Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through three segments: Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services. The Power Industry Services segment offers engineering, procurement, and construction (EPC) contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 15 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and energy plant construction companies. The Industrial Fabrication and Field Services segment provides industrial field, and pipe and vessel fabrication services for forest products, industrial gas, large fertilizer, mining, and petrochemical companies in southeast region of the United States. The Telecommunications Infrastructure Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structuring, cabling, terminations, and connectivity that offers the physical transport for high speed data, voice, video, and security networks. This segment serves state and local government agencies, regional communications service providers, electric utilities, and other commercial customers, as well as federal government facilities comprising cleared facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.
IPO Year:
Exchange: NYSE
Website: arganinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/28/2025 | $150.00 | Hold → Buy | Lake Street |
| 12/3/2024 | $85.00 → $150.00 | Buy → Hold | Lake Street |
PRE 14A - ARGAN INC (0000100591) (Filer)
8-K - ARGAN INC (0000100591) (Filer)
8-K - ARGAN INC (0000100591) (Filer)
8-K - ARGAN INC (0000100591) (Filer)
10-K - ARGAN INC (0000100591) (Filer)
8-K - ARGAN INC (0000100591) (Filer)
8-K - ARGAN INC (0000100591) (Filer)
8-K - ARGAN INC (0000100591) (Filer)
8-K - ARGAN INC (0000100591) (Filer)
8-K - ARGAN INC (0000100591) (Filer)
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") announced today the appointment of Lisa Larroque Alexander to its Board of Directors. Ms. Alexander serves as Senior Vice President at Sempra (NYSE:SRE), a leading energy infrastructure company with a $43 billion market capitalization and a workforce of 22,000. She leads global corporate affairs and enterprise human resources, overseeing public policy, stakeholder engagement, talent development, pensions and trusts, and corporate ethics, sustainability, and human resources. With extensive experience at Sempra and its subsidiaries, Ms. Alexander has led strategy, research and development, public policy, industrial customer operations, and s
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") is pleased to announce the appointment of Brian Orlandi as the Chief Executive Officer of its subsidiary, SMC Infrastructure Solutions ("SMCiS"). Brian Orlandi brings a wealth of experience and a proven track record in the infrastructure and construction sectors, making him the ideal leader to guide SMCiS into its next phase of growth and innovation. With over 25 years of industry experience, Mr. Orlandi has demonstrated exceptional leadership in driving operational excellence, fostering strategic partnerships, and spearheading transformative growth initiatives. Prior to joining SMCiS, Mr. Orlandi served as Vice President and General Manage
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4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
4 - ARGAN INC (0000100591) (Issuer)
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that its Board of Directors (the "Board") approved an increase to the Company's existing share repurchase program from $125 million to $150 million and declared a regular quarterly cash dividend in the amount of $0.375 per common share, payable on April 30, 2025 to stockholders of record at the close of business on April 22, 2025. "Expanding our share repurchase program reflects the Board's confidence in Argan's ability to drive long-term growth and reinforces our commitment to delivering long-term value to shareholders," said David Watson, President and Chief Executive Officer of Argan. "We're also pleased to announce a reg
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") announced today the appointment of Lisa Larroque Alexander to its Board of Directors. Ms. Alexander serves as Senior Vice President at Sempra (NYSE:SRE), a leading energy infrastructure company with a $43 billion market capitalization and a workforce of 22,000. She leads global corporate affairs and enterprise human resources, overseeing public policy, stakeholder engagement, talent development, pensions and trusts, and corporate ethics, sustainability, and human resources. With extensive experience at Sempra and its subsidiaries, Ms. Alexander has led strategy, research and development, public policy, industrial customer operations, and s
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces financial results for its fourth quarter and fiscal year ended January 31, 2025. The Company will host an investor conference call today, March 27, 2025, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data) January 31, For the Quarter Ended: 2025 2024 Change Revenues $ 232,474 $ 164,554 $ 67,920 Gross profit 47,613 23,633 23,980 Gross margin % 20.5 % 14.4 % 6.1 % Net income $
