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.

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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 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.

Argan Is A Deep Value Stock With Positive Long-Term Potential

Argan operates through their subsidiaries in the engineering and construction space which is rapidly growing, especially in the renewable energy segment. They are returning a tremendous amount of capital through their share repurchase program and dividends that will bolster shareholder value.

Argan: A High Quality Pick For 2023

ROCKVILLE, Md.--( BUSINESS WIRE )--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 $100 million to $125 million and declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable January 31, 2023 to stockholders of record at the close of business on January 20, 2023.

Argan, Inc. Increases Share Repurchase Program to $125 Million, Declares Regularly Quarterly Cash Dividend of $0.25 Per Common Share

ROCKVILLE, Md.--( BUSINESS WIRE )--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its third quarter ended October 31, 2022. For additional information, please read the Company's Quarterly Report on Form 10-Q, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Quarterly Report can be retrieved from the SEC's website at www.sec.gov or from the Company's website at www.arganinc.com .

Argan, Inc. Reports Third Quarter Results

Argan, Inc.'s Gemma Power Systems Receives Full Notice to Proceed for a 950-MW Power Project in Ohio

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its second quarter ended July 31, 2022. The Company also announces that its Board of Directors approved an increase to the Company's existing share repurchase program from $75 million to $100 million and declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable October 31, 2022 to stockholders of record at the close of business on O

Argan, Inc. Reports Second Quarter Results

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces today that Rainer H. Bosselmann, Founder, Chairman and Chief Executive Officer retired effective August 16, 2022. The Board of Directors of Argan (the “Board”) has appointed David H. Watson to succeed Mr. Bosselmann as President and Chief Executive Officer (“CEO”) and Mr. Watson will also join the Board. “On behalf of the Board, the management team, and Argan's employees, we want to thank Rainer for hi

Argan, Inc. Announces Founder, Chairman and CEO Retirement and Succession

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 29, 2022 to stockholders of record at the close of business on July 21, 2022. About Argan, Inc. Argan's primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan's service offerings focus on the engin

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

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its first quarter ended April 30, 2022. For additional information, please read the Company's Quarterly Report on Form 10-Q, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Quarterly Report can be retrieved from the SEC's website at www.sec.gov or from the Company's website at www.arganinc.com. Summary Information (do

Argan, Inc. Reports First Quarter Results

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces that its wholly owned subsidiary, Atlantic Projects Company (“APC”), has entered into engineering and construction services contracts with the Electricity Supply Board (“ESB”) to construct three 65 MW aero-derivative gas turbine flexible generation power plants in and around Dublin, Ireland. Two of the power plants, Poolbeg and Ringsend FlexGen Power Plants, will be located on the Poolbeg Peninsula, an

Argan, Inc.'s Wholly Owned Subsidiary Atlantic Projects Company Enters into Engineering and Construction Contracts for 195 MW Power Projects in Ireland.

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its fiscal year and fourth quarter ended January 31, 2022. For additional information, please read the Company's Annual Report on Form 10-K, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report can be retrieved from the SEC's website at www.sec.gov or from the Company's website at www.arganinc.com. Summary In

Argan, Inc. Reports Year-End and Fourth Quarter Results and Announces Increase to Share Repurchase Program

Argan Looks Appealing At This Price

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its Board of Directors approved an increase in the Company's existing share repurchase program, from $25 million to $50 million, to acquire shares of the Company's Common Stock. The Company has repurchased shares at a cost of approximately $18 million under the authorization to-date. “Delivering value to our customers and stockholders is our top priority. We are committed to a disciplined ca

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