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    Argan, Inc. Reports Third Quarter Fiscal 2025 Results

    12/5/24 4:05:00 PM ET
    $AGX
    Engineering & Construction
    Consumer Discretionary
    Get the next $AGX alert in real time by email

    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 profit

     

     

    44,327

     

     

    19,235

     

     

    25,092

     

    Gross margin %

     

     

    17.2

    %

     

    11.7

    %

     

    5.5

    %

    Net income

     

    $

    28,010

     

    $

    5,464

     

    $

    22,546

     

    Diluted income per share

     

     

    2.00

     

     

    0.40

     

     

    1.60

     

    EBITDA

     

     

    37,509

     

     

    12,180

     

     

    25,329

     

    Cash dividends per share

     

     

    0.375

     

     

    0.300

     

     

    0.075

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    October 31,

     

     

     

     

    For the Nine Months Ended:

     

    2024

     

    2023

     

    Change

     

    Revenues

     

    $

    641,705

     

    $

    408,779

     

    $

    232,926

     

    Gross profit

     

     

    93,376

     

     

    57,201

     

     

    36,175

     

    Gross margin %

     

     

    14.6

    %

     

    14.0

    %

     

    0.6

    %

    Net income

     

    $

    54,090

     

    $

    20,340

     

    $

    33,750

     

    Diluted income per share

     

     

    3.91

     

     

    1.50

     

     

    2.41

     

    EBITDA

     

     

    74,241

     

     

    33,774

     

     

    40,467

     

    Cash dividends per share

     

     

    0.975

     

     

    0.800

     

     

    0.175

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    October 31,

     

    January 31,

     

     

     

     

    As of:

     

    2024

     

    2024

     

    Change

     

    Cash, cash equivalents and investments

     

    $

    506,282

     

    $

    412,405

     

    $

    93,877

     

    Net liquidity (1)

     

     

    280,977

     

     

    244,919

     

     

    36,058

     

    Share repurchase treasury stock, at cost

     

     

    102,746

     

     

    97,528

     

     

    5,218

     

    Project backlog

     

     

    800,000

     

     

    757,000

     

     

    43,000

     

    (1)

     

    Net liquidity, or working capital, is defined as total current assets less total current liabilities.

    David Watson, President and Chief Executive Officer of Argan, commented, "Our third quarter revenues and earnings, each the second highest in Company history, reflect strong execution across all of our businesses, which drove consolidated revenues growth of 57% to $257 million, gross margin of 17.2%, net income of $28.0 million, or $2.00 per diluted share, and EBITDA of $37.5 million. Our power industry services segment had a particularly strong quarter as evidenced by revenue growth of 75% to $212 million with gross margin of 18.3%, demonstrating our ability to drive enhanced profitability on our renewable as well as on our natural gas projects.

    "Our backlog of $0.8 billion at the close of the quarter increased 6% compared to backlog entering fiscal year 2025, and includes $478 million of renewable projects, reflecting the market appeal of our energy agnostic capabilities and our ability to diversify our backlog mix. The industry is seeing strong demand for natural gas projects and we believe that our expertise, well-established industry relationships and reputation for enabling efficient and on-budget project completion provide a competitive advantage as we pursue new opportunities.

    "As we move through the close of our fiscal year, we are encouraged by the strengthening pipeline of planned energy facilities as the industry prepares for the anticipated unprecedented growth in power demand driven by data centers, reshoring of manufacturing operations and increased EV charger utilization. We believe our successful track record as an effective partner in the construction of both traditional and renewable power facilities position us well to capitalize on the current and future need for high quality energy resources to support the power grid."

    Third Quarter Results

    Consolidated revenues for the quarter ended October 31, 2024 were $257.0 million, an increase of $93.3 million, or 57%, from consolidated revenues of $163.8 million reported for the comparable prior year quarter. The Company achieved increased revenues with heightened quarterly construction activities at several projects, including the Midwest Solar and Battery Projects; the Trumbull Energy Center, a large combined cycle, gas-fired power plant under construction near Lordstown, Ohio; the 405 MW Midwest Solar Project; and the Louisiana LNG Facility. The overall increase in consolidated revenues between quarters was partially offset by decreased construction revenues associated with the Guernsey Power Station project, the Shannonbridge Power Project and the ESB FlexGen Peaker Plants, as those projects have been completed.

