ARGAN INC (AGX) SEC Filings

ARGAN INC (AGX) announced that its Board of Directors declared a 40% increase in the quarterly cash dividend, raising it from $0.50 to $0.70 per common share. The dividend will be payable on October 30, 2026 to stockholders of record at the close of business on October 22, 2026.

The company noted that the new dividend rate of $0.70 per quarter, or $2.80 annually, represents its fourth consecutive annual increase and stated that this reflects confidence in converting strong industry demand for new power generation into profitable, well-executed projects.

Argan, Inc. (AGX) reported sharply stronger results for the quarter and six months ended July 31, 2026, driven mainly by large gas-fired power projects in its Power segment. Quarterly revenues rose to $384.0 million and net income to $53.3 million, with diluted EPS of $3.76. Six‑month revenues reached $674.9 million and net income $99.4 million, reflecting higher construction activity on several large U.S. and Irish power plants and strong Industrial segment growth.

Gross margin improved as revenue mix shifted toward higher‑margin projects, while selling, general and administrative expenses grew more slowly than sales, reducing their share of revenue. Argan ended the quarter with $364.5 million of cash and cash equivalents, $664.0 million of investments, no borrowings under its $35.0 million revolving credit facility, and stockholders’ equity of $506.8 million, providing substantial liquidity for bonding and project guarantees. Consolidated project backlog was $2.5 billion, primarily in the Power segment, and the company expects to recognize about 48% of remaining performance obligations as revenue over the next 12 months. During the period Argan paid $0.50 per share in quarterly dividends, repurchased common stock, and completed the $9.4 million acquisition of ValCor to expand its Teledata segment in New England.

Argan, Inc. (AGX) reported record results for the quarter ended July 31, 2026, with revenue of $384.0 million, up 61.5% from $237.7 million, and net income of $53.3 million versus $35.3 million. Diluted EPS rose to $3.76 from $2.50 and gross margin improved to 19.3% from 18.6%.

Adjusted EBITDA for the quarter increased to $70.0 million with an 18.2% margin, while six‑month revenue reached $674.9 million, up 56.5%, and net income reached $99.4 million. The Power segment drove growth with 53% higher revenue year over year. Cash, cash equivalents and investments totaled $1.03 billion with net liquidity of $440.4 million and no debt.

Project backlog was approximately $2.5 billion as of July 31, 2026, down from $2.9 billion at January 31, 2026. The company raised cash dividends to $0.50 per share for the quarter and $1.00 per share for the first six months, and completed the acquisition of ValCor Communications in the Teledata segment.

Argan Inc. director Jeffrey John Ronald Jr. reported selling 5,716 shares of common stock on July 31, 2026 at an average price of $579.64 per share in open-market transactions. After this sale, he holds 2,533 shares directly and 8,000 shares indirectly through a John R. Jeffrey IRA.

Argan, Inc., through its wholly owned subsidiary Southern Maryland Cable Inc. (SMC), has completed the acquisition of ValCor Communications, LLC, a Connecticut-based provider of installation, maintenance and repair services for information, communication and data networks across New England. The transaction closed on July 31, 2026 with total initial consideration of approximately $8.3 million, paid in a combination of cash and Argan common stock.

ValCor, established in 1997, serves customers in the defense, aerospace and technology sectors and maintains long-standing relationships, including with Fortune 500 technology companies. Argan states that the deal is a bolt-on acquisition that expands SMC’s Teledata segment into New England and broadens access to defense, aerospace, healthcare, banking, higher education and technology clients.

Management from Argan, SMC and ValCor describe the combination as complementary, highlighting ValCor’s specialized workforce, regional presence and reputation, and indicating an intention to invest in the team to support current and future customer demand.

Vanguard Portfolio Management LLC reports beneficial ownership of Argan Inc common stock on a Schedule 13G. The filing states beneficial ownership of 792,842 shares, representing 5.65% of the class as of June 30, 2026. Vanguard has sole voting power over 14,800 shares and sole dispositive power over 792,842 shares, with no shared voting or dispositive power reported.

The position reflects securities beneficially owned or deemed to be beneficially owned by Vanguard Portfolio Management LLC and certain affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. Vanguard and related investment companies and managed accounts have the right to receive dividends and sale proceeds, and no other single person’s interest in these securities exceeds 5% of the class.

ARGAN INC director Jeffrey John Ronald Jr. reported exercising stock options to acquire a total of 6,000 shares of common stock on June 30, 2026. He exercised 5,000 options granted on December 16, 2022 at $35.72 per share and 1,000 options granted on December 14, 2023 at $43.70 per share, both using the net settle method.

Following these exercises, his direct ownership in ARGAN common stock increased to 8,249 shares. In addition, 8,000 shares are held indirectly through an account described as "John R. Jeffrey, IRA." The filing shows no open-market purchases or sales; all reported activity reflects option exercises.

ARGAN INC director William F. Griffin Jr. reported two open-market sales of the company’s common stock held indirectly through the “William F Griffin Jr GRAT II dtd Oct 6, 2025.” On June 18, 2026, the GRAT sold 30,000 shares at an average price of $725.85 per share. On June 22, 2026, it sold another 20,000 shares at an average price of $760.43 per share. After these transactions, the reported indirect holding stands at 40,976 common shares.