Argan, Inc.
292.22-0.24 (-0.08%)
Oct 29, 4:00:02 PM EDT · NYSE · AGX · USD
Key Stats
Market Cap
4.04BP/E (TTM)
35.08Basic EPS (TTM)
8.33Dividend Yield
0.01%Recent Filings
8-K
Argan hikes dividend 33%
Argan, Inc. boosted its quarterly cash dividend by 33%, from $0.375 to $0.50 per common share, payable October 31, 2025, to shareholders of record on October 23. This marks the third consecutive annual increase, signaling confidence in strong growth and a robust pipeline amid surging energy infrastructure demand. Yet risks like project delays loom. Argan thrives on reliable power.
10-Q
Q2 FY2026 results
Argan's Q2 FY2026 revenues climbed 4.7% y/y to $237.7M, driven by Power Industry Services surging 13.3% to $196.9M on solar and combined-cycle projects, while Industrial Construction dipped 27.3% to $36.1M from lighter field work. Gross profit jumped 42.3% to $44.3M (18.6% margin, up from 13.7%), lifting operating income 60.9% to $30.1M; diluted EPS rose 90.8% to $2.50, reconciling to 14,131 diluted shares with no anti-dilution flagged. Cash from operations totaled $69.9M YTD, boosting cash to $177.9M with $394.3M in investments and no debt drawn on its $35M revolver (SOFR+1.85%, expires 2027); free cash flow not disclosed in the 10-Q. Backlog hit $2.0B, fueled by new EPC wins like a 170 MW Irish thermal plant. Yet overseas disputes, including a $9.7M disputed letter of credit draw, linger as a key risk.
8-K
Record backlog, strong Q2 earnings
Argan reported Q2 fiscal 2026 revenues of $237.7 million, up 4.7% from last year, with gross margins expanding to 18.6% on improved power services execution. Net income surged to $35.3 million, or $2.50 per diluted share, while backlog hit a record $2.0 billion, fueled by strong energy demand and a new 170 MW EPC contract in Ireland. Cash swelled to $572.2 million, debt-free. Execution drives growth.
8-K
Argan wins Platin EPC contract
Argan's subsidiary Atlantic Projects Company secured an engineering, procurement, and construction contract for the 170 MW Platin Power Station in Ireland with SSE Thermal, featuring three Siemens Energy SGT-800 turbines in open cycle mode to bolster grid reliability during renewable shortfalls. The project, set for 2028 completion, adds the full contract value to Argan's backlog ending July 31, 2025, marking the second SSE deal this year and deepening ties with a key energy player. This EPC win advances flexible power supporting Ireland's net zero goals. Yet risks like project execution could sway outcomes.
8-K
Argan elects board, hikes dividend
Argan's stockholders overwhelmingly elected nine directors at the June 17, 2025 annual meeting, including Lisa Alexander and David Watson, while approving executive pay, an officer liability amendment, and Grant Thornton's auditor role. The board then declared a $0.375 quarterly dividend, payable July 31 to July 23 record holders—up 50% in two years. This signals board continuity amid founder Rainer Bosselmann's retirement. Strong balance sheet drives capital returns.
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