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Argan, Inc. reports developments tied to construction and related services for the power industry. The company focuses on engineering, procurement and construction services for natural gas-fired power plants and renewable energy facilities through Gemma Power Systems and Atlantic Projects Company, with additional industrial construction, fabrication, plant services and teledata infrastructure operations through The Roberts Company and SMC Infrastructure Solutions.
Recurring news includes quarterly and annual financial results, project awards and notices to proceed, consolidated project backlog updates, dividend declarations, share repurchase actions and demand commentary for power infrastructure construction.
Argan (AGX)/b) declared a 40% increase in its quarterly cash dividend, raising it from $0.50 to $0.70 per common share. The dividend is payable on October 30, 2026, to shareholders of record as of October 22, 2026.The new rate equates to an annual dividend of $2.80 per share and marks Argan’s fourth consecutive annual dividend increase. The company’s CEO said the higher payout reflects confidence in converting strong power-generation demand into profitable, well-executed projects.
Argan (AGX) reported record second quarter fiscal 2027 results for the period ended July 31, 2026, with strong growth in revenue, earnings and cash.
Quarterly revenue rose 61.5% year over year to $384.0 million, driven by all segments, while gross margin improved to 19.3%. Net income increased to $53.3 million, or $3.76 diluted EPS, versus $35.3 million, or $2.50 per diluted share, a year earlier. Adjusted EBITDA grew to $70.0 million, an 18.2% margin, compared with $38.5 million and a 16.2% margin in the prior-year quarter.
For the first six months, revenue reached $674.9 million and net income $99.4 million. Cash, cash equivalents and investments increased to $1.03 billion with no debt, and net liquidity was $440.4 million. Project backlog stood at approximately $2.5 billion, down from $2.9 billion at January 31, 2026. The quarterly cash dividend was raised to $0.50 per share from $0.375.
Argan (NYSE: AGX) will release its second quarter fiscal 2027 financial results after market close on Wednesday, September 2, 2026. Management will host a webcast with slide presentation and conference call the same day at 5:00 p.m. ET, with telephone and webcast replays available.
Argan (NYSE: AGX) announced that its wholly owned subsidiary, Southern Maryland Cable (SMC), completed the acquisition of ValCor Communications, a Connecticut-based teledata services provider to information, communication and data networks across New England. The deal closed on July 31, 2026 for initial consideration of approximately $8.3 million, funded with cash and Argan common stock.
Founded in 1997, ValCor serves defense, aerospace, technology and other sectors, including Fortune 500 technology companies, through long-standing client relationships. According to Argan, these entrenched relationships and ValCor’s specialized workforce broaden SMC’s Teledata footprint, providing an immediate New England anchor and access to defense, aerospace, healthcare, banking, higher education and technology customers.
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Argan (NYSE:AGX) reported record Q1 FY2027 revenue of $291.0 million, up 50.2% year over year, with gross margin improving to 21.0%.
Net income was $46.1 million or $3.24 per diluted share, adjusted EBITDA reached $56.4 million, cash and investments were $973.6 million, and backlog was about $2.8 billion.
Argan (NYSE:AGX) plans to release its first quarter fiscal 2027 financial results after market close on Thursday, June 4, 2026. Management will host a webcast with slides and a conference call the same day at 5:00 p.m. ET.
Replay access is available by phone until June 18, 2026, and via webcast until June 4, 2027.
Argan (NYSE: AGX) increased its share repurchase authorization from $150 million to $200 million and extended the program through January 31, 2030. The Board also declared a regular quarterly cash dividend of $0.50 per common share, payable April 30, 2026 to holders of record April 22, 2026.
The company cited strong cash generation, a robust balance sheet and continued demand for its power infrastructure services as rationale for the actions and signaled focus on revenue growth and profitability into fiscal 2027 and beyond.
Argan (NYSE: AGX) reported record fourth quarter and fiscal 2026 results. Fiscal 2026 revenue was $944.6M (up 8.1% YoY) and net income was $137.8M (diluted EPS $9.74). Quarter revenue was $262.1M with net income $49.2M.
Cash, cash equivalents and investments totaled $895.0M, backlog rose to $2.9B, and the company had no debt. A conference call and webcast are scheduled March 26, 2026 at 5:00 p.m. ET.
Argan (NYSE: AGX) will release fourth quarter and fiscal year‑end 2026 results after market close on Thursday, March 26, 2026. Management will host a webcast with slides and a conference call the same day at 5:00 p.m. ET.
Dial‑in and replay details, including access codes and replay windows through April 9, 2026 (teleconference) and March 26, 2027 (webcast), are provided for investors and analysts.