Argan Inc【AGX】株式ニュース

Argan, Inc. Reports First Quarter Fiscal 2027 ResultsJune 4, 2026 4:05 PM
Business Wire Record Revenue of $291.0 Million; Backlog of $2.8 Billion Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its first quarter of fiscal year 2027 ended April 30, 2026. The Company will host an investor conference call today, June 4, 2026, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data) April 30, For the Quarter Ended: 2026 2025 Change Revenues $ 290,954 $ 193,660 $ 97,294 Gross profit 61,114 36,863 24,251 Gross margin % 21.0 % 19.0 % 2.0 % Net income $ 46,063 $ 22,550 $ 23,513 Diluted earnings per share 3.24 1.60 1.64 Adjusted EBITDA(1) 56,439 31,487 24,952 Adjusted EBITDA margin(1) 19.4 % 16.3 % 3.1 % Cash dividends per share $ 0.500 $ 0.375 $ 0.125 April 30, January 31, As of: 2026 2026 Change Cash, cash equivalents and investments $ 973,555 $ 894,981 $ 78,574 Net liquidity(2) 421,419 421,000 419 Share repurchase treasury stock, at cost 134,969 114,361 20,608 Project backlog 2,767,000 2,929,000 (162,000 ) (1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. Please refer to “Non-GAAP Financial Measures.” (2) Net liquidity, or working capital, is defined as total current assets less total current liabilities. David Watson, President and Chief Executive Officer of Argan, commented, “We delivered a strong start to fiscal 2027 with record revenue of $291 million, gross margin of 21%, diluted earnings per share of $3.24, and adjusted EBITDA of $56.4 million. Our first quarter results reflect exceptional execution across our business, with all three of our operating segments achieving significant revenue growth as compared to the first quarter of fiscal 2026. “Our project pipeline remains robust, with heightened demand for our capabilities as the electrification of everything, the onshoring of domestic manufacturing, and the proliferation of data centers continue to create an urgent need for additional energy infrastructure. Gas-fired plants remain the ideal solution for delivering the reliable, uninterrupted power needed, and only a limited number of firms are able to successfully execute these complex projects. The robust demand environment, coupled with our proven track record, allows us a disciplined approach in choosing the right projects, in the right locations, with the right partners. “Our industrial segment is also seeing increased demand, highlighted by a data center contract we were awarded in November 2025 for the fabrication of pressure vessels. In support of this project and to better position us to address new opportunities, we have begun construction on a new fabrication facility in North Carolina, which we expect to complete during the third quarter of fiscal 2027. “Argan remains very well positioned with the skill set, financial flexibility, industry relationships and longstanding customer base to capitalize on the current demand environment as we strengthen our leadership role as a partner of choice for the buildout of energy and industrial infrastructure.” First Quarter Results Consolidated revenues for the quarter ended April 30, 2026, were $291.0 million, an increase of $97.3 million, or 50.2%, from consolidated revenues of $193.7 million reported for the comparable prior-year quarter. The year-over-year increase reflects higher revenues across all of the Company’s business segments. In the Power segment, revenue growth was driven by the continued ramp-up of construction activities on recently awarded contracts. For the quarter ended April 30, 2026, Argan's consolidated gross profit was $61.1 million, or 21.0% of consolidated revenues, compared to $36.9 million, or 19.0% of consolidated revenues, for the quarter ended April 30, 2025. The increase primarily reflects improved gross profit margins in the Power segment, driven by a shift in project and contract mix, strong project execution, and the achievement of substantial completion ahead of schedule on the final Midwest Solar and Battery Project. Selling, general and administrative expenses were $15.7 million and $12.5 million for the three months ended April 30, 2026 and 2025, respectively, and represented 5.4% and 6.5% of corresponding consolidated revenues, respectively. Other income, net, for the three months ended April 30, 2026 was $8.4 million, which primarily reflected investment income earned during the period. For the quarter ended April 30, 2026, Argan achieved net income of $46.1 million, or $3.24 per diluted share, compared to $22.6 million, or $1.60 per diluted share, for last year’s first quarter. EBITDA for the quarter ended April 30, 2026 increased to $54.4 million compared to $30.3 million for the same quarter of last year. Adjusted EBITDA for the quarter ended April 30, 2026 increased to $56.4 million compared to $31.5 million for the same quarter of last year. Argan continues to generate significant cash flow and increased its total balance of cash, cash equivalents and investments during the quarter. The total balances were $973.6 million and $895.0 million as of April 30, 2026 and January 31, 2026, respectively. Balance sheet net liquidity was $421.4 million at April 30, 2026 and $421.0 million at January 31, 2026; furthermore, the Company had no debt. As of April 30, 2026, consolidated project backlog was approximately $2.8 billion, as compared to approximately $2.9 billion at January 31, 2026. Conference Call and Webcast Argan will host a conference call and webcast for investors today, June 4, 2026, at 5:00 p.m. ET. Domestic stockholders and interested parties may participate in the conference call by dialing (888) 506-0062 and international participants should dial (973) 528-0011; all callers shall use access code: 208616. The call and the accompanying slide deck will also be webcast at: https://www.webcaster5.com/Webcast/Page/2961/54078 The conference call and slide deck may also be accessed via the Investor Center section of the Company’s website at https://arganinc.com/investor-center. Please allow extra time prior to the call to visit the site. A replay of the teleconference will be available until June 18, 2026, and