Argan(NYSE) AGX

Argan helps build and maintain large-scale power plants. The company keeps electricity flowing to homes and businesses. Its teams also install high-speed data and communication networks.

Powering the Modern World

• Power Industry Services: Engineering and construction for traditional and renewable energy plants; accounts for 77.9% of revenues.
• Industrial Fabrication: Metal component manufacturing and on-site maintenance for large factories; represents 20.0% of revenues.
• Teledata Infrastructure: Installation and repair of underground and aerial communication lines; provides 2.1% of revenues.

Expanding the Footprint

• Purchased land in Farmville, North Carolina, in November 2025.
• Started construction on a new facility to manufacture specialized cooling vessels.
• Began work on a biofuel power station in Ireland in early 2025.

What Makes Argan Different

Argan maintains a large project backlog worth $2.8 billion as of April 30, 2026. This deep pipeline focuses on complex energy plants and utility-scale solar fields across multiple countries.

Highlights From the Financials

• Revenue reached $291 million for the quarter ended April 30, 2026, up 50.2% year-over-year.
• Net income hit $46 million for the three months ended April 30, 2026, a 104.3% increase from 2025.
• Gross profit climbed to $61 million in the quarter ended April 30, 2026, up 65.8% year-over-year.
• Operating cash flow was $113 million for the quarter ended April 30, 2026, up 221.3% from the previous year.

Bottom Line

Argan has evolved into a specialist in high-demand energy and data infrastructure. Its focus on both fossil fuels and renewables helps it navigate the global energy transition.