Welcome to our dedicated page for Argan news (Ticker: AGX), a resource for investors and traders seeking the latest updates and insights on Argan stock.
Argan, Inc. (NYSE: AGX) is a construction-focused company whose primary business is providing a full range of construction and related services to the power industry. Its news flow centers on engineering, procurement and construction (EPC) contracts for natural gas-fired power plants and renewable energy facilities, as well as financial results, project milestones and capital allocation decisions.
Through subsidiaries such as Gemma Power Systems and Atlantic Projects Company, Argan regularly announces new EPC awards, full notices to proceed on large power projects and updates on major facilities in the United States, Ireland and the United Kingdom. Recent press releases have highlighted combined-cycle natural gas projects in Texas, an LNG-related project in Louisiana, and the Platin Power Station contract in Ireland, along with commentary on project execution and backlog.
Investors following AGX news can also track quarterly earnings releases, which include updates on consolidated revenues, gross profit, net income, EBITDA and project backlog, as well as management’s discussion of demand for the company’s capabilities. In addition, Argan issues announcements about regular quarterly cash dividends, dividend increases and related Form 8-K filings.
This news page aggregates Argan, Inc.’s earnings reports, dividend declarations, project contract announcements and other company communications in one place, helping readers review how new EPC awards, construction progress and capital allocation choices are reflected in the company’s public disclosures over time.
Argan, Inc. (NYSE: AGX) announced a quarterly cash dividend of $0.25 per share on April 8, 2022. The payment date is set for April 29, 2022, with stockholders of record as of April 21, 2022. Argan operates within the power industry, specializing in engineering, procurement, and construction services for both natural gas and renewable energy sectors through its subsidiaries, including Gemma Power Systems and Atlantic Projects Company.
Argan, Inc. (NYSE: AGX) has increased its share repurchase program from $25 million to $50 million. Approximately $18 million of shares have already been repurchased. CEO Rainer Bosselmann emphasized the company's commitment to a disciplined capital allocation strategy, blending shareholder returns with business investment. Over the last two years, Argan has disbursed around $63 million in dividends. The share buyback program is authorized until January 2024, aiming to leverage strong free cash flow.
The Board of Directors of Argan, Inc. (NYSE: AGX) has declared a quarterly cash dividend of $0.25 per share, payable on January 31, 2022. Shareholders of record as of January 21, 2022 will receive this dividend. Argan specializes in providing a comprehensive range of services to the power industry, focusing on engineering, construction, and maintenance of natural gas and renewable energy facilities.
Argan, Inc. (NYSE: AGX) reported its financial results for the third quarter ending October 31, 2021. The Company generated $124.5 million in revenues, a 2.3% decline from the prior year. Gross profit rose to $26.1 million, with an improved gross margin of 21.0%. Net income increased to $12.4 million, or $0.78 per diluted share, marking a 30.9% year-over-year growth. Net liquidity stood at $301 million, with no debt. Argan highlighted successful contract awards, including solar and natural gas projects, despite challenges from supply chain issues.
Argan, Inc. (NYSE: AGX) has appointed Charles Collins as the new CEO of Gemma Power Systems, following his successful tenure as Co-President. With 21 years at GPS and leadership during challenging times, Collins aims to enhance the company's focus on engineering, procurement, and construction services within the power sector, particularly in renewable energy. His promotion is supported by the Board, emphasizing confidence in his leadership and vision for GPS's future. Colin Trebilcock remains President, maintaining operational continuity.
Argan, Inc. (NYSE: AGX) announced a contract with EPUKI to construct a 2 x 330 MW natural gas-fired power plant in Carrickfergus, Belfast, Northern Ireland. The contract was awarded to its subsidiary, Atlantic Projects Company (APC), marking APC’s largest project under Argan’s ownership. Siemens Energy will supply the gas turbines, and project completion is expected in late 2023. This development signifies a notable addition to Argan's project backlog, reinforcing its position in the power industry.
The Board of Directors of Argan, Inc. (NYSE: AGX) declared a quarterly cash dividend of $0.25 per share. This dividend is payable on October 29, 2021 to stockholders of record as of October 21, 2021. Argan specializes in providing services to the power industry, including engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities.
Argan, Inc. (NYSE: AGX) reported strong financial results for Q2 2021, with revenues surging 52% year-over-year to $133 million. Gross profit increased to $27.7 million, resulting in a gross margin of 20.8%. Net income attributable to stockholders rose significantly to $12.9 million, or $0.81 per diluted share, compared to $5.6 million, or $0.36 per share in Q2 2020. The company’s projects, including the Guernsey Power Station and a major solar plant in Pennsylvania, drive growth. Cash reserves reached $491 million, with no debt, and RUPO stands at approximately $0.5 billion.
Argan, Inc. (NYSE: AGX) declared a quarterly cash dividend of $0.25 per share, to be paid on July 30, 2021, to shareholders on record as of July 22, 2021.
Argan primarily serves the power industry, including renewable energy, through engineering, procurement, and construction of natural gas and renewable energy facilities. Its operations are supported by Gemma Power Systems, Atlantic Projects Company, The Roberts Company, and SMC Infrastructure Solutions.
Argan reported strong financial results for Q1 fiscal 2022, with revenues of $126.3 million, a 110.1% increase year-over-year from $60.1 million. Gross profit reached $23.7 million, up from $4.0 million, resulting in a gross margin of 18.8%. The company achieved net income of $10.8 million or $0.67 per diluted share, compared to a net loss of $0.8 million last year. Cash and equivalents totaled $467 million, and net liquidity stood at $276 million. Argan's contracts include a new 100 MW solar facility in Pennsylvania, expanding its project backlog significantly.