AGX Stock Recent News

Argan's topline grew over 50% in H1 FY25, driven by strong demand and construction activity, particularly in the Power Services segment. The company's backlog exceeded $1 billion, supporting continued revenue growth, with strategic projects and collaborations positioning it well for long-term growth. Despite trading at a slight premium, AGX's robust growth prospect makes it a solid long-term buy.

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Power plant builder Argan raised its quarterly dividend by 25% last night. The new dividend yield is 1.6%.

Argan has returned 77% since my first coverage 6 months ago propelled by strong earnings reports. AGX's earnings show that the company continues to execute well and has margins under control in an industry prone to cost overruns. In a world hungry for energy, Argan's business in the power generation market pits it well for a future with new energy requirements and also replacing carbon-intensive energy plants.

Argan's revenue jumped 61% in its last quarter. The company's backlog is rising, backed by demand for renewable energy.

ROCKVILLE, Md.--(BUSINESS WIRE)--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.

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that Chief Financial Officer, Richard H. Deily, 71, will retire effective September 15, 2024, after a distinguished 40-year career in senior financial management, which includes a 17-year tenure with the Company. Josh Baugher, who has served as Vice President and Corporate Controller for Argan since 2022, will succeed Mr. Deily as Chief Financial Officer. Mr. Deily joined Argan in October 2007 as.

ROCKVILLE, Md.--(BUSINESS WIRE)--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 primar.

Argan operates through a few subsidiaries and offers its services to the power generation, industrial, and telecommunications markets. Demand for electricity is increasing due to generative AI, driving up data center demand and power usage. Additionally, the increasing adoption of EVs will drive up power demand as well. In addition to increasing demand for electricity, AGX also reported strong project backlogs. These backlogs are expected to bolster its future revenue.

Argan, Inc. (NYSE:AGX ) Q1 2025 Earnings Conference Call June 6, 2024 5:00 PM ET Company Participants Jennifer Belodeau - IMS Investor Relations David Watson - President and Chief Executive Officer Hank Deily - Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary 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. Earnings Release Conference Call for the First Fiscal Quarter Ended April 30th, 2024. This call is being recorded.