Company did not provide specific financial guidance for future quarters or the full year
Result drivers
Power segment execution - Co said Power segment revenue grew 53% year-over-year to $301 mln, driven by ramp-up of construction activities on several contracts
Project mix - Co said gross margin improvement was primarily due to changing mix of projects and contract types and strong execution in Power segment
Teledata expansion - Co said acquisition of ValCor Communications expanded geographic presence and client base in Teledata segment
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$384 mln
$300.61 mln (5 Analysts)
Q2 EPS
$3.76
Q2 EBITDA
$67.6 mln
Q2 Gross Profit
$74.2 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
AGX•
