Argan, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023
December 06, 2023 at 04:05 pm EST
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Argan, Inc. reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported sales was USD