Argan Inc Stock Price, News & Analysis

Argan (NYSE: AGX) has scheduled its first quarter fiscal 2026 financial results announcement for Wednesday, June 4, 2025, after market close. The company will host a webcast and conference call with management at 5:00 p.m. ET on the same day, featuring an accompanying slide presentation.

Participants can join via webcast or phone using the following dial-in numbers: Domestic (888-506-0062) and International (973-528-0011) with access code 698123. A replay will be available until June 18, 2025, via phone (877-481-4010 domestic, 919-882-2331 international) with replay code 52474, while the webcast replay will be accessible until June 4, 2026.

Argan (NYSE: AGX) announced a leadership transition at its wholly-owned subsidiary, The Roberts Company (TRC). Bobby Foister, Jr., TRC's CEO, stepped down effective April 30, 2025, transitioning to a reduced supporting role while maintaining his position as Chairman of TRC's Board. Sean Terrell, who has served as TRC's President since 2023, has assumed the additional role of CEO.

Terrell brings over 30 years of leadership experience, including senior positions at Overland Contracting Inc. (OCI) and previous experience with Argan's subsidiary Gemma Power Systems. His background includes managing major infrastructure projects, notably the Kusile Power Station project in South Africa. Terrell holds a BS in Construction Engineering from Iowa State University.

Argan Inc (NYSE: AGX) announced that its subsidiary Gemma Renewable Power has received Vistra's 2025 Nexus Award for Partner of the Year. The award recognizes Gemma's excellence in maintaining an inclusive supply chain and resilient business practices.

Gemma has been providing Engineering, Procurement, and Construction (EPC) services to Vistra for over three years, demonstrating significant expertise in large-scale power projects. The company has exceeded expectations in helping Vistra achieve its supply chain diversity goals while enhancing business value.

Argan (NYSE: AGX) has announced two significant shareholder-focused initiatives: an expansion of its share repurchase program from $125 million to $150 million, and a regular quarterly cash dividend of $0.375 per common share. The dividend will be payable on April 30, 2025, to stockholders of record as of April 22, 2025.

Additionally, the company's subsidiary Gemma Power Systems has received a notice to proceed on a previously announced contract with Sandow Lakes Energy Company for a 1.2 GW natural gas-fired power plant, expected to commence this summer. The company reports having a record backlog and sees strong pipeline opportunities, positioning itself to address growing demand for reliable 24/7 power infrastructure.

Argan (NYSE: AGX) announces that its subsidiary Gemma Power Systems has received a notice to proceed with an EPC (engineering, procurement and construction) contract for a major power project in Texas. The project involves building a 1.2 GW ultra-efficient natural gas-fired plant in Lee County for Sandow Lakes Energy Company (SLEC).

Construction is scheduled to begin in summer 2023, with project completion expected in 2028. The project has been added to Argan's project backlog. Gemma's CEO Charles E. Collins, IV expressed enthusiasm about the collaboration with SLEC, emphasizing the importance of expanding power infrastructure to meet rising energy demands.

Argan (NYSE: AGX) reported strong Q4 and fiscal year 2025 results, with Q4 revenue growing 41% to $232.5 million and net income reaching $31.4 million ($2.22 per diluted share). The company's power industry services segment showed exceptional performance with 65% revenue growth to $196.9 million and 21.3% gross margin.

Backlog increased to $1.4 billion, including new projects like a 700 MW combined-cycle natural gas project in the U.S. and a 300 MW biofuel power plant in Ireland. Post-quarter, Argan secured a contract for a 1.2 GW natural gas-fired power plant in Texas.

For fiscal year 2025, consolidated revenues increased 52.5% to $874.2 million, with net income of $85.5 million ($6.15 per diluted share). The company maintains strong liquidity with $525.1 million in cash and investments, and zero debt as of January 31, 2025.

Argan (NYSE: AGX) has scheduled the release of its fourth quarter and fiscal year-end 2025 financial results after market close on Thursday, March 27, 2025. The company will host a webcast and conference call with management at 5:00 p.m. ET on the same day.

Participants can join via webcast or dial in using the following numbers: Domestic (888-506-0062) or International (973-528-0011) with access code 966525. A replay will be available until April 10, 2025, via phone (877-481-4010 domestic; 919-882-2331 international) with replay code 52121. The webcast replay will be accessible until March 27, 2026.

Argan (NYSE: AGX) has announced the relocation of its corporate headquarters to Arlington, Virginia, specifically to Two Liberty Center at 4075 Wilson Boulevard, Suite 440. The new location, situated in the Ballston section of downtown Arlington, offers strategic advantages including proximity to the nation's capital and convenient access to major transportation hubs.

The headquarters is located two blocks from the Ballston Metro station and provides quick access to Ronald Reagan Washington National Airport (15 minutes), Washington Union Station (20 minutes), and Washington Dulles International Airport (25 minutes). According to CEO David Watson, the move from Rockville, Maryland, where the company operated for over 22 years, aims to accommodate company growth, enhance employee recruitment and retention, and foster improved collaboration.