can be accessed by dialing 877-481-4010 (domestic) or 919-882-2331 (international). The replay access code is 54078. A replay of the webcast can be accessed until June 4, 2027. About Argan Argan’s primary business is providing a full range of construction and related services to the power industry. Argan’s service offerings focus on the engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, maintenance, project development and technical consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated industrial construction, fabrication and plant services company, and SMC Infrastructure Solutions, which provides teledata infrastructure services. Non-GAAP Financial Measures The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”). Within this press release, the Company makes reference to earnings before interest, taxes, depreciation and amortization (“EBITDA”), Adjusted EBITDA, and Adjusted EBITDA margin, each of which is a non-GAAP financial measure. The Company defines Adjusted EBITDA as EBITDA adjusted to exclude the impact of non-cash stock-based compensation expense. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by total revenues. The Company believes these non-GAAP financial measures provide useful supplemental information to management and investors in evaluating the Company's operating performance because they exclude certain items that may not be indicative of the Company's core operating results or may affect comparability between periods or among companies with different capital structures, tax positions, depreciation policies, or equity compensation practices. Adjusted EBITDA and Adjusted EBITDA margin exclude stock-based compensation expense, a non-cash item that management believes impacts the comparability of operating results between reporting periods. These non-GAAP financial measures should be considered in conjunction with, and not as substitutes for, the GAAP financial information presented in this press release. These measures have limitations as analytical tools because they exclude certain items, including interest, income tax expense, depreciation and amortization expense, and in the case of Adjusted EBITDA and Adjusted EBITDA margin, stock-based compensation expense. The methods used by the Company to calculate these non-GAAP financial measures may differ from methods used by other companies and, as a result, may not be comparable to similarly titled measures reported by other companies. Financial tables at the end of this press release provide reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. Safe Harbor Statement Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company’s future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, and the Company’s ability to successfully complete the projects that it obtains. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company’s SEC filings. Argan, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings (In thousands, except per share data) Three Months Ended April 30, 2026 2025 (Unaudited) REVENUES $ 290,954 $ 193,660 Cost of revenues 229,840 156,797 GROSS PROFIT 61,114 36,863 Selling, general and administrative expenses 15,719 12,521 INCOME FROM OPERATIONS 45,395 24,342 Other income, net 8,374 5,444 INCOME BEFORE INCOME TAXES 53,769 29,786 Provision for income taxes 7,706 7,236 NET INCOME 46,063 22,550 OTHER COMPREHENSIVE INCOME, NET OF TAXES Foreign currency translation adjustments (541 ) 3,621 Net unrealized (losses) gains on available-for-sale securities (2,659 ) 2,680 COMPREHENSIVE INCOME $ 42,863 $ 28,851 EARNINGS PER SHARE Basic $ 3.30 $ 1.65 Diluted $ 3.24 $ 1.60 WEIGHTED AVERAGE SHARES OUTSTANDING Basic 13,959 13,628 Diluted 14,197 14,112 CASH DIVIDENDS PER SHARE $ 0.500 $ 0.375 Argan, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Dollars in thousands, except per share data) April 30, January 31, 2026 2026 (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $ 355,847 $ 339,481 Investments 617,708 555,500 Accounts receivable, net 130,808 133,677 Contract assets 36,917 43,397 Other current assets 74,828 60,202 TOTAL CURRENT ASSETS 1,216,108 1,132,257 Property, plant and equipment, net 18,271 16,596 Goodwill 28,033 28,033 Intangible assets, net 1,375 1,450 Deferred taxes, net — — Right-of-use and other assets 22,651 8,018 TOTAL ASSETS $ 1,286,438 $ 1,186,354 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 123,850 $ 107,540 Accrued expenses 105,065 89,748 Contract liabilities 565,774 513,969 TOTAL CURRENT LIABILITIES 794,689 711,257 Deferred taxes, net 4,907 6,555 Noncurrent liabilities 13,331 6,280 TOTAL LIABILITIES 812,927 724,092 STOCKHOLDERS’ EQUITY Preferred stock, par value $0.10 per share – 500,000 shares authorized; no shares issued and outstanding — — Common stock, par value $0.15 per share – 30,000,000 shares authorized; 15,828,289 shares issued; 14,020,427 and 13,950,712 shares outstanding at April 30, 2026 and January 31, 2026, respectively 2,374 2,374 Additional paid-in capital 163,233 167,234 Retained earnings 445,255 406,197 Treasury stock, at cost – 1,807,862 and 1,877,577 shares at April 30, 2026 and January 31, 2026, respectively (134,969 ) (114,361 ) Accumulated other comprehensive (loss) income (2,382 ) 818 TOTAL STOCKHOLDERS’ EQUITY 473,511 462,262 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,286,438 $ 1,186,354 Argan, Inc. and Subsidiaries Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations (Dollars in thousands) (Unaudited) Three Months Ended April 30, 2026 2025 Revenues $ 290,954 $ 193,660 Net income, as reported $ 46,063 $ 22,550 Provision for income taxes 7,706 7,236 Depreciation 559 415 Amortization of intangible assets 75 98 EBITDA 54,403 30,299 Stock-based compensation expense 2,036 1,188 Adjusted EBITDA $ 56,439 $ 31,487 Adjusted EBITDA margin 19.4 % 16.3 % View source version on businesswire.com: https://www.businesswire.com/news/home/20260604142927/en/ Company Contact:
David Watson
301.315.0027 Investor Relations Contacts:
John Nesbett/Jennifer Belodeau
IMS Investor Relations
203.972.9200
argan@imsinvestorrelations.com Original: Argan, Inc. Reports First Quarter Fiscal 2027 Results