    For the quarter ended October 31, 2024, Argan's consolidated gross profit was approximately $44.3 million, or 17.2% of consolidated revenues, reflecting profit contributions from all three reportable business segments. The consolidated gross margin for the quarter reflects the changing mix of projects, strong execution and certain positive job closeouts. Last year, during the third quarter ended October 31, 2023, gross profit was negatively impacted by a loss on the Kilroot project, which reduced gross profit by approximately $10.7 million. Consolidated gross profit for the quarter ended October 31, 2023 was $19.2 million, or 11.7% of consolidated revenues.

    Selling, general and administrative expenses increased by $2.6 million to $14.0 million for the quarter ended October 31, 2024, from $11.4 million in the comparable prior year quarter. However, as a percentage of revenues, these expenses declined to 5.4% in the third quarter of fiscal 2025 as compared to 6.9% in the third quarter of fiscal 2024.

    Other income, net, for the three months ended October 31, 2024 was $6.6 million, which reflected income earned during the period on invested funds in the total amount of approximately $4.8 million. During the quarter ended October 31, 2024, the Company recorded income tax expense of $9.0 million, primarily due to consolidated pre-tax book income of $37.0 million. For the comparable period last year, the effective tax rate was higher primarily due to the unrecognized tax loss benefit related to the Kilroot project.

    For the quarter ended October 31, 2024, Argan achieved net income of $28.0 million, or $2.00 per diluted share, compared to $5.5 million, or $0.40 per diluted share, for last year's third quarter. EBITDA for the quarter ended October 31, 2024 increased to $37.5 million compared to $12.2 million in the same quarter of last year.

    Argan maintained a substantial total balance of cash, cash equivalents and investments during the quarter. The total balances were $506.3 million and $412.4 million as of October 31 and January 31, 2024, respectively. Balance sheet net liquidity was $281.0 million at October 31, 2024 and $244.9 million at January 31, 2024; furthermore, the Company had no debt.

    First Nine Months Results

    Consolidated revenues for the nine months ended October 31, 2024 were $641.7 million, an increase of $232.9 million, or 57.0%, from consolidated revenues of $408.8 million reported for the comparable prior year period.

    For the nine months ended October 31, 2024, consolidated gross profit increased to approximately $93.4 million, which represented a consolidated gross margin of 14.6%, compared to consolidated gross profit of $57.2 million, or consolidated gross margin of 14.0%, reported for the nine months ended October 31, 2023. The gross profit percentage increased between periods primarily due to the changing mix of projects and contract types. Additionally, during the nine-month periods ended October 31, 2024 and 2023, gross profit was negatively impacted by a loss recorded on the Kilroot Project, which reduced gross profit by approximately $2.6 million and $11.5 million, respectively.

    Selling, general and administrative expenses increased by $5.4 million to $37.8 million for the nine months ended October 31, 2024, from $32.5 million in the comparable prior year period. However, as a percentage of revenues, these expenses declined to 5.9% from 7.9% between the periods.

    Other income, net, for the nine months ended October 31, 2024 was $17.0 million, which reflected income earned during the period on invested funds of approximately $14.0 million, as the weighted average balances of investments are meaningfully higher this year.

    The Company recorded income tax expense of $18.5 million for the nine months ended October 31, 2024 primarily due to corresponding consolidated pre-tax book income of $72.6 million. For the comparable period last year, the effective tax rate was higher primarily due to the unrecognized tax loss benefit related to the Kilroot project.

    For the nine months ended October 31, 2024, Argan achieved net income of $54.1 million, or $3.91 per diluted share, versus net income of $20.3 million, or $1.50 per diluted share, for last year's comparable period. EBITDA for the nine months ended October 31, 2024 was $74.2 million compared to $33.8 million in the same period of last year.

    Conference Call and Webcast

    Argan will host a conference call and webcast for investors today, December 5, 2024, at 5:00 p.m. ET.

    Domestic stockholders and interested parties may participate in the conference call by dialing (888) 506-0062 and international participants should dial (973) 528-0011; all callers shall use access code: 925404.

    The call and the accompanying slide deck will also be webcast at:

    https://www.webcaster4.com/webcast/page/2961/51625

    The conference call and slide deck may also be accessed via the Investor Center section of the Company's website at https://arganinc.com/investor-center. Please allow extra time prior to the call to visit the site.

    A replay of the teleconference will be available until December 19, 2024, and can be accessed by dialing 877-481-4010 (domestic) or 919-882-2331 (international). The replay access code is 51625. A replay of the webcast can be accessed until December 5, 2025.

