody the spirit of collaboration between member states: The partnership between Qatar's MedGulf and the UAE's Future Pipe Company for the supply of 28,000 meters of fiberglass piping – scheduled for completion in January 2026. The long-term agreement between Qatar Steel and Bahrain Steel, valued at USD 1.266 billion, to supply five million metric tons of raw materials over five years, aimed to enhance supply chain integration and ensure a seamless industrial production across the region. He also underscored the Qatar National Manufacturing Strategy 2024–2030, which aims to develop a resilient, diverse, and future-ready industrial sector.
Yahoo
15-05-2025
- Business
- Yahoo
Ontario to IEUA: Stop the Blame Game, Start the Conversation
ONTARIO, Calif., May 15, 2025 /PRNewswire/ -- The City of Ontario (City) rejects the misleading and inflammatory accusations issued by the Inland Empire Utilities Agency (IEUA) in its recent public letter, received Friday, May 9, 2025. IEUA's talk of collaboration is a smokescreen, but its actions have been defined by public attacks, factual distortions, and repeated failures in fulfilling its regional responsibilities. "Ontario remains committed to protecting public health, providing safe, reliable, and cost-effective water and wastewater services to our residents and businesses," said Ontario Mayor Paul Leon. "What the public deserves is transparency and accountability from all agencies. Unfortunately, IEUA's latest communication does not reflect either." Below each FALSE claim made by IEUA is addressed with the additional context IEUA has failed to publicly provide. IEUA FALSE Claim #1: The City is allowing PFAS to infiltrate the regional collection system, necessitating costly treatment to protect public health. IEUA's accusation is baseless fearmongering and an attempt to deflect from its own lack of transparency on PFAS in the regional recycled water supply. The City has never refused to test for PFAS and, in fact, consistently meets or exceeds all state and federal water and sewer safety standards. IEUA has never made a formal request identifying specific testing sites, and when the City proactively asked for the regulatory basis for such testing, IEUA responded that participation was voluntary. If IEUA believes PFAS monitoring is a regional concern, it should raise the issue through its Technical and Policy Committees, where collaboration, not press releases, drives solutions. Meanwhile, we call on IEUA to be transparent about PFAS levels in its own wastewater effluent and recycled water, data it has yet to share with the member agencies or the communities they serve. IEUA FALSE Claim #2: The City is allowing a local business to release hazardous materials into the regional collection system. IEUA's claim misrepresents a clear regulatory success. Rather than neglecting enforcement, the City took decisive action, working closely with the business to bring it into full compliance with environmental standards. The result was a significant investment in on-site treatment systems, ensuring long-term water quality protections. This outcome reflects responsible governance and a collaborative approach to compliance, not the negligence IEUA falsely suggests. That IEUA would distort this as a failure only raises further questions about its motives and credibility. IEUA FALSE Claim #3: The City has restricted access for IEUA to monitor possible illegal discharging into the IEUA system. IEUA's concerns over Significant Industrial User (SIU) permitting are disingenuous. Of all SIUs in the City's system, only one is managed by the City, and that permit was co-signed by IEUA. The City proposed deferring SIU transfers until the regional contract dispute was resolved, a position shared in a documented exchange with IEUA leadership. Since then, IEUA has remained silent, continuing a pattern of disengagement and failed regional leadership. IEUA FALSE Claim #4: The City is illegally discharging, jeopardizing public health and putting the Sports Complex Project at risk. IEUA's claim is misleading and reckless. The City is not illegally discharging wastewater, it is using the Eastern Trunk Sewer (ETS), a shared facility operated under a long-standing agreement between both agencies. IEUA's recent attempt to reframe this decades-old, cooperative use as unauthorized is a baseless distortion. Since 2011, the City and IEUA have been actively working together to amend and modernize the ETS Agreement. IEUA's effort to twist this process into a violation reflects a troubling pattern of misrepresentation. What truly jeopardizes public interest is IEUA's obstruction of progress. To support the April 2026 opening of the Ontario Sports Empire and the Dodgers' Opening Day, the City is building permanent sewer infrastructure. As a backup, the City requested a temporary connection in October 2024. Rather than collaborate, IEUA demanded $25 million, monthly fees, and unrelated political concessions. Denying interim service the agency is fully capable of providing is not responsible governance, it's bureaucratic ransom that puts regional benefits at risk. IEUA FALSE Claim #5: IEUA critical infrastructure projects protecting public health impacted by delays by the City. This accusation is another example of IEUA deflecting blame for its own delays. IEUA must meet standard City requirements to safely build in public rights-of-way, just like any other agency or developer. The City has responded to all submittals related to the force main project and even entered into a memorandum of understanding to support IEUA's success. The truth is, IEUA has yet to submit final plans required for permit approval and has repeatedly changed the scope of its project, forcing the City to revise surrounding infrastructure designs. Despite these shifting demands, the City continues to work in good faith to keep the project moving. IEUA's inability to coordinate and follow through is the real cause of delay, not the City's process. IEUA's troubling pattern of unilateral decisions, non-responsiveness, and public misrepresentation undermines regional water reliability and community trust. The time has come to re-evaluate how our region governs shared resources. The City Of Ontario remains open to a productive and transparent meeting with IEUA leadership. But we urge the agency to stop using misinformation and fear tactics, and instead return to the table with facts, solutions, and respect for all partner agencies. The entire response from the City can be found at View original content: SOURCE City of Ontario Sign in to access your portfolio
