ARGAN INC: management transactions · United States · SEC (Form 4)

About ARGAN INC

Argan, Inc. (NYSE: AGX) is a U.S.-based engineering and construction company focused on specialized infrastructure projects, with its corporate headquarters in Arlington, Virginia. For investors, Argan is best understood as a project-driven industrial contractor rather than a generalist construction group. The company emphasizes that it delivers revenue, earnings, and cash flow through its operating subsidiaries, leveraging management’s experience in building and scaling acquired businesses. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000100591/000110465926035216/agx-20260131x10k.htm?utm_source=openai)) Argan’s business model is organized around three reportable segments: Power, Industrial, and Teledata. Power is the company’s historical core and remains the largest strategic platform; it provides EPC services for power-generation facilities, including combined-cycle gas-fired plants and other generation assets. Industrial expands the addressable market into adjacent infrastructure and construction end markets such as data centers, water-treatment facilities, recycling plants, and other industrial projects. Teledata is smaller but adds telecommunications infrastructure capabilities, including network deployment and related services. This mix gives Argan a specialist profile with exposure to large, technically complex projects and backlog-driven revenue visibility. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000100591/000110465926035216/agx-20260131x10k.htm?utm_source=openai)) The company was founded in 1961, giving it a long operating history in the United States. Over time, Argan has evolved toward a more focused, niche positioning built around execution discipline, contract management, and project delivery in markets where scale, schedule, and technical know-how matter. Management has described its growth approach as improving acquired operating companies and positioning them for expansion. The move of the corporate headquarters to Arlington, Virginia in 2025 reinforces the company’s U.S. operating base and East Coast footprint. ([sec.gov](https://www.sec.gov/Archives/edgar/data/100591/000155837025003819/agx-20250131x10k.htm?utm_source=openai)) From a competitive standpoint, Argan is not a broad-based infrastructure conglomerate; it competes as a specialty contractor with deep expertise in energy and selected industrial verticals. Its differentiators are execution capabilities, engineering and EPC experience, and a growing backlog that supports medium-term revenue conversion. In fiscal 2026, Argan reported record performance, including consolidated revenue of $944.6 million and a significantly larger backlog. The company also stated that its Industrial segment expanded rapidly during the year, with project awards across data centers, water treatment, recycling facilities, and other industrial end markets. By December 2025, backlog had reached a record $3.0 billion, underscoring strong demand and improved market momentum. ([arganinc.com](https://arganinc.com/wp-content/uploads/2026/04/Argan-2026-Annual-Report_SEARCHABLE.pdf?utm_source=openai)) Recent company actions have also been supportive for equity investors. In April 2026, Argan announced an increase to its share repurchase program and declared a regular quarterly cash dividend of $0.50 per common share. Operationally, Gemma Power Systems, one of Argan’s key subsidiaries, received notices to proceed on large Texas power projects, including a 1.35 GW combined-cycle plant and a 1.2 GW power project. For French-speaking investors, AGX offers a U.S.-listed industrial stock on the NYSE with direct exposure to energy infrastructure, power generation, and selected industrial construction themes in the United States. ([arganinc.com](https://arganinc.com/news/argan-inc-announces-increase-to-share-repurchase-program-declares-regular-quarterly-cash-dividend-of-0-50-per-common-share/?utm_source=openai))