    About Argan

    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 energy facilities, along with related commissioning, maintenance, project development and technical consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated industrial construction, fabrication and plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

    Non-GAAP Financial Measures

    The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States ("GAAP"). Within this press release, the Company makes reference to earnings before interest, taxes, depreciation and amortization ("EBITDA"), a non-GAAP financial measure. The Company believes that the non-GAAP financial measure described in this press release is important to management and investors because the measure supplements the understanding of Argan's ongoing operating results, excluding the effects of capital structure, depreciation, amortization, and income tax rates. The non-GAAP financial measure referred to above should be considered in conjunction with, and not as a substitute for, the GAAP financial information presented in this press release. Financial tables at the end of this press release provide a reconciliation of the non-GAAP financial measures to the comparable GAAP measures.

    Safe Harbor Statement

    Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company's future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, the Company's ability to successfully complete the projects that it obtains, and the Company's effectiveness in mitigating future losses related to the Kilroot loss contract. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company's SEC filings.

    ARGAN, INC. AND SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

    (In thousands, except per share data)

    (Unaudited)

     

     

     

    Three Months Ended

     

    Nine Months Ended

     

     

    October 31,

     

    October 31,

     

     

    2024

     

     

    2023

     

     

    2024

     

     

    2023

     

    REVENUES

     

    $

    257,008

     

     

    $

    163,755

     

     

    $

    641,705

     

     

    $

    408,779

     

    Cost of revenues

     

     

    212,681

     

     

     

    144,520

     

     

     

    548,329

     

     

     

    351,578

     

    GROSS PROFIT

     

     

    44,327

     

     

     

    19,235

     

     

     

    93,376

     

     

     

    57,201

     

    Selling, general and administrative expenses

     

     

    13,995

     

     

     

    11,375

     

     

     

    37,848

     

     

     

    32,467

     

    INCOME FROM OPERATIONS

     

     

    30,332

     

     

     

    7,860

     

     

     

    55,528

     

     

     

    24,734

     

    Other income, net

     

     

    6,646

     

     

     

    3,733

     

     

     

    17,044

     

     

     

    7,222

     

    INCOME BEFORE INCOME TAXES

     

     

    36,978

     

     

     

    11,593

     

     

     

    72,572

     

     

     

    31,956

     

    Income tax expense

     

     

    8,968

     

     

     

    6,129

     

     

     

    18,482

     

     

     

    11,616

     

    NET INCOME

     

     

    28,010

     

     

     

    5,464

     

     

     

    54,090

     

     

     

    20,340

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    OTHER COMPREHENSIVE INCOME, NET OF TAXES

     

     

     

     

     

     

     

     

     

     

     

     

    Foreign currency translation adjustments

     

     

    (957

    )

     

     

    (882

    )

     

     

    (1,933

    )

     

     

    (627

    )

    Net unrealized losses on available-for-sale securities

     

     

    (659

    )

     

     

    (427

    )

     

     

    (169

    )

     

     

    (1,147

    )

    COMPREHENSIVE INCOME

     

    $

    26,394

     

     

    $

    4,155

     

     

    $

    51,988

     

     

    $

    18,566

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    NET INCOME PER SHARE

     

     

     

     

     

     

     

     

     

     

     

     

    Basic

     

    $

    2.07

     

     

    $

    0.41

     

     

    $

    4.04

     

     

    $

    1.52

     

    Diluted

     

    $

    2.00

     

     

    $

    0.40

     

     

    $

    3.91

     

     

    $

    1.50

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    WEIGHTED AVERAGE SHARES OUTSTANDING

     

     

     

     

     

     

     

     

     

     

     

     

    Basic

     

     

    13,530

     

     

     

    13,328

     

     

     

    13,398

     

     

     

    13,381

     

    Diluted

     

     

    14,034

     

     

     

    13,559

     

     

     

    13,830

     

     

     

    13,549

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    CASH DIVIDENDS PER SHARE

     

    $

    0.375

     

     

    $

    0.300

     

     

    $

    0.975

     

     

    $

    0.800

     

    ARGAN, INC. AND SUBSIDIARIES

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (Dollars in thousands, except per share data)

     

     

     

    October 31,

     

    January 31,

     

     

    2024

     

     

    2024

     

     

     

    (Unaudited)

     

     

     

    ASSETS

     

     

     

