Second Quarter Fiscal PRESENTATION 2025 Results Safe Harbor Statement All statements in this presentation that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as "believe," "intend," "expect," "may," "could," "would," "will," "should," "plan," "project," "contemplate," "anticipate," or similar statements. Because these statements reflect the current views of Argan, Inc. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended July 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT For the Transition Period from to Commission File Number 001-31756 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation) (I.R.S. Employer Identification ...

Exhibit 99.1 Argan, Inc. Reports Second Quarter Fiscal 2025 Results September 5, 2024 – ROCKVILLE, MD – Argan, Inc. (NYSE: AGX) ("Argan" or the "Company") today announces financial results for its second quarter of fiscal year 2025 ended July 31, 2024. The Company will host an investor conference call today, September 5, 2024, at 5:00 p.m. ET. Consolidated Financial Highlights ($ in thousands, except per share data) | For the Quarter Ended: | July 31, | | | | --- | --- | --- | --- | | | 2024 | 2023 | Change ...

Ron and Patty Thomas Synopsis Argan, Inc. (NYSE:AGX) conducts its operations through a few subsidiaries. They are Gemma Power Systems [GPS], The Roberts Company [TRC], Atlantic Projects Company [APC], and Southern Maryland Cable [SMC]. It offers a wide range of services to the power generation market, the light and heavy industrial market, and the telecommunications infrastructure market. Currently, the demand for electricity is increasing, and it is anticipated to increase in the years to come. Generat ...

Financial Data and Key Metrics Changes - Consolidated revenues increased by 52% to $157.7 million for Q1 2025 compared to the same quarter last year [6][18] - EBITDA improved to $11.9 million from $3.6 million year-over-year [21] - Net income rose to $7.9 million or $0.58 per diluted share, compared to $2.1 million or $0.16 per diluted share in the prior year [21] Business Line Data and Key Metrics Changes - Power Industry Services segment revenues increased by 57% to $110.3 million, representing 70% of total revenues [9][19] - Industrial Construction Services segment (TRC) achieved revenue growth of 44% to $43.7 million, contributing 28% of total revenues [10][19] - Telecommunications Infrastructure Services contributed 2% of total revenues, reflecting the smallest segment [11] Market Data and Key Metrics Changes - Project backlog at the end of Q1 2025 was $824 million, up from $757 million at the end of Q4 2024 and $806 million year-over-year [7][22] - Approximately $318 million or 39% of the backlog consists of renewable projects, with 86% of the backlog supporting zero or low carbon emissions [14][22] Company Strategy and Development Direction - The company aims to expand its leadership role in energy infrastructure, focusing on both traditional and renewable energy projects [13][26] - There is a strong emphasis on leveraging capabilities to meet increasing energy demands driven by data centers and electric vehicle adoption [12][27] - The company is committed to disciplined risk management and exploring acquisition opportunities to enhance growth [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing urgency to reinforce energy infrastructure to meet anticipated consumption levels [16][28] - The company is well-positioned to benefit from the transition to cleaner energy alternatives while maintaining grid reliability [27] - Management highlighted the robust pipeline of opportunities and the effectiveness of their growth and diversity plan [14][26] Other Important Information - The company reported a strong balance sheet with $416 million in cash and investments, net liquidity of $247 million, and no debt [7][24] - A total of approximately $101.2 million has been returned to shareholders through stock repurchases since November 2021 [25] Q&A Session Summary Question: Are there likely or possible additional charges coming from the Kilroot project? - Management indicated that while there is a possibility of additional losses, there is also potential for recovery, with claims exceeding $25 million being pursued [31][32] Question: Can you talk about the cadence of the Trumbull project? - Management confirmed that the project is on schedule and expects peak activity throughout the year [33][34] Question: What needs to happen to begin construction on the 405 megawatt solar project? - Management stated that a full notice to proceed is required, which is expected to be received this summer [35][36] Question: How does the Louisiana gas project compare to traditional gas plant projects? - Management explained that the Louisiana project is a subcontract and will have a quicker revenue flow compared to traditional projects [44] Question: How is the pipeline of activity looking? - Management expressed satisfaction with the pipeline, noting recent full notices to proceed on renewable jobs totaling 565 megawatts [41][42]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended April 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT For the Transition Period from to Commission File Number 001-31756 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation) (I.R.S. Employer Identificatio ...

