What is Argan's power industry services — goodwill impairment?

Argan (AGX) reported power industry services — goodwill impairment of $1.98M in Q4 2021.

What does power industry services — goodwill impairment mean?

The current period loss recorded due to a decline in the value of goodwill for the power services segment.

How do you interpret power industry services — goodwill impairment?

Any value above zero indicates a significant negative event or structural decline in the segment's value.

How does power industry services — goodwill impairment compare across companies?

Standard 'Goodwill Impairment' charge found in income statements or segment notes.

Argan AGX Power Industry Services — Goodwill Impairment

Discontinued — last reported Q4 '22

Similar metrics at other companies

APGIndustrial Services — Goodwill Impairment

$98M—

APGIndustrial Services — Goodwill Impairment Loss At Business With Ongoing Operations

$58M0.0%

CNP

CNPInfrastructure Services — Goodwill Impairment

$0—

CNP

CNPEnergy Services — Goodwill Impairment Loss Net Of Tax

$12M—

CNP

CNPEnergy Services — Goodwill Impairment

$12M—

APGSafety Services — Goodwill Impairment Loss At Business With Ongoing Operations

$83M0.0%

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:GoodwillImpairmentLoss.

The official record: Argan’s 10-K, filed April 11, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Argan's power industry services — goodwill impairment?: Argan (AGX) reported power industry services — goodwill impairment of $1.98M in Q4 2021.
What does power industry services — goodwill impairment mean?: The current period loss recorded due to a decline in the value of goodwill for the power services segment.
How do you interpret power industry services — goodwill impairment?: Any value above zero indicates a significant negative event or structural decline in the segment's value.
How does power industry services — goodwill impairment compare across companies?: Standard 'Goodwill Impairment' charge found in income statements or segment notes.