     

     

     

    CURRENT ASSETS

     

     

     

     

     

     

    Cash and cash equivalents

     

    $

    175,349

     

     

    $

    197,032

     

    Investments

     

     

    330,933

     

     

     

    215,373

     

    Accounts receivable, net

     

     

    131,660

     

     

     

    47,326

     

    Contract assets

     

     

    44,620

     

     

     

    48,189

     

    Other current assets

     

     

    34,579

     

     

     

    39,259

     

    TOTAL CURRENT ASSETS

     

     

    717,141

     

     

     

    547,179

     

    Property, plant and equipment, net

     

     

    14,147

     

     

     

    11,021

     

    Goodwill

     

     

    28,033

     

     

     

    28,033

     

    Intangible assets, net

     

     

    1,924

     

     

     

    2,217

     

    Deferred taxes, net

     

     

    1,254

     

     

     

    2,259

     

    Right-of-use and other assets

     

     

    6,365

     

     

     

    7,520

     

    TOTAL ASSETS

     

    $

    768,864

     

     

    $

    598,229

     

     

     

     

     

     

     

     

    LIABILITIES AND STOCKHOLDERS' EQUITY

     

     

     

     

     

     

    CURRENT LIABILITIES

     

     

     

     

     

     

    Accounts payable

     

    $

    87,085

     

     

    $

    39,485

     

    Accrued expenses

     

     

    78,393

     

     

     

    81,721

     

    Contract liabilities

     

     

    270,686

     

     

     

    181,054

     

    TOTAL CURRENT LIABILITIES

     

     

    436,164

     

     

     

    302,260

     

    Noncurrent liabilities

     

     

    3,996

     

     

     

    5,030

     

    TOTAL LIABILITIES

     

     

    440,160

     

     

     

    307,290

     

     

     

     

     

     

     

     

    STOCKHOLDERS' EQUITY

     

     

     

     

     

     

    Preferred stock, par value $0.10 per share – 500,000 shares authorized; no shares issued and outstanding

     

     

    —

     

     

     

    —

     

    Common stock, par value $0.15 per share – 30,000,000 shares authorized; 15,828,289 shares issued; 13,569,104 and 13,242,520 shares outstanding at October 31, 2024 and January 31, 2024, respectively

     

     

    2,374

     

     

     

    2,374

     

    Additional paid-in capital

     

     

    168,441

     

     

     

    164,183

     

    Retained earnings

     

     

    266,334

     

     

     

    225,507

     

    Treasury stock, at cost – 2,259,185 and 2,585,769 shares at October 31, 2024 and January 31, 2024, respectively

     

     

    (102,746

    )

     

     

    (97,528

    )

    Accumulated other comprehensive loss

     

     

    (5,699

    )

     

     

    (3,597

    )

    TOTAL STOCKHOLDERS' EQUITY

     

     

    328,704

     

     

     

    290,939

     

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

     

    $

    768,864

     

     

    $

    598,229

     

    ARGAN, INC. AND SUBSIDIARIES

    RECONCILIATION TO EBITDA

    (In thousands) (Unaudited)

     

     

     

    Three Months Ended

     

     

    October 31,

     

     

    2024

     

    2023

    Net income, as reported

     

    $

    28,010

     

    $

    5,464

    Income tax expense

     

     

    8,968

     

     

    6,129

    Depreciation

     

     

    433

     

     

    489

    Amortization of intangible assets

     

     

    98

     

     

    98

    EBITDA

     

    $

    37,509

     

    $

    12,180

     

     

     

     

     

     

     

     

     

    Nine Months Ended

     

     

    October 31,

     

     

    2024

     

    2023

    Net income, as reported

     

    $

    54,090

     

    $

    20,340

    Income tax expense

     

     

    18,482

     

     

    11,616

    Depreciation

     

     

    1,376

     

     

    1,524

    Amortization of intangible assets

     

     

    293

     

     

    294

    EBITDA

     

    $

    74,241

     

    $

    33,774

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241205082200/en/

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    $AGX
    Leadership Updates

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    • Argan, Inc. Announces Leadership Succession at The Roberts Company

      Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that Bobby Foister, Jr., Chief Executive Officer of The Roberts Company, Inc. ("TRC"), a wholly owned subsidiary of Argan, as part of a long term succession plan, resigned from his role effective April 30, 2025 to take a reduced supporting position at TRC. As planned, Sean Terrell, who has served as President of TRC since 2023, assumed the additional role of Chief Executive Officer. Mr. Foister will continue to serve as Chairman of TRC's Board and will assist with the leadership transition and work in various other capacities to ensure continued success and operational continuity. David Watson, President and Chief Executive

