ARGAN
ARG
ISIN FR0010481960 / Valor 3184844
ARGAN
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About company
Argan, Inc. (NYSE: AGX), headquartered in Rockville, Maryland, is a prominent service provider in the power and industrial sectors, with a significant presence in the United States, Ireland, and the United Kingdom. The company specializes in engineering, procurement, construction, project development, operations management, and consulting services, primarily catering to the power industry's shift towards low-carbon and zero-carbon energy sources. This includes the development of gas-fired power plants, biomass projects, solar facilities, wind farms, and waste-to-energy facilities. Additionally, Argan offers diversified heavy industrial contracting services, supporting industries such as pulp and paper, petrochemical, bio-pharmaceutical, and fertilizer with turn-key construction services, emergency plant turnarounds, and the installation of fabricated steel piping systems and pressure vessels. The company also extends its expertise to the telecommunications sector, providing infrastructure services that encompass construction, maintenance, and project management for communication and power distribution systems across the mid-Atlantic region of the United States.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Revenue Growth
Argan, Inc. reported consolidated revenues of $157.7 million for the first quarter of fiscal year 2025, which ended on April 30, 2024. This represents a significant increase of 52.1% compared to the $103.7 million reported for the same quarter in the previous year. The revenue growth was driven by strong performance at both Gemma Power Systems and The Roberts Company.
Net Income
For the first quarter of fiscal year 2025, Argan achieved a net income of $7.9 million, or $0.58 per diluted share. This is a substantial improvement from the net income of $2.1 million, or $0.16 per diluted share, reported for the comparable quarter in the previous year. The increase in net income reflects the company's strong operational performance despite challenges faced during the quarter.
EBITDA Increase
Argan's EBITDA for the first quarter of fiscal year 2025 increased to $11.9 million, up from $3.6 million in the same quarter of the previous year. This represents a 225.8% increase, highlighting the company's improved profitability and operational efficiency. The significant rise in EBITDA was achieved despite a $2.6 million loss related to the Kilroot Power Station project in Northern Ireland.
Project Backlog
As of April 30, 2024, Argan's project backlog stood at $824 million, which includes over $300 million in renewable projects. This robust backlog reflects the growing demand for energy resources and the company's strong position in the market. The backlog includes various projects such as the Trumbull Energy Center, Midwest Solar and Battery Projects, and the Shannonbridge Power Project.
Cash and Liquidity
Argan maintained a substantial balance of cash, cash equivalents, and short-term investments, totaling $416.4 million as of April 30, 2024. The company's net liquidity was $246.7 million at the end of the quarter, up from $244.9 million as of January 31, 2024. Argan's strong liquidity position provides a solid foundation for future growth and investment opportunities.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1580 M
Market cap (USD)
11,319
Daily traded volume (Shares)
60 / 59.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Ratings & reviews
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