ARGAN INC — fact timeline

ARGAN INC shareholders approved Election of nine directors at the 2026-06-10 meeting.

“At the 2026 Annual Meeting of the Stockholders of Argan, Inc. (“Argan” or the “Company”) held on June 10, 2026, the following three (3) matters were resolved by the stockholders of Argan. (1) The election of the following nine (9) members to the Board of Directors of the Company (the “Board”), each to serve until the 2027 Annual Meeting of Stockholders and until his/her successor has been elected and qualified or until his/her earlier resignation, death or removal: • Lisa L. Alexander • Cynthia A. Flanders • Peter W. Getsinger • William F. Griffin, Jr. • John R. Jeffrey, Jr. • William F. Leimkuhler • James W. Quinn • Karen A. Sweeney • David H. Watson”

ARGAN INC reported first quarter of fiscal year 2027 ended April 30, 2026 results: revenue $291.0 Million, net income $46,063, EPS $3.24.

“Argan, Inc. Reports First Quarter Fiscal 2027 Results Record Revenue of $291.0 Million; Backlog of $2.8 Billion June 4, 2026 – ARLINGTON, VA – Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its first quarter of fiscal year 2027 ended April 30, 2026.”

ARGAN INC reported fourth quarter and fiscal year ended January 31, 2026 results: revenue $ 262,050, net income $ 49,212, EPS 3.47.

“Financial Highlights ($ in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 31, ​ ​ ​ For the Quarter Ended: ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ Change Revenues ​ $ 262,050 ​ $ 232,474 ​ $ 29,576 ​ Gross profit ​ 65,599 ​ 47,613 ​ 17,986 ​ Gross margin % ​ 25.0 % 20.5 % 4.5 % Net income ​ $ 49,212 ​ $ 31,369 ​ $ 17,843 ​ Diluted earnings per share ​”

Lisa Larroque Alexander was appointed as Director at ARGAN INC.

“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.”

Richard H. Deily retired as Chief Financial Officer at ARGAN INC.

“Richard H. Deily who retired as Chief Financial Officer on September 15, 2024”

Joshua S. Baugher was appointed as Senior Vice President, Chief Financial Officer and Treasurer at ARGAN INC.

“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.”

ARGAN INC reported financial results for the fourth quarter and the fiscal year ended January 31, 2024.

“On April 11, 2024, Argan, Inc. (“Argan”) issued a press release announcing its financial results for the fourth quarter and the fiscal year ended January 31, 2024.”

ARGAN INC reported third quarter of fiscal year 2024, ended October 31, 2023 results: revenue $163.8 million, net income $5.5 million, EPS $0.40 per diluted share.

“Consolidated revenues for the quarter ended October 31, 2023 were $163.8 million, an increase of $45.9 million, or 38.9%, from consolidated revenues of $117.9 million”

ARGAN INC reported six months ended July 31, 2023 results: revenue $245.0 million, net income $14.9 million, or $1.10 per diluted share, EPS $1.10 per diluted share.

“research and development credits adjustment recorded in the prior year quarter. First Six Months Results Consolidated revenues for the six months ended July 31, 2023 were $245.0 million, an increase of $26.6 million, or 12.2%, from consolidated revenues of $218.4 million reported for the comparable prior year period, with the improvement primarily due to the”

ARGAN INC reported second quarter of fiscal year 2024, ended July 31, 2023 results: revenue $141.3 million, net income $12.8 million, or $0.94 per diluted share, EPS $0.94 per diluted share.

“recognition of our capabilities related to both traditional and renewable power resources.” Second Quarter Results Consolidated revenues for the quarter ended July 31, 2023 were $141.3 million, an increase of $23.2 million, or 19.7%, from consolidated revenues of $118.1 million reported for the comparable prior year period. The Company experienced increased revenues at”

ARGAN INC reported the three months ended April 30, 2023 results: revenue $103,675, net income $2,109, EPS 0.16.

“Consolidated Financial Highlights ($ in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, ​ ​ ​ For the Quarter Ended: 2023 2022 Change Revenues ​ $ 103,675 ​ $ 100,277 ​ $ 3,398 ​ Gross profit ​ 14,224 ​ 19,738 ​ (5,514) ​ Gross margin % ​ 13.7 % 19.7 % (6.0) % Net income ​ $ 2,109 ​ $ 7,485 ​ $ (5,376) ​ Diluted per share ​ 0.16 ​ 0.50 ​ (0.34) ​ EBITDA ​ ​ 3,649 ​ ​ 10,733 ​ ​ (7,084) ​ Cash dividends per share ​ 0.25 ​ 0.25 ​ —”

ARGAN INC reported the fourth quarter and the fiscal year ended January 31, 2023 results: revenue $ 118,778 (quarter) and $ 455,040 (fiscal year), net income $ 13,633 (quarter) and $ 33,098 (fiscal year), EPS $ 1.00 per diluted share (quarter) and $ 2.33 per diluted share (fiscal year).

“ET. Consolidated Financial Highlights ($ in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 31, ​ ​ ​ For the Quarter Ended: 2023 2022 Change Revenues ​ $ 118,778 ​ $ 125,570 ​ $ (6,792) ​ Gross profit ​ 20,028 ​ 22,231 ​ (2,203) ​ Gross margin % ​ 16.9 % 17.7 % (0.8) % Net income attributable to the stockholders of the Company ​ $ 13,633 ​”

ARGAN INC amended Second Amendment with Bank of America, N.A. valued at $50 million (effective 2023-03-06).

“On March 6, 2023, Argan, Inc. (the “Company”) and certain of its subsidiaries, entered into the Second Amendment (the “Second Amendment”) to the Amended and Restated Replacement Credit Agreement which provides for a $50 million credit commitment (the “Credit Facility”) with Bank of America, N.A., as the lender.”

ARGAN INC reported the three months ended October 31, 2022 results: revenue $117.9 million, net income $7.8 million, EPS $0.56 per diluted share.

“and our strong balance sheet, we are positioned to finish out the year strong and for growth into the future.” Consolidated revenues for the quarter ended October 31, 2022 were $117.9 million, which represented a decrease of $6.6 million, or 5.3%, from consolidated revenues of $124.5 million reported for the three months ended October 31, 2021. Consolidated revenues”

William F. Leimkuhler was appointed as Chairman of the Board at ARGAN INC.

“the Board has also appointed current Board member William F. Leimkuhler as Chairman of the Board, effective August 16, 2022.”

Richard H. Deily changed role as Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary at ARGAN INC.

“The Board has also promoted Richard H. Deily, age 68, to the position of Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary effective August 16, 2022.”

David H. Watson was appointed as Director at ARGAN INC.

“has appointed him to the Board of Directors”

David H. Watson changed role as President and Chief Executive Officer at ARGAN INC.

“The Board of Directors (the “Board”) of Argan, Inc. (the “Company”) has promoted David H. Watson, age 46, to be the Company’s President and Chief Executive Officer (“CEO”) and has appointed him to the Board of Directors, effective August 16, 2022.”

Rainer H. Bosselmann retired as Chairman of the Board at ARGAN INC.

“Mr. Watson will replace Rainer H. Bosselmann, who is retiring from the CEO and Chairman of the Board positions”

Rainer H. Bosselmann retired as Chief Executive Officer at ARGAN INC.

“Mr. Watson will replace Rainer H. Bosselmann, who is retiring from the CEO and Chairman of the Board positions”