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Argan, Inc. (AGX) news stock charts

Argan, Inc. (AGX) Investment Summary:

Argan, Inc., through its subsidiaries, provides engineering, procurement, and construction services. Its Power Industry Services segment provides development, consulting, engineering, procurement, construction, commissioning, operating, and maintenance services to the energy market serving public utilities, independent power project owners, municipalities, public institutions, and the private industry. The company?s Telecommunications Infrastructure Services segment offers telecommunications infrastructure services, such as structuring, cabling, terminations, and connectivity that provide physical transport for high speed data, voice, video, and security networks. It offers inside plant and premises wiring services, including AutoCAD design; cable installation; equipment room, and telecom closet design and build-out; data rack and cabinet installation; raceway design and installation; and cable identification, testing, labeling, and documentation services primarily to federal government facilities. This segment also provides trenchless directional boring and underground services; aerial cabling services; and the installation of buried cable and wire communication, and electric lines primarily to regional communications service providers, electric utilities, and other commercial customers. Its Nutritional Products segment provides research, development, and contract manufacturing of nutritional supplements, vitamins, and whole-food dietary supplements. The company sells its products to brand merchandisers; network marketers; and catalog, Internet, and infomercial distributors, who market its products directly to consumers, distributor networks, or through vitamin/health food stores, pharmacies, mass merchandisers, and major retailers. The company was formerly known as Puroflow Incorporated and changed its name to Argan, Inc. in 2003. Argan, Inc. was founded in 1961 and is headquartered in Rockville, Maryland.
www.arganinc.com
524 Employees
Founded in 1961

ARGAN INC (AGX:AMEX)

LAST $14.52 USD
CHANGE TODAY +0.06 0.41%
VOLUME 8.4K
As of 8:04 PM 03/18/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of ARGAN INC (AGX)

OPEN
$14.44
PREVIOUS CLOSE
$14.46
DAY HIGH
$14.64
DAY LOW
$14.44
52 WEEK HIGH
02/11/10 - $16.26
52 WEEK LOW
06/23/09 - $11.27
MARKET CAP
197.2M
AVERAGE VOLUME 10 D
10.8K
EPS TTM
$0.98
SHARES OUTSTANDING
13.6M
AGX Does Not Pay Dividends
P/E TTM
14.8x
K = Thousands  M = Millions  B = Billions

Key developments for ARGAN INC (AGX)

Argan, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2009
12/8/2009

Argan, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2009. For the quarter ended October 31, 2009, net revenues were $60.7 million compared to $41.4 million in the previous year. Gemma contributed $54.2 million, or 89% of net revenues for the third quarter of fiscal 2010, compared to $36.4 million, or 88% of net revenues for the third quarter of fiscal 2009. Combined net revenues from Argan's other wholly-owned subsidiaries increased to $6.5 million, or 11% of net revenues for the quarter ended October 31, 2009, compared to $5 million, or 12% of net revenues during the same period last year. Despite the increase in net revenues for the quarter, gross margin declined to 11.3% compared to 16.5% in the quarter ended October 31, 2008. The company reported consolidated EBITDA (Earnings before interest, taxes, depreciation and amortization) of $3.4 million for the three months ended October 31, 2009. Gemma, for its segment, recorded $4.2 million in EBITDA for the three months ended October 31, 2009. Net income for the third quarter of fiscal 2010 was $2 million, or $0.14 per diluted share based on 13,763,000 diluted shares outstanding, compared to net income of $2.6 million, or $0.19 per diluted share based on 13,730,000 diluted shares outstanding in the third quarter of fiscal 2009. Argan had consolidated cash of $53 million and escrowed cash of $5 million as of October 31, 2009. Consolidated working capital increased during the current quarter to approximately $60.9 million as of October 31, 2009 from approximately $53.5 million as of January 31, 2009. For the nine months ended October 31, 2009, net revenues were $189.2 million compared to $164.9 million in the nine months ended October 31, 2008. Gemma Power Systems (Gemma) contributed $172 million, or 91% of net revenues in the first nine months of fiscal 2010, compared to $151 million, or 92% of net revenues in the first nine months of fiscal 2009. Combined net revenues from Argan's other wholly-owned subsidiaries increased to $17.2 million, or 9% of net revenues for the nine months ended October 31, 2009, compared to $13.9 million, or 8% of net revenues during the same period last year. The company reported consolidated EBITDA (Earnings before interest, taxes, depreciation and amortization) of $13 million for the nine months ended October 31, 2009. Gemma, for its segment, recorded $16 million in EBITDA for the first nine months of fiscal 2010. Net income for the first nine months of fiscal 2010 was $7.6 million, or $0.55 per diluted share based on 13,765,000 diluted shares outstanding, compared to net income of $5 million, or $0.40 per diluted share based on 12,480,000 diluted shares outstanding for the first nine months in fiscal 2009.