Argan, Inc. Reports Fourth Quarter and Fiscal Year 2026 ResultsMarch 26, 2026 4:05 PM
Business Wire
Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its fourth quarter and fiscal year ended January 31, 2026. The Company will host an investor conference call today, March 26, 2026, at 5:00 p.m. ET.

Consolidated 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

3.47

2.22

1.25

EBITDA

55,976

39,259

16,717

EBITDA as a % of revenues

21.4

%

16.9

%

4.5

%

Cash dividends per share

0.500

0.375

0.125

January 31,

For the Fiscal Year Ended:

2026

2025

Change

Revenues

$

944,606

$

874,179

$

70,427

Gross profit

193,678

140,989

52,689

Gross margin %

20.5

%

16.1

%

4.4

%

Net income

$

137,774

$

85,459

$

52,315

Diluted earnings per share

9.74

6.15

3.59

EBITDA

162,797

113,500

49,297

EBITDA as a % of revenues

17.2

%

13.0

%

4.2

%

Cash dividends per share

1.750

1.350

0.400

January 31,

As of:

2026

2025

Change

Cash, cash equivalents and investments

$

894,981

$

525,137

$

369,844

Net liquidity (1)

421,000

301,443

119,557

Share repurchase treasury stock, at cost

114,361

105,643

8,718

Project backlog

2,929,000

1,361,000

1,568,000

(1)

Net liquidity, or working capital, is defined as total current assets less total current liabilities.

David Watson, President and Chief Executive Officer of Argan, commented, “Our record fourth quarter performance capped a year of strong execution throughout fiscal 2026, driving record top and bottom-line performance for the full year. During the year, we added $2.5 billion in new contract value, increasing our consolidated project backlog to more than $2.9 billion at year-end, reflecting substantial growth across the entire Argan platform. These are exciting times for our company as demand for our services remains exceptionally strong.

“With our longstanding customer base, proven track record of executional excellence, and industry-leading experience building large, complex power generating facilities, Argan is uniquely positioned to capitalize on the strong demand for reliable, high-performing energy infrastructure. The rapid growth of AI and data centers, the electrification of everything, the replacement of aging power facilities, and a prolonged period of underinvestment in power infrastructure are placing increasing pressure on our power grids. We are seeing a robust pipeline of opportunities to build new gas-fired power plants capable of delivering reliable, high-quality power on a 24/7 basis.

