Highest-materiality recent filing
Argan declares $0.50 quarterly dividend; all 9 board nominees elected
Board declared regular quarterly cash dividend of $0.50/share, payable July 31, 2026, to holders of record July 23, 2026.
Argan Q1 FY2027: Record revenue $291M, net income $46.1M, EPS $3.24, dividend raised to $0.50
Revenue of $290.95M, up 50% YoY from $193.66M; gross margin improved to 21.0% from 19.0%.
Argan increases share repurchase authorization to $200M and declares $0.50 quarterly dividend
Regular quarterly cash dividend of $0.50 per common share declared, payable April 30, 2026 to holders of record April 22, 2026.
Argan posts record Q4 and FY2026 results; EPS $3.47 (Q4), $9.74 (FY); backlog doubles to $2.9B
Q4 revenue $262.1M (+12.7% YoY); net income $49.2M ($3.47 diluted EPS vs $2.22).
Argan declares $0.50 quarterly dividend; CEO cites robust demand, project pipeline
Dividend of $0.50 per share payable Jan 30, 2026 to holders of record Jan 22, 2026.
Argan reports Q3 net income $30.7M ($2.17 EPS); backlog hits record $3.0B
Net income $30.7M ($2.17 diluted EPS) vs $28.0M ($2.00) YoY; revenues $251.2M (-2.3%).
Argan subsidiary Gemma Power Systems awarded EPC contract for 860 MW gas-fired plant in ERCOT
Gemma Power Systems (Argan subsidiary) received full notice to proceed for ~860 MW natural gas-fired power plant in ERCOT.
Argan subsidiary receives full NTP on $1.35B EPC contract for 1,350 MW Texas plant
Gemma Power Systems to build CPV Basin Ranch Energy Center, a 1,350 MW combined-cycle plant in Ward County, TX.
Argan increases quarterly dividend 33% to $0.50/share; third consecutive raise
Quarterly dividend raised 33% from $0.375 to $0.50 per common share.
Argan Q2 EPS $2.50 beats prior year $1.31; revenue up 4.7% to $237.7M; record backlog $2B
Q2 net income $35.3M, diluted EPS $2.50 (vs $1.31). Revenue $237.7M, up 4.7% YoY.
Argan's APC wins EPC contract for Platin Power Station in Ireland with SSE Thermal
Contract covers three Siemens Energy SGT-800 turbines in open cycle mode, 170 MW capacity.
Quarterly dividend of $0.375 per share declared, payable July 31, 2025 to holders of record July 23, 2025.
Argan Q1 FY2026 revenue up 23% to $193.7M, EPS $1.60, record backlog $1.9B
Revenue $193.7M (+23% YoY); net income $22.6M, diluted EPS $1.60 vs $0.58 prior year.
Argan increases buyback program to $150M, declares $0.375 quarterly dividend
Share repurchase authorization raised from $125M to $150M.
Argan appoints Lisa Larroque Alexander to Board of Directors
Appointed Lisa Larroque Alexander, SVP at Sempra (SRE), to Board effective April 9, 2025.
Argan subsidiary Gemma Power gets notice to proceed on 1.2 GW Texas gas plant
Gemma Power Systems received notice to proceed on EPC contract for a 1.2 GW natural gas-fired plant in Lee County, Texas.
Argan reports Q4 EPS $2.22, FY2025 revenue up 52.5%; backlog $1.4B, dividend raised
Q4 EPS $2.22 vs $0.89 prior year; net income $31.4M on revenue $232.5M (+41% YoY).
Argan moves corporate HQ from Rockville, MD to Arlington, VA
New headquarters at 4075 Wilson Blvd, Suite 440, Arlington, VA 22203.
Argan's Gemma Power Systems secures EPC contract for 1.2 GW Texas gas plant
Construction on the 1.2 GW Lee County plant begins summer 2025; completion targeted for 2028.
Argan subsidiary wins EPC contract for 300 MW biofuel plant in Ireland
Atlantic Projects Company signs EPC contract with SSE Thermal for Tarbert Next Generation Power Station in County Kerry, Ireland.
Argan declares $0.375 quarterly dividend; Gemma gets NTP for 700 MW gas plant
Regular quarterly cash dividend of $0.375 per common share declared, payable Jan 31, 2025 to holders of record Jan 23, 2025.
Argan subsidiary Gemma Power Systems lands EPC contract for 700 MW natural gas plant
Gemma Power Systems received full notice to proceed on EPC contract for ~700 MW combined-cycle gas plant.