Argan Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2009
09/8/2009

Argan Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company's net revenues were $65.5 million compared to $75.1 million in the previous year. The company reported consolidated EBITDA (Earnings before interest, taxes, depreciation and amortization) of $4.4 million compared to $2.8 million for the same quarter a year ago. Net income was $2.7 million, or $0.19 per diluted share based on 13,771,000 diluted shares outstanding compared to net income of $806,000, or $0.07 per diluted share based on 12,226,000 diluted shares outstanding in the second quarter of fiscal 2009. Income from operations was $3.8 million compared to $1.8 million for the same quarter a year ago. Income from before income taxes was $4.1 million compared to $1.9 million for the same quarter a year ago. For the six months, total revenues were $128.6 million compared to $123.5 million in the six months ended July 31, 2008. The company reported consolidated EBITDA (Earnings before interest, taxes, depreciation and amortization) of $9.5 million compared to $6.1 million for the same period a year ago. Net income was $5.7 million or $0.41 per diluted share based on 13,756,000 diluted shares outstanding compared to net income of $2.4 million or $0.20 per diluted share based on 11,854,000 diluted shares outstanding for the six months in fiscal 2009. Income from operations was $8 million compared to $3.5 million for the same period a year ago. Income from before income taxes was $9 million compared to $4 million for the same period a year ago.

Argan, Inc. added to Russell 2000 Index
06/29/2009

Argan, Inc. will be added to the Russell 2000 Index.

Argan, Inc. financial resources

otc, otcbb, pinksheet, AGX, ob Argan, Inc.

AGX Competitors

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Tutor Perini Corp $20.80 USD +0.36
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Industry Analysis

Valuation AGX Industry Range
Price/Earnings 15.7x
Price/Sales 0.8x
Price/Book 2.2x
Price/Cash Flow 15.5x
TEV/Sales 0.6x

AGX
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AGX transactions

Type
Date		 Target
No transactions in the last 6 months.

More Recent Financial News About Argan, Inc.

Argan, Inc. and Unamsco Discontinue Merger Negotiations

2010-03-10 03:50:39
Quote: have mutually terminated the non-binding letter of intent and discontinued merger negotiations announced August 10, 2009.About Argan, Inc.Argan’s primary business is designing and building energy plants through its Gemma Power Systems subsidiary. These energy plants include traditional gas as well as alternative energy including biodiesel, ethanol, and renewable energy sources such as wind power. Argan also owns Southern Maryland Cable, Inc. and Vitarich Laboratories, Inc.Certain matters ...
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Argan nixes United American Steel deal

2010-02-19 04:29:02
Quote: Rockville-based Argan Inc. said it has terminated its six-month-long discussions to buy the United American Steel Constructors Inc.Argan, which designs and builds energy plants through its subsidiary Gemma Power Systems, said the two parties have mutually agreed to end the sale negotiations.The company had announced in August that it had signed a letter of intent to buy privately held Unamsco for about $50 million in cash and stock. At that time, Argan said Unamsco, which operates two wholly own...
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Argan, Inc. and Unamsco Discontinue Merger Negotiations

2010-02-17 03:45:02
Quote: ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE AMEX: AGX) today announced that Argan andUnited American Steel Constructors, Inc. have mutually terminated thenon-binding letter of intent and discontinued merger negotiationsannounced August 10, 2009.About Argan, Inc.Argan’s primary business is designing and building energy plants throughits Gemma Power Systems subsidiary. These energy plants includetraditional gas as well as alternative energy including biodiesel,ethanol, and renewable ...
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Argan, Inc.'s Wholly Owned Subsidiary Gemma Power Systems Announces New President

2010-02-15 08:26:29
Quote: ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE AMEX: AGX) today announced the appointment ofDaniel L. Martin as President of its wholly owned subsidiary Gemma PowerSystems effective February 8, 2010.Mr. Martin is a seasoned power industry professional with more than 28years experience with project management, engineering, design, sourcingand procurement, construction and start-up of utility, industrial andindependent power plants in the U.S. and internationally. Most recently,Mr. Martin was ...
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ARGAN INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits

2010-02-12 06:30:11
Quote: Item 8.01 Other Events. Effective February 8, 2010, Argan, Inc. (the "Company") appointed Daniel L. Martin as President of its wholly owned subsidiary, Gemma Power Systems, LLC ("Gemma"). Mr. Martin has more than 28 years of experience with project management, engineering, design, sourcing and procurement, construction and start-up of utility, industrial and independent power plants in the U.S. and internationally. Most recently, Mr. Martin was Senior Vice President and Gene...
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Argan, Inc.'s Wholly Owned Subsidiary Gemma Power Systems Announces New President

2010-02-09 04:33:53
Quote: ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE AMEX: AGX) today announced the appointment ofDaniel L. Martin as President of its wholly owned subsidiary Gemma PowerSystems effective February 8, 2010.Mr. Martin is a seasoned power industry professional with more than 28years experience with project management, engineering, design, sourcingand procurement, construction and start-up of utility, industrial andindependent power plants in the U.S. and internationally. Most recently,Mr. Martin was ...
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Argan, Inc. Reports Third Quarter Revenues of $60.7 Million; EBITDA of $3.4 Million

2010-01-26 02:05:52
Quote: ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE AMEX: AGX) today announced financial resultsfor the nine months and third quarter ended October 31, 2009.For the nine months ended October 31, 2009, net revenues were $189.2million compared to $164.9 million in the nine months ended October 31,2008. Gemma Power Systems (Gemma) contributed $172 million, or 91% ofnet revenues in the first nine months of fiscal 2010, compared to $151million, or 92% of net revenues in the first nine months of fiscal...
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Argan, Inc. Reports Third Quarter Revenues of $60.7 Million; EBITDA of $3.4 Million

2009-12-09 04:23:02
Quote: ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE AMEX: AGX) today announced financial resultsfor the nine months and third quarter ended October 31, 2009.For the nine months ended October 31, 2009, net revenues were $189.2million compared to $164.9 million in the nine months ended October 31,2008. Gemma Power Systems (Gemma) contributed $172 million, or 91% ofnet revenues in the first nine months of fiscal 2010, compared to $151million, or 92% of net revenues in the first nine months of fiscal...
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ARGAN INC Files SEC form 10-Q, Quarterly Report

2009-12-09 04:23:01
Quote: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion summarizes the financial position of Argan, Inc. and its subsidiaries as of October 31, 2009, and the results of operations for the three and nine months ended October 31, 2009 and 2008, and should be read in conjunction with (i) the unaudited condensed consolidated financial statements and notes thereto included elsewhere in this Quarterly Report on Form 10-Q and (ii) the consolid...
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ARGAN INC Files SEC form 10-K, Annual Report

2009-12-08 02:23:51
Quote: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION. The following discussion summarizes the financial position of Argan, Inc. and its subsidiaries as of January 31, 2009, and the results of operations for the years ended January 31, 2009 and 2008, and should be read in conjunction with the consolidated financial statements and notes thereto included elsewhere in Item 8 of this Annual Report on Form 10-K. Cautionary Statement Regarding Forward Looking Statem...
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ARGAN INC Files SEC form 10-Q, Quarterly Report

2009-12-08 02:23:50
Quote: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion summarizes the financial position of Argan, Inc. and its subsidiaries as of April 30, 2009, and the results of operations for the three months ended April 30, 2009 and 2008, and should be read in conjunction with (i) the unaudited condensed consolidated financial statements and notes thereto included elsewhere in this Quarterly Report on Form 10-Q and (ii) the consolidated financial...
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Argan, Inc. Reports Second Quarter Revenues of $65.5 Million; Net Income Increases to $2.7 Million

2009-11-30 06:01:47
Quote: ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE AMEX:AGX) today announced financial results forthe six months and second quarter ended July 31, 2009.For the six months ended July 31, 2009, total revenues were $128.6million compared to $123.5 million in the six months ended July 31,2008. Gemma (Gemma Power Systems) contributed $117.8 million or 91.6% oftotal revenues in the first six months of fiscal 2010 compared to $114.6million or 92.8% of total revenues in the first six months of fiscal200...
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ARGAN INC Files SEC form 10-Q, Quarterly Report

2009-11-30 06:01:45
Quote: ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion summarizes the financial position of Argan, Inc. and its subsidiaries as of July 31, 2009, and the results of operations for the three and six months ended July 31, 2009 and 2008, and should be read in conjunction with (i) the unaudited condensed consolidated financial statements and notes thereto included elsewhere in this Quarterly Report on Form 10-Q and (ii) the consolida...
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