(1) Net liquidity, or working capital, is defined as total current assets less total current liabilities. David Watson, President and Chief Executive Officer of Argan, commented, "Fiscal 2025 is off to a solid start with consolidated revenues growth of 52% to $157.7 million, reflecting strong revenues performance at both Gemma Power Systems and The Roberts Company. We achieved net income of $7.9 million, or $0.58 per diluted share, and EBITDA increased by $8.2 million to $11.9 million, which represents a 22 ...

Generally, the idea of selling securities rankles the public’s nerve, yet trimming overbought stocks is just as important a discipline as knowing what to buy. It might be even more important than the latter concept.Imagine you’re a professional baseball team. You’re charged with bringing home a title to your hometown’s favorite ballclub. Fortunately, you have a tremendous starting pitching lineup. Unfortunately – as the Los Angeles Dodgers have found out – you need relief pitching to close out games. Otherw ...

Argan just surprised investors. Can it do it again in 2024?Investors in Rockville, Maryland-based engineering firm Argan (AGX 22.43%) are having a good day Friday, as the energy plant builder closes out the week with a powerful earnings report for the fiscal fourth quarter of 2024, ended Jan. 31.Analysts had forecast Argan would earn just $0.75 per share for the quarter, but Argan reported last night that Q4 earnings were a better-than-expected $0.89. Quarterly sales of $164.6 million also seem to have topp ...

Financial Data and Key Metrics Changes - Consolidated revenue increased by 26% to $573.3 million for fiscal 2024 compared to $455 million for fiscal 2023 [7][22] - Full year EBITDA was $51.3 million, up from $48.1 million in fiscal 2023 [22][24] - Net income for fiscal 2024 was $32.4 million or $2.39 per diluted share, compared to $33.1 million or $2.33 per diluted share for the prior year [22][24] - Cash and investments exceeded $400 million, with net liquidity of $245 million and no debt [7][28] Business Segment Data and Key Metrics Changes - Power industry services revenue increased by 20.3% to $416.3 million for fiscal 2024, driven by projects like the Trumbull Energy Center and Shannonbridge Power Project [22][23] - Industrial Construction Services revenue grew by 64% to $41.3 million in Q4, with pre-tax net income increasing by 155% [9][20] - Telecommunications infrastructure services contributed 2% of Q4 revenues, remaining the smallest segment [10] Market Data and Key Metrics Changes - The project backlog grew to $757 million sequentially from $730 million at the end of Q3 [7] - 83% of the project backlog supports low carbon emissions, indicating a focus on cleaner energy resources [13] - The demand for power is increasing due to factors like AI data centers and electric vehicle charging infrastructure [11][30] Company Strategy and Development Direction - The company aims to leverage its capabilities to capitalize on the growing demand for reliable energy sources, focusing on both traditional and renewable energy projects [18][30] - There is a commitment to driving long-term value creation for shareholders through disciplined risk management and potential acquisition opportunities [29][31] - The company is positioned to benefit from the transition to cleaner energy alternatives while maintaining grid reliability [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the project pipeline, expecting additional large projects in the coming months [34][35] - The company acknowledged challenges faced in the Kilroot project but emphasized its commitment to project success and efficiency [16][17] - The management believes that natural gas will continue to play a crucial role in meeting future energy demands alongside renewable sources [42][43] Other Important Information - The company repurchased approximately 300,000 shares for about $12.5 million during fiscal 2024 [8] - A quarterly cash dividend was increased by 20% to $0.30 per share, reflecting the company's strong financial position [8][29] Q&A Session Summary Question: Can you provide more details on the project pipeline? - Management highlighted excitement about the project pipeline, with expectations for additional large projects in gas and renewables [34] Question: Is there a growing demand for gas plants? - Management confirmed that there is a significant demand for natural gas plants due to increased power needs driven by AI and electric vehicles [38] Question: What is the expected percentage of natural gas in power generation? - Management believes that natural gas needs to remain in the 30% to 40% range to meet growing demand while supporting renewable energy [42] Question: Can the growth rate of the Industrial Construction Services segment be sustained? - Management indicated confidence in sustaining growth, supported by a strong backlog and ongoing project opportunities [49]