“As Argan enters its 20th year of building power plants, we remain as disciplined today as we were in our first year in the way we pursue opportunities and deliver successful project outcomes for our customers, employees, and shareholders. We are energized by our ability to continue driving meaningful revenue growth and enhanced profitability in the years ahead.”

Fourth Quarter Results

Consolidated revenues for the quarter ended January 31, 2026, were $262.1 million, an increase of $29.6 million, or 12.7%, from consolidated revenues of $232.5 million reported for the comparable prior-year quarter. The year-over-year increase reflects higher revenues across all of the Company’s business segments. In the Power segment, revenues increased as recently awarded contracts progressed through the early stages of construction, generating revenues that were not present in the prior-year period.

For the quarter ended January 31, 2026, Argan’s consolidated gross profit was $65.6 million, or 25.0% of consolidated revenues. Consolidated gross profit for the quarter ended January 31, 2025 was $47.6 million, or 20.5% of consolidated revenues. The increase from the comparable prior-year quarter is primarily due to improved gross profit margins for the Power segment, reflecting strong project execution, including the early achievement of substantial completion at the Trumbull Energy Center.

Selling, general and administrative expenses were $17.9 million and $14.9 million for the three months ended January 31, 2026 and 2025, respectively, and represented 6.8% and 6.4% of corresponding consolidated revenues, respectively.

Other income, net, for the three months ended January 31, 2026 was $7.7 million, which primarily reflected investment income earned during the period.

For the quarter ended January 31, 2026, Argan achieved net income of $49.2 million, or $3.47 per diluted share, compared to $31.4 million, or $2.22 per diluted share, for last year’s fourth quarter. EBITDA for the quarter ended January 31, 2026 increased to $56.0 million compared to $39.3 million for the same quarter of last year.

Argan continues to generate significant cash flow and increased its total balance of cash, cash equivalents and investments during the quarter. The total balances were $895.0 million and $525.1 million as of January 31, 2026 and 2025, respectively. Balance sheet net liquidity was $421.0 million at January 31, 2026 and $301.4 million at January 31, 2025; furthermore, the Company had no debt.

Fiscal Year 2026 Results

Consolidated revenues for Fiscal 2026 were $944.6 million, an increase of $70.4 million, or 8.1%, from consolidated revenues of $874.2 million reported for Fiscal 2025. Consolidated gross profit for Fiscal 2026 increased to approximately $193.7 million, or 20.5% of consolidated revenues, compared to consolidated gross profit of $141.0 million, or 16.1% of consolidated revenues, reported for Fiscal 2025.

For Fiscal 2026, Argan achieved net income of $137.8 million, or $9.74 per diluted share, versus net income of $85.5 million, or $6.15 per diluted share, for Fiscal 2025. EBITDA for Fiscal 2026 was $162.8 million, an increase of $49.3 million from EBITDA of $113.5 million for Fiscal 2025.

As of January 31, 2026, consolidated project backlog was approximately $2.9 billion, as compared to approximately $1.4 billion at January 31, 2025.

Conference Call and Webcast

Argan will host a conference call and webcast for investors today, March 26, 2026, at 5:00 p.m. ET.

Domestic stockholders and interested parties may participate in the conference call by dialing (888) 506-0062 and international participants should dial (973) 528-0011; all callers shall use access code: 815489.

The call and the accompanying slide deck will also be webcast at:

https://www.webcaster5.com/Webcast/Page/2961/53563

The conference call and slide deck may also be accessed via the Investor Center section of the Company’s website at https://arganinc.com/investor-center. Please allow extra time prior to the call to visit the site.

A replay of the teleconference will be available until April 9, 2026, and can be accessed by dialing 877-481-4010 (domestic) or 919-882-2331 (international). The replay access code is 53563. A replay of the webcast can be accessed until March 26, 2027.

About Argan

Argan’s primary business is providing a full range of construction and related services to the power industry. Argan’s service offerings focus on the engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, maintenance, project development and technical consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated industrial construction, fabrication and plant services company, and SMC Infrastructure Solutions, which provides teledata infrastructure services.

Non-GAAP Financial Measures

The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”). Within this press release, the Company makes reference to earnings before interest, taxes, depreciation and amortization (“EBITDA”), a non-GAAP financial measure. The Company believes that the non-GAAP financial measure described in this press release is important to management and investors because the measure supplements the understanding of Argan’s ongoing operating results, excluding the effects of capital structure, depreciation, amortization, and income tax rates. The non-GAAP financial measure referred to above should be considered in conjunction with, and not as a substitute for, the GAAP financial information presented in this press release. Financial tables at the end of this press release provide reconciliations of the non-GAAP financial measures to the comparable GAAP measures.