Argan Q3 revenue up 57% to $257M; EPS $2.00 vs $0.40 YoY; dividend raised to $0.375
Revenues $257M, +57% YoY; net income $28M, diluted EPS $2.00 vs $0.40.
Argan board member W.G. Champion Mitchell passes away on Oct 8, 2024
Mitchell joined the board in Oct 2003, served on Executive and Nominating/Corporate Governance Committees.
Argan boosts quarterly dividend 25% to $0.375; appoints new CFO
Dividend raised to $0.375/share from $0.30 (25% increase); payable Oct 31, record Oct 23.
Argan Q2 revenues up 61% to $227M; EPS $1.31 vs $0.94; backlog tops $1B
Revenue $227M, up 61% YoY; net income $18.2M ($1.31 diluted EPS) vs $12.8M ($0.94)
Argan CFO Richard Deily to retire Sept 15; Josh Baugher succeeds as CFO
CFO Richard H. Deily, 71, retiring effective September 15, 2024, after 17 years at Argan.
Argan subsidiary Gemma gets full notice to proceed on 405 MW solar field in Illinois
Gemma Power Systems received full release for EPC services on a 405 MW utility-scale solar field in Illinois.
Argan declares $0.30 quarterly dividend, extends $125M buyback to Jan 2027
Regular quarterly cash dividend of $0.30 per share, payable July 31, 2024 to holders of record July 23, 2024.
Gemma Power Systems entered into subcontract and received full notice to proceed on June 12, 2024.
Argan Q1 revenue up 52% to $157.7M; EPS $0.58 vs $0.16; dividend raised to $0.30
Revenue $157.7M, +52% YoY; net income $7.9M ($0.58 diluted EPS) vs $2.1M ($0.16).
Argan enters new $35M credit facility with Bank of America, expands total capacity
Base commitment reduced from $50M to $35M, but accordion increased from $10M to $30M, allowing up to $65M.
APC, Argan's UK subsidiary, vacated the Kilroot Project site on May 3, 2024 after serving a contract termination notice.
Argan FY2024 revenue $573.3M (+26%), Q4 rev $164.6M (+38.5%); div $0.30
FY2024 diluted EPS $2.39 vs $2.33; net income $32.4M vs $33.1M.
Argan unit receives full notice to proceed for 112 MW solar + 16 MWh storage projects
Gemma Power Systems, a wholly owned Argan subsidiary, obtained full NTP on January 5, 2024.
Argan declares $0.30 quarterly dividend payable Jan 31, 2024
Dividend of $0.30 per common share declared by Board of Directors.
Argan Q3 revenue up 39% to $163.8M; net income down to $5.5M on Kilroot loss; dividend raised 20%
Revenue $163.8M (+39% YoY); net income $5.5M ($0.40 EPS) vs $7.8M ($0.56 EPS) YoY.
Argan boosts quarterly dividend 20% to $0.30 per share
Quarterly cash dividend raised from $0.25 to $0.30 per common share, a 20% increase.
Argan Q2 FY2024 revenue $141.3M (+19.7% YoY), net income $12.8M ($0.94 EPS) vs $4.2M
Revenue $141.3M, up 19.7% YoY from $118.1M; net income $12.8M ($0.94 diluted) vs $4.2M ($0.30).
Argan subsidiary APC awarded full notice to proceed on 264-MW Ireland power project
APC received full notice to proceed on EPC contract with GE Vernova for Shannonbridge Power Project in County Offaly, Ireland.
Argan declares $0.25 quarterly dividend payable July 31, 2023
Quarterly cash dividend of $0.25 per common share declared.
Argan Q1 FY2024 net income $2.1M ($0.16 EPS) down 72% YoY; gross margin 13.7% vs 19.7%
Revenue $103.7M (+3.4% YoY) but gross profit fell to $14.2M from $19.7M as project mix shifted.
Effective as of April 9, 2025, the Board of Directors (the “Board”) of Argan (“Argan” or the “Company”) appointed Lisa Larroque Alexander as a member of the Board.
The Board of Directors (the “Board”) of Argan, Inc. (“Argan” or the “Company”) has promoted Joshua S. Baugher, age 44, to be the Company’s Senior Vice President, Chief Financial Officer and Treasurer effective September 16, 2024.
Richard H. Deily who retired as Chief Financial Officer on September 15, 2024
Max materiality 0.85 · Median 0.65 · Most common event other_material