How do you interpret industrial construction services — PP&E additions?

Higher spending indicates investment in future capacity or modernization, whereas consistently low spending may suggest aging infrastructure or limited growth plans.

How does industrial construction services — PP&E additions compare across companies?

Benchmark against depreciation to see if the segment is net-investing or harvesting existing assets.

Argan AGX Industrial Construction Services — PP&E Additions

Discontinued — last reported Q2 '24

Similar metrics at other companies

IRIndustrial Technologies and Services — Total capital expenditures

$29.8M+12.9%

PPGIndustrial Coatings — PP&E Additions

$46M-41.2%

AVYOperating Segments — PP&E Additions

$48.45M+9.6%

APGIndustrial Services — Capital Expenditures

$1M-50.0%

MLIOperating Segments — PP&E Additions

$6.41M-58.4%

CWCommercial/Industrial — PropertyPlantAndEquipmentAdditions

$5.41M-25.3%

Other financials

Income statement

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Revenue$291.0M+50.2%

Gross profit$61.1M+65.8%

Operating income$45.4M+86.5%

Net income$46.1M+104%

EPS (diluted)$3.24+102%

Balance sheet

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Cash & equivalents$355.8M+88.0%

Total debt$6.4M+20.6%

Total equity$473.5M+30.1%

Total assets$1.3B+62.4%

Cash flow

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Operating cash flow$113.4M+221%

CapEx$2.4M+516%

Free cash flow$111.0M+218%

Valuation

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Market cap$10.36B+361%

P/E64.2×+41.8×

P/S9.9×+7.5×

Profitability

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Gross margin20.9%+3.3pp

Operating margin14.9%+3.3pp

Net margin15.5%+4.5pp

FCF margin46.7%+27.1pp

Returns & leverage

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Return on equity38.5%+8.0pp

Debt / equity0×0.0×

Current ratio1.5×-0.2×

Where this comes from

Reported directly by Argan in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAdditions.

The official record: Argan’s 10-Q, filed September 6, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Argan's industrial construction services — PP&E additions?: Argan (AGX) reported industrial construction services — PP&E additions of $220K in Q2 2023.
What does industrial construction services — PP&E additions mean?: The amount spent on new physical assets like equipment and facilities for this segment.
How do you interpret industrial construction services — PP&E additions?: Higher spending indicates investment in future capacity or modernization, whereas consistently low spending may suggest aging infrastructure or limited growth plans.
How does industrial construction services — PP&E additions compare across companies?: Benchmark against depreciation to see if the segment is net-investing or harvesting existing assets.