ARGAN INC

Argan, Inc. announced a significant 40% increase in its quarterly cash dividend, raising it from $0.50 to $0.70 per common share. This marks the fourth consecutive annual increase and reflects the company's confidence in its growth prospects driven by strong demand in the energy infrastructure sector. The dividend will be paid on October 30, 2026, to shareholders of record on October 22, 2026.

Argan, Inc. announced that its wholly-owned subsidiary, Southern Maryland Cable Inc. (SMC), completed the acquisition of ValCor Communications, LLC. ValCor, a Connecticut-based provider of network installation and maintenance services, serves customers across New England. The transaction, which closed on July 31, 2026, involved an initial consideration of approximately $8.3 million, funded by cash and Argan common stock. This acquisition is expected to expand SMC's Teledata segment and strengthen its competitive position by gaining access to a premier customer base in the defense, aerospace, and technology sectors.

Argan, Inc. announced a regular quarterly cash dividend of $0.50 per share, payable on July 31, 2026, to stockholders of record as of July 23, 2026. Additionally, at its 2026 Annual Meeting, stockholders elected nine directors to the Board, approved the company's executive compensation in a non-binding advisory vote, and ratified the appointment of Grant Thornton LLP as its independent registered public accountants for the fiscal year ending January 31, 2027.

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.