Safe Harbor Statement

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company’s future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, and the Company’s ability to successfully complete the projects that it obtains. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company’s SEC filings.

ARGAN, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share data)

Three Months Ended

Fiscal Year Ended

January 31,

January 31,

2026

2025

2026

2025

(Unaudited)

REVENUES

$

262,050

$

232,474

$

944,606

$

874,179

Cost of revenues

196,451

184,861

750,928

733,190

GROSS PROFIT

65,599

47,613

193,678

140,989

Selling, general and administrative expenses

17,928

14,946

58,977

52,794

INCOME FROM OPERATIONS

47,671

32,667

134,701

88,195

Other income, net

7,722

5,965

25,808

23,009

INCOME BEFORE INCOME TAXES

55,393

38,632

160,509

111,204

Provision for income taxes

6,181

7,263

22,735

25,745

NET INCOME

49,212

31,369

137,774

85,459

OTHER COMPREHENSIVE INCOME, NET OF TAXES

Foreign currency translation adjustments

1,204

(389

)

4,739

(2,322

)

Net unrealized (losses) gains on available-for-sale securities

(277

)

(450

)

2,617

(619

)

COMPREHENSIVE INCOME

$

50,139

$

30,530

$

145,130

$

82,518

EARNINGS PER SHARE

Basic

$

3.54

$

2.31

$

10.00

$

6.35

Diluted

$

3.47

$

2.22

$

9.74

$

6.15

WEIGHTED AVERAGE SHARES OUTSTANDING

Basic

13,895

13,598

13,772

13,448

Diluted

14,182

14,135

14,147

13,906

CASH DIVIDENDS PER SHARE

$

0.500

$

0.375

$

1.750

$

1.350

ARGAN, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Dollars in thousands, except per share data)

January 31,

2026

2025

ASSETS

CURRENT ASSETS

Cash and cash equivalents

$

339,481

$

145,263

Investments

555,500

379,874

Accounts receivable, net

133,677

175,808

Contract assets

43,397

28,430

Other current assets

60,202

51,925

TOTAL CURRENT ASSETS

1,132,257

781,300

Property, plant and equipment, net

16,596

14,463

Goodwill

28,033

28,033

Intangible assets, net

1,450

1,826

Deferred taxes, net

—

552

Right-of-use and other assets

8,018

10,053

TOTAL ASSETS

$

1,186,354

$

836,227

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts payable

$

107,540

$

97,297

Accrued expenses

89,748

83,319

Contract liabilities

513,969

299,241

TOTAL CURRENT LIABILITIES

711,257

479,857

Deferred taxes, net

6,555

—

Noncurrent liabilities

6,280

4,513

TOTAL LIABILITIES

724,092

484,370

STOCKHOLDERS’ EQUITY

Preferred stock, par value $0.10 per share – 500,000 shares authorized; no shares issued and outstanding

—

—

Common stock, par value $0.15 per share – 30,000,000 shares authorized; 15,828,289 shares issued; 13,950,712 and 13,634,214 shares outstanding at January 31, 2026 and 2025, respectively

2,374

2,374

Additional paid-in capital

167,234

168,966

Retained earnings

406,197

292,698

Treasury stock, at cost – 1,877,577 and 2,194,075 shares at January 31, 2026 and 2025, respectively

(114,361

)

(105,643

)

Accumulated other comprehensive income (loss)

818

(6,538

)

TOTAL STOCKHOLDERS’ EQUITY

462,262

351,857

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

1,186,354

$

836,227

ARGAN, INC. AND SUBSIDIARIES

RECONCILIATIONS TO EBITDA

(In thousands)

(Unaudited)

Three Months Ended

January 31,

2026

2025

Net income, as reported

$

49,212

$

31,369

Provision for income taxes

6,181

7,263

Depreciation

501

529

Amortization of intangible assets

82

98

EBITDA

$

55,976

$

39,259

Fiscal Year Ended

January 31,

2026

2025

Net income, as reported

$

137,774

$

85,459

Provision for income taxes

22,735

25,745

Depreciation

1,912

1,905

Amortization of intangible assets

376

391

EBITDA

$

162,797

$

113,500

View source version on businesswire.com: https://www.businesswire.com/news/home/20260326456425/en/
Company Contact:

David Watson

301.315.0027

Investor Relations Contacts:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203.972.9200

argan@imsinvestorrelations.com

Original: Argan, Inc. Reports Fourth Quarter and Fiscal Year 2026 Results