      5/7/25 4:05:00 PM ET
      $AGX
      Engineering & Construction
      Consumer Discretionary
    • Argan, Inc.'s Gemma Renewable Power Recognized With 2025 Nexus Award for Partner of the Year

      Vistra's signature award recognizes commitment to outstanding service, an inclusive supply chain, and resilient business practices Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that Gemma Renewable Power, the renewable team of Gemma Power Systems ("Gemma"), a wholly owned subsidiary of Argan, has been recognized as a supply chain leader through Vistra's annual Nexus Awards program. This award honors companies and individuals for their commitment to utilizing an inclusive supply chain and workforce while also engaging in resilient business practices when partnering with Vistra. Gemma Renewable Power was honored with the 2025 Nexus Award for Partner of the Year. This awa

      4/21/25 4:05:00 PM ET
      $AGX
      Engineering & Construction
      Consumer Discretionary
    • Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share

      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

      4/10/25 4:05:00 PM ET
      $AGX
      Engineering & Construction
      Consumer Discretionary
    • SEC Form 4 filed by Director Larroque Alexander Lisa

      4 - ARGAN INC (0000100591) (Issuer)

      5/8/25 10:44:34 AM ET
      $AGX
      Engineering & Construction
      Consumer Discretionary
    • SEC Form 3 filed by new insider Larroque Alexander Lisa

      3 - ARGAN INC (0000100591) (Issuer)

      5/8/25 10:40:38 AM ET
      $AGX
      Engineering & Construction
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    • Chief Financial Officer Baugher Joshua Scott converted options into 860 shares, increasing direct ownership by 229% to 1,235 units (SEC Form 4)

      4 - ARGAN INC (0000100591) (Issuer)

      5/6/25 5:16:27 PM ET
      $AGX
      Engineering & Construction
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    • Argan, Inc. Announces Leadership Succession at The Roberts Company

      Argan, Inc. (NYSE:AGX) ("Argan" or the "Company") today announces that Bobby Foister, Jr., Chief Executive Officer of The Roberts Company, Inc. ("TRC"), a wholly owned subsidiary of Argan, as part of a long term succession plan, resigned from his role effective April 30, 2025 to take a reduced supporting position at TRC. As planned, Sean Terrell, who has served as President of TRC since 2023, assumed the additional role of Chief Executive Officer. Mr. Foister will continue to serve as Chairman of TRC's Board and will assist with the leadership transition and work in various other capacities to ensure continued success and operational continuity. David Watson, President and Chief Executive

      5/7/25 4:05:00 PM ET
      $AGX
      Engineering & Construction
      Consumer Discretionary
    • Argan, Inc. Appoints Lisa Larroque Alexander to Board of Directors

      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

      4/9/25 4:05:00 PM ET
      $AGX
      $SRE
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      Natural Gas Distribution
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    • Argan, Inc. Appoints Brian Orlandi as CEO of SMC Infrastructure Solutions

      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

      2/20/25 4:05:00 PM ET
      $AGX
      Engineering & Construction
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    $AGX
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    • Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share

      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

      4/10/25 4:05:00 PM ET
      $AGX
      Engineering & Construction
      Consumer Discretionary
    • Argan, Inc. Reports Fourth Quarter and Fiscal Year 2025 Results

      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   $

      3/27/25 4:05:00 PM ET
      $AGX
      Engineering & Construction
      Consumer Discretionary
    • Argan, Inc. to Announce Fourth Quarter and Fiscal Year-End 2025 Results and Host Conference Call on Thursday, March 27, 2025

      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

      3/13/25 8:30:00 AM ET
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      Engineering & Construction
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    $AGX
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    • SEC Form SC 13G filed by Argan Inc.

      SC 13G - ARGAN INC (0000100591) (Subject)

      11/8/24 10:46:38 AM ET
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      Engineering & Construction
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Argan Inc.

      SC 13G/A - ARGAN INC (0000100591) (Subject)

      11/6/24 10:05:43 AM ET
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    • Amendment: SEC Form SC 13G/A filed by Argan Inc.

      SC 13G/A - ARGAN INC (0000100591) (Subject)

      10/31/24 11:54:58 AM ET
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