ARGAN INC

Argan Inc. reported a strong first quarter with revenues soaring to $290.95 million, up from $193.66 million in the same period last year. Net income more than doubled to $46.06 million, or $3.24 per diluted share, compared to $22.55 million, or $1.60 per diluted share, in the prior year. The company's Power segment remains the largest revenue contributor, with significant growth also seen in the Industrial segment. Argan also declared a cash dividend of $0.500 per share and maintained a robust cash position.

Argan, Inc. reported strong first quarter fiscal year 2027 results, with record revenue of $291.0 million, a 50.2% increase year-over-year. Net income more than doubled to $46.1 million, or $3.24 per diluted share. The company highlighted strong execution across all operating segments and robust demand for energy infrastructure. Argan also announced a new fabrication facility under construction to support a data center contract and increased its cash dividend.