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Argan, Inc.

Argan, Inc. (NYSE: AGX) is a publicly traded holding company that builds the energy and industrial base through power and heavy industrial construction services.

Last updated September 26, 2026

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Overview

Argan, Inc. is a publicly traded holding company listed on the New York Stock Exchange under the ticker AGX. Its stated mission is to safely build the energy and industrial base of tomorrow, which it pursues through a portfolio of operating companies. The company is headquartered in Arlington, Virginia, and supports more than 1,000 employees across the United States, Ireland and the United Kingdom. Its business is organized around two principal segments: Power and Industrial. The Power segment serves the power industry with an integrated range of offerings that include engineering, procurement, construction, project development, operations management and consulting services. Argan builds solutions for the transition to low-carbon and zero-carbon fuels, including efficient gas-fired power plants, biomass projects, solar facilities, wind farms and waste-to-energy facilities. The Industrial segment operates as a diversified heavy industrial contractor, providing on-site turn-key construction services and supporting emergency and scheduled plant turnarounds, shutdowns and mobilizations. Its expertise includes producing, delivering and installing fabricated steel piping systems and pressure vessels, and it serves industries such as datacenter, pulp and paper, and others. As a holding company, Argan delivers revenue, earnings and cash flow through the performance of its operating companies, and it uses experienced leadership to enhance acquired businesses and position them for growth. The company maintains an active investor relations program with timely and transparent financial reporting, regular earnings releases, conference calls and SEC filings. Recent reported results include record revenue of $384 million and record net income of $53.3 million for the second quarter of fiscal 2027, alongside a quarterly dividend increase of 40% to $0.70 per common share. Argan has also expanded its Teledata footprint into New England through the acquisition of ValCor Communications. Governance is a visible priority: the Board of Directors maintains policies and procedures to meet NYSE and regulatory requirements, supported by a Nominating and Corporate Governance Committee and a Responsible Business Committee. A Code of Conduct reinforces commitments to anti-corruption, anti-discrimination and anti-harassment while promoting an inclusive workplace. Sustainability reporting covers the environment, employees, and community engagement and social responsibility.

History

Argan, Inc. is a publicly traded holding company whose mission is to safely build the energy and industrial base of tomorrow. It is listed on the New York Stock Exchange under the ticker AGX and is headquartered in Arlington, Virginia. The company supports more than 1,000 employees across the United States, Ireland and the United Kingdom. Argan operates through two principal business segments. The Power segment provides a broad range of services to the power industry, including engineering, procurement, construction, project development, operations management and consulting. It builds solutions supporting the transition to low-carbon and zero-carbon fuels, such as efficient gas-fired power plants, biomass projects, solar facilities, wind farms and waste-to-energy facilities. The Industrial segment is a diversified heavy industrial contractor that provides on-site turn-key construction services and supports emergency and scheduled plant turnarounds, shutdowns and mobilizations. Its capabilities include producing, delivering and installing fabricated steel piping systems and pressure vessels, serving industries such as datacenter, pulp and paper, among others. As a holding company, Argan delivers revenue, earnings and cash flow through the performance of its operating companies. It states that experienced leadership enhances acquired businesses and positions them for growth. The company has expanded its Teledata footprint into New England through the acquisition of ValCor Communications, announced in August 2026. Financially, Argan maintains an active investor relations program with timely and transparent financial reporting, company news, SEC filings and earnings conference calls. In September 2026, the company reported record revenue of $384 million and record net income of $53.3 million for the second quarter of fiscal 2027. It also increased its quarterly dividend by 40% to $0.70 per common share, following a regular quarterly cash dividend of $0.50 per common share declared in June 2026. Corporate governance is a stated priority. The Board of Directors has adopted policies and procedures to meet New York Stock Exchange and other regulatory requirements. The Nominating and Corporate Governance Committee reviews governance guidelines annually, while the Responsible Business Committee develops and oversees initiatives and policies, guides communication with employees and shareholders, monitors emerging developments, and strengthens management's understanding of responsible business matters. The company's Code of Conduct reinforces commitments to anti-corruption, anti-discrimination and anti-harassment and promotes an inclusive workplace. Sustainability efforts address the environment, employees, and community engagement and social responsibility.

  • Declared a regular quarterly cash dividend of $0.50 per common share.

  • Announced the acquisition of ValCor Communications, expanding its Teledata footprint into New England.

  • Reported second quarter fiscal 2027 results with record revenue of $384 million and record net income of $53.3 million.

  • Increased the quarterly dividend by 40% to $0.70 per common share.

Products and positioning

A publicly traded holding company building the energy and industrial base of tomorrow through power and heavy industrial operating companies.

  • Power segment EPC and project development

    Engineering, procurement, construction, project development, operations management and consulting for gas-fired, biomass, solar, wind and waste-to-energy facilities.

  • Industrial segment turn-key construction

    On-site turn-key construction services, plant turnarounds, shutdowns and mobilizations, and fabricated steel piping systems and pressure vessels.

  • Teledata communications infrastructure

    Telecommunications infrastructure services, expanded into New England via the ValCor Communications acquisition.

Sources5 sources

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