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announced that the Company will release its fourth quarter and fiscal year-end 2025 financial results after the market closes on Thursday, March 27, 2025. Management will host a webcast with an accompanying slide presentation and conference call on Thursday, March 27, 2025 at 5:00 p.m. ET. Participants can access the live webcast by visiting this link. To access the call by phone, participants can use the following dial-in information: Domestic: 888-506-0062 International: 973-528-0011 Access code: 966525 A replay of the teleconference will be available until April 10, 2025, and can be accessed by dialing 877-481-4010 (domesti
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announced that it has moved its corporate headquarters to Arlington, Virginia. The new location at Two Liberty Center, 4075 Wilson Boulevard, Suite 440, is just minutes from the nation's capital, and provides convenient access for customers, investors and employees, as well as proximity to a variety of restaurants, hotels and other amenities, most within walking distance from the new office. Argan's new corporate headquarters location is in the heart of the Ballston section of downtown Arlington, two blocks from the Ballston Metro station. The new offices are also conveniently located near Ronald Reagan Washington National Airport (15
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") is pleased to announce the appointment of Brian Orlandi as the Chief Executive Officer of its subsidiary, SMC Infrastructure Solutions ("SMCiS"). Brian Orlandi brings a wealth of experience and a proven track record in the infrastructure and construction sectors, making him the ideal leader to guide SMCiS into its next phase of growth and innovation. With over 25 years of industry experience, Mr. Orlandi has demonstrated exceptional leadership in driving operational excellence, fostering strategic partnerships, and spearheading transformative growth initiatives. Prior to joining SMCiS, Mr. Orlandi served as Vice President and General Manage
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that its wholly owned subsidiary, Gemma Power Systems ("Gemma"), entered into an engineering, procurement and construction ("EPC") services contract with Sandow Lakes Energy Company, LLC ("SLEC") of Rockdale, Texas, for a 1.2 GW ultra-efficient natural gas-fired plant in Lee County, Texas. The plant will be developed and owned by a SLEC subsidiary and will be capable of supplying power to 800,000 homes within the Electric Reliability Council of Texas (ERCOT). Construction is expected to begin this summer and has an expected project completion date in 2028. Charles E. Collins, IV, Chief Executive Officer of Gemma, commented,
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.375 per common share. The dividend will be payable on January 31, 2025 to stockholders of record at the close of business on January 23, 2025. David Watson, President and Chief Executive Officer of Argan, commented, "We are pleased to declare a regular quarterly cash dividend of $0.375 per common share. We remain confident in our business and energized by the strong demand for new projects. "Earlier this week we disclosed via Form 8-K that our subsidiary Gemma Power Systems received a full notice to proceed on an approximately 700 M
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces financial results for its third quarter of fiscal year 2025 ended October 31, 2024. The Company will host an investor conference call today, December 5, 2024, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data) October 31, For the Quarter Ended: 2024 2023 Change Revenues $ 257,008 $ 163,755 $ 93,253 Gross
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announced that the Company will release its third quarter fiscal 2025 financial results after the market closes on Thursday, December 5, 2024. Management will host a webcast with an accompanying slide presentation and conference call on Thursday, December 5, 2024 at 5:00 p.m. ET. Participants can access the live webcast by visiting this link. To access the call by phone, participants can use the following dial-in information: Domestic: 888-506-0062 International: 973-528-0011 Access code: 925404 A replay of the teleconference will be available until December 19, 2024, and can be accessed by dialing 877-481-4010 (domestic)
Lake Street upgraded Argan from Hold to Buy and set a new price target of $150.00
Lake Street downgraded Argan from Buy to Hold and set a new price target of $150.00 from $85.00 previously
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that its Board of Directors (the "Board") approved an increase to the Company's existing share repurchase program from $125 million to $150 million and declared a regular quarterly cash dividend in the amount of $0.375 per common share, payable on April 30, 2025 to stockholders of record at the close of business on April 22, 2025. "Expanding our share repurchase program reflects the Board's confidence in Argan's ability to drive long-term growth and reinforces our commitment to delivering long-term value to shareholders," said David Watson, President and Chief Executive Officer of Argan. "We're also pleased to announce a reg
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces financial results for its fourth quarter and fiscal year ended January 31, 2025. The Company will host an investor conference call today, March 27, 2025, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data) January 31, For the Quarter Ended: 2025 2024 Change Revenues $ 232,474 $ 164,554 $ 67,920 Gross profit 47,613 23,633 23,980 Gross margin % 20.5 % 14.4 % 6.1 % Net income $
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announced that the Company will release its fourth quarter and fiscal year-end 2025 financial results after the market closes on Thursday, March 27, 2025. Management will host a webcast with an accompanying slide presentation and conference call on Thursday, March 27, 2025 at 5:00 p.m. ET. Participants can access the live webcast by visiting this link. To access the call by phone, participants can use the following dial-in information: Domestic: 888-506-0062 International: 973-528-0011 Access code: 966525 A replay of the teleconference will be available until April 10, 2025, and can be accessed by dialing 877-481-4010 (domesti
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.375 per common share. The dividend will be payable on January 31, 2025 to stockholders of record at the close of business on January 23, 2025. David Watson, President and Chief Executive Officer of Argan, commented, "We are pleased to declare a regular quarterly cash dividend of $0.375 per common share. We remain confident in our business and energized by the strong demand for new projects. "Earlier this week we disclosed via Form 8-K that our subsidiary Gemma Power Systems received a full notice to proceed on an approximately 700 M
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces financial results for its third quarter of fiscal year 2025 ended October 31, 2024. The Company will host an investor conference call today, December 5, 2024, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data) October 31, For the Quarter Ended: 2024 2023 Change Revenues $ 257,008 $ 163,755 $ 93,253 Gross
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announced that the Company will release its third quarter fiscal 2025 financial results after the market closes on Thursday, December 5, 2024. Management will host a webcast with an accompanying slide presentation and conference call on Thursday, December 5, 2024 at 5:00 p.m. ET. Participants can access the live webcast by visiting this link. To access the call by phone, participants can use the following dial-in information: Domestic: 888-506-0062 International: 973-528-0011 Access code: 925404 A replay of the teleconference will be available until December 19, 2024, and can be accessed by dialing 877-481-4010 (domestic)
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that on September 17, 2024, its Board of Directors declared a 25% increase in the quarterly cash dividend, raising it from $0.30 to $0.375 per common share. The dividend will be payable on October 31, 2024, to stockholders of record at the close of business on October 23, 2024. "We are pleased to announce today's dividend increase which reflects the strength of our financial performance and balance sheet and is aligned with our commitment to returning value to our shareholders. This 25% increase to $0.375 per common share per fiscal quarter, or $1.50 annually, comes just one year after our previous dividend raise and demonst
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces financial results for its second quarter of fiscal year 2025 ended July 31, 2024. The Company will host an investor conference call today, September 5, 2024, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data) July 31, For the Quarter Ended: 2024 2023 Change Revenues $ 227,015 $ 141,349 $ 85,666 Gross profit 31,105 23,742
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announced that the Company will release its second quarter fiscal 2025 financial results after the market closes on Thursday, September 5, 2024. Management will host a webcast with an accompanying slide presentation and conference call on Thursday, September 5, 2024 at 5:00 p.m. ET. Participants can access the live webcast by visiting this link. To access the call by phone, participants can use the following dial-in information: Domestic: 888-506-0062 International: 973-528-0011 Access code: 246016 A replay of the teleconference will be available until September 19, 2024, and can be accessed by dialing 877-481-4010 (domes
Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that its Board of Directors (the "Board") declared a regular quarterly cash dividend in the amount of $0.30 per share of common stock. The dividend will be payable on July 31, 2024, to stockholders of record at the close of business on July 23, 2024. The Board also extended the expiration date of Argan's $125 million Share Repurchase Plan through January 31, 2027. About Argan, Inc. Argan's primary business is providing a full range of construction and related services to the power industry. Argan's service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable en