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ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its first quarter of fiscal year 2025 ended April 30, 2024. The Company will host an investor conference call today, June 6, 2024, at 5:00 p.m. ET. Consolidated Financial Highlights ($s in thousands, except per share data) April 30, For the Quarter Ended: 2024 2023 Change Revenues $ 157,682 $ 103,675 $ 54,007 Gross profit 17,944 14,224 3,720 G.
ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced that the Company will release its first quarter fiscal 2025 financial results after the market closes on Thursday, June 6, 2024. Management will host a webcast with an accompanying slide presentation and conference call on Thursday, June 6, 2024 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.
Generally, the idea of selling securities rankles the public's nerve, yet trimming overbought stocks is just as important a discipline as knowing what to buy. It might be even more important than the latter concept.
Argan earned $2.39 per share in its fiscal 2024, a bit better than fiscal 2023 and ahead of investor expectations. Analysts expect Argan to grow earnings much faster in fiscal 2025 -- which is this year.
Argan, Inc. (NYSE:AGX ) Q4 2024 Earnings Conference Call April 11, 2024 5:00 PM ET Company Participants Jennifer Belodeau - IMS Investor Relations David Watson - President & Chief Executive Officer Hank Deily - Senior Vice President, Chief Financial Officer, Treasurer & Corporate Secretary Conference Call Participants Rob Brown - Lake Street Capital Chris Moore - CJS Securities Operator Good evening, ladies and gentlemen, and welcome to the Argan, Inc. Earnings Release Conference Call for the Fiscal Fourth Quarter and Year Ended January 31, 2024. This call is being recorded.
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.
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.
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'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'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.