AGX Stock Recent News

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.

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. (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 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.

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. (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.