Argan

Argan, Inc. operates as a holding company, which engages in the provision of consulting, engineering, procurement, construction, commissioning, operations, and maintenance services to the power generation and renewable energy. It operates through the following business segments: Power Services, Telecom Services, Industrial Services, and Others. The company was founded in May 1961 and is headquartered in Rockville, MD.

Earnings data Q4 2020

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AGX reports fiscal 2023 revenue decline but strengthens financial position

AGX reported a decrease in revenues for fiscal 2023 but highlighted a strong financial position and increased share repurchase program. The backlog of projects reflects a stronger profile with mostly longer-term fully committed projects, presenting potential opportunities for sustained revenue generation. However, challenges include revenue decline and uncertainties related to project pipeline, labor availability, and specific project risks.

AGX reports 20% revenue growth and strong balance sheet in Q2 2023

AGX's Q2 2023 earnings call showcased impressive revenue growth, a strong balance sheet, and a robust project backlog. While the company's performance is strong, diversifying revenue streams beyond the Power Industry Services segment presents an opportunity for future growth.

AGX (AGX) reports 39% revenue growth and strong backlog

AGX (AGX) delivered impressive revenue growth, strong financial results, and a clear focus on shareholder value. The company's proactive approach to challenges and emphasis on long-term strategy bode well for future opportunities.

Argan reports solid earnings, eyes growth in clean energy sector

Argan, Inc. delivered strong financial results for Q4 2023 and fiscal year 2023, with a focus on shareholder value and growth in energy transition. Despite revenue declines in Q4, the company's robust balance sheet and increased share repurchase program demonstrate financial stability. Challenges include addressing operational factors impacting project execution and revenue recognition.

Argan (AGX) reports revenue growth but faces margin challenges

Argan's Q1 2024 performance saw revenue growth but lower margins and net income compared to the previous year.
The company's strengths lie in its position in the power industry and a robust project backlog.
Challenges include lower gross margins and a decline in net income, while opportunities exist in federal legislation and major projects.
Overall, Argan remains well-positioned for growth despite facing margin and income challenges in Q1 2024.

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Argan, Inc. is a construction company, which engages in the operations of its wholly owned subsidiaries. It operates through the following business segments: Power Industry Services, Telecommunications Infrastructure Services, and Industrial Fabrication and Field Services. The Power Industry Services segment includes engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market. The Telecommunications Infrastructure Services segment offers project management, construction, installation, and maintenance services. The Industrial Fabrication and Field Services segment provides primarily on-site services that support new plant construction and additions, maintenance turnarounds, shutdowns, and emergency mobilizations for industrial plants. It also operates through the United States, Republic of Ireland, United Kingdom, and Other geographical segments. The company was founded by Rainer H. Bosselmann in May 1961 and is headquartered in Rockville, MD.

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its fourth quarter and fiscal year ended January 31, 2024. The Company will host an investor conference call today, April 11, 2024, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data)                   January 31,     For the Quarter Ended:   2024   2023   Change Revenues   $ 164,554     $ 118,778     $ 45,776   Gross profit     23,633.

Argan, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results

Argan operates as an EPC in the power generation sector, specializing in the design, construction, and commissioning of power facilities. AGX stock has low beta and low correlation to the market, making it less cyclical and potentially outperforming in the future. The future looks bright for Argan due to the forecasted growth in the utilities sector and the shift towards renewables in the power generation mix.

Argan: Quality Business, Uncorrelated Returns, And Belongs In An All-Weather Portfolio

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced that the Company will release its fourth quarter and fiscal year-end 2024 financial results after the market closes on Thursday, April 11, 2024. Management will host a webcast with an accompanying slide presentation and conference call on Thursday, April 11, 2024, at 5:00 p.m. ET to discuss financial results for the fourth quarter and year ended January 31, 2024. Participants can access the live.

Argan, Inc. to Announce Fourth Quarter and Fiscal Year-End 2024 Results and Host Conference Call on Thursday, April 11, 2024

Argan, Inc. is a construction firm that offers power generation, industrial, and telecommunications infrastructure services. The company has shown strong dividend growth, raising it by 20% in September, supported by strong earnings. Argan has a strong balance sheet with no debt and engages in share buybacks, indicating good capital allocation.

Argan: 4 Reasons Why This Stock Is A Buy For Long-Term Dividend Investors

After a decade of underperformance, I think Argan's stock could be at an inflection point as it is set to benefit from a favorable supply/demand environment and better capital allocation. High margin growth is especially lucrative for Argan as it would lead to significant cash generation given its lack of capex and inventory requirements. I see a path for the stock to hit $78 per share. This includes the sum of the company's operations at about $48/share along with $29/share of cash.

Argan: Favorable Supply/Demand Environment And Improved Capital Allocation

Argan's subsidiary APC faced challenges in the construction of the Kilroot project, resulting in a significant hit on gross margins. Argan reported mixed Q3'24 operating results with declining margins but exceptional top-line revenue generation. Despite short-term headwinds, Argan is well-positioned for the future of energy transmission and has a strong backlog supporting the low-carbon economy.

Argan Faces Headwinds In 2024 But Will Likely Prosper In The Long Run

Argan, Inc. (NYSE:AGX ) Q4 2024 Earnings Conference Call December 6, 2023 5:00 PM ET Company Participants Jennifer Belodeau - IMS Investor Relations David Watson - President and Chief Executive Officer Hank Deily - Chief Financial Officer Conference Call Participants Rob Brown - Lake Street Capital Chris Moore - CGS Securities Operator Good evening, ladies and gentlemen, and welcome to the Argan, Inc. Earnings Release Conference Call for the Third Quarter of Fiscal 2024, which ended October 31, 2023. This call is being recorded.

Argan, Inc. (AGX) Q3 2024 Earnings Call Transcript

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its third quarter of fiscal year 2024, ended October 31, 2023. The Company will host an investor conference call today, December 6, 2023, at 5 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data)                           October 31,         For the Quarter Ended:   2023   2022   Change   Revenues   $ 163,755   $ 117,875   $ 45,880   Gross profi.

Argan, Inc. Reports Third Quarter Fiscal 2024 Results

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced that the Company will release its third quarter fiscal year 2024 financial results after the market closes on Wednesday, December 6, 2023. Management will host a webcast with an accompanying slide presentation and conference call on Wednesday, December 6, 2023, at 5:00pm ET to discuss financial results for the third quarter ended October 31, 2023. Participants can access the live webcast by visit.

Argan, Inc. to Announce Third Quarter Fiscal Year 2024 Results and Host Conference Call on Wednesday, December 6, 2023

Argan's revenues grow by close to 20% in the second quarter. Gross margin tops 16% which was a sizable improvement over Q1. Income statement trends look encouraging with shareholders continuing to be rewarded through sustained buybacks and an increasing dividend.

Argan: Encouraging Near-Term Trends Point To Further Share Price Gains

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces today that its Board of Directors increased the Company's quarterly cash dividend by 20% from $0.25 to $0.30 per common share. The dividend will be payable on October 31, 2023 to stockholders of record at the close of business on October 23, 2023. “Our construction expertise and project capabilities make our business well positioned in the growing opportunities of our end markets,” commented David Wats.

Argan, Inc. Increases Quarterly Dividend by 20% to $0.30 Per Common Share

Argan, Inc. (NYSE:AGX ) Q2 2024 Earnings Conference Call September 1, 2023 5:00 PM ET Company Participants John Nesbett - IMS Investor Relations David Watson - Chief Executive Officer Hank Deily - Chief Financial Officer Conference Call Participants Rob Brown - Lake Street Markets Chris Moore - CJS Securities Operator Good evening, ladies and gentlemen, and welcome to the Argan, Inc. [Technical Difficulty] Conference Call for the Second Quarter of Fiscal 2024, which ended July 31, 2023. This call is being recorded.

Argan, Inc. (AGX) Q2 2024 Earnings Call Transcript

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its second quarter of fiscal year 2024, ended July 31, 2023. The Company will host an investor conference call today, September 6, 2023, at 5 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data)   July 31,     For the Quarter Ended:   2023       2022     Change Revenues $ 141,349   $ 118,110   $ 23,239   Gross profit   23,742     24,387     (645.

Argan, Inc. Reports Second Quarter Fiscal 2024 Results

Argan, an energy infrastructure company, has been upgraded from a 'hold' to a soft 'buy' due to its strong balance sheet and long-term outlook for energy needs. This is in spite of volatile results, including weakening sales last year. Shares of Argan are attractively priced compared to similar firms, and the company's significant cash balance makes it an appealing investment.

Argan Stock: Recalibrating Expectations

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced that the Company will release its second quarter fiscal year 2024 financial results after the market closes on Wednesday, September 6, 2023. Management will host a webcast with an accompanying slide presentation and conference call on Wednesday, September 6, 2023, at 5:00pm ET to discuss financial results for the second quarter ended July 31, 2023. Participants can access the live webcast by visi.

Argan, Inc. to Announce Second Quarter Fiscal Year 2024 Results and Host Conference Call on Wednesday, September 6, 2023

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces today that its subsidiary, Atlantic Projects Company (“APC”), received full notice to proceed on an engineering, procurement and construction (“EPC”) services contract with GE Vernova for the Shannonbridge Power Project (the “Shannonbridge Project”) in County Offaly, Ireland. The Shannonbridge Project, an initiative of EirGrid and the Electricity Supply Board of Ireland (ESB), aims to enhance the regio.

Argan, Inc.'s Atlantic Projects Company Receives Full Notice to Proceed for a 264-MW Power Project in Ireland

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable July 31, 2023 to stockholders of record at the close of business on July 21, 2023. About Argan, Inc. Argan's primary business is providing a full range of construction and related services to the power industry, including the renewable energy sector. Argan's service off.

Argan, Inc. Declares Regular Quarterly Cash Dividend of $0.25 Per Common Share

Argan, Inc. (NYSE:AGX ) Q1 2024 Earnings Conference Call June 8, 2023 5:00 PM ET Company Participants John Nesbitt - IMS, Investor Relations David Watson - President and Chief Executive Officer Richard Deily - Senior Vice President, Chief Financial Officer, Treasurer & Corporate Secretary Conference Call Participants Rob Brown - Lake Street Capital Markets Chris Moore - CJS Securities Operator Good evening, ladies and gentlemen, and welcome to the Argan Inc. Conference Call for First Quarter Fiscal 2024 Ended April 30, 2023. This call is being recorded.

Argan, Inc. (AGX) Q1 2024 Earnings Call Transcript

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its first quarter of fiscal year 2024, ended April 30, 2023. The Company will host an investor conference call today, June 8, 2023, at 5 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data)         April 30,              For the Quarter Ended:      2023      2022      Change     Revenues   $  103,675   $  100,277   $  3,398         Gross profit.

Argan, Inc. Reports First Quarter Fiscal 2024 Results

Argan is poised to experience significant benefits due to a robust demand arising from the shift towards zero carbon emissions. AGX's robust project backlog, which increased 15% Y/Y, is expected to contribute to increased revenue in the coming quarters. Argan is currently trading at a discount with a lower EV/EBITDA ratio than its historical average, making it an attractive investment opportunity.

Argan, Inc.: Good Growth At Attractive Valuations

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced that the Company will release its first quarter fiscal year 2024 financial results after the market closes on Thursday, June 8, 2023. Management will host a webcast with an accompanying slide presentation and conference call on Thursday, June 8, 2023, at 5:00pm ET to discuss financial results for the first quarter ended April 30, 2023. Participants can access the live webcast by visiting this lin.

Argan, Inc. to Announce First Quarter Fiscal Year 2024 Results and Host Conference Call on Thursday, June 8, 2023

Argan, Inc. (NYSE:AGX ) Q4 2023 Earnings Conference Call April 12, 2023 5:00 PM ET Company Participants John Nesbitt - IMS, Investor Relations David Watson - Chief Executive Officer Conference Call Participants Chris Moore - CJS Securities Rob Brown - Lake Street Capital Markets Operator Good evening, ladies and gentlemen, and welcome to the Argan, Inc. Conference Call for the Fourth Quarter and the Fiscal Year Ended January 31, 2023. This call is being recorded.

Argan, Inc. (AGX) Q4 2023 Earnings Call Transcript

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its fourth quarter and fiscal year ended January 31, 2023. The Company will host an investor conference call today, April 12, 2023, at 5 p.m. ET.

Argan, Inc. Reports Fourth Quarter and Fiscal 2023 Year-End Results

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced that the Company will release its fourth quarter and fiscal year-end 2023 financial results after the market closes on Wednesday, April 12, 2023. Management will host a webcast with an accompanying slide presentation and conference call on Wednesday, April 12, 2023, at 5:00pm ET to discuss financial results for the fourth quarter and fiscal year-end 2023.

Argan, Inc. to Announce Fourth Quarter and Fiscal Year-End 2023 Results and Host Conference Call on Wednesday, April 12, 2023

Argan, Inc. is trading at a deep discount compared to its peers. The recently passed IRA will open the door for EPC projects across the Midwest and East Coast.

News for Argan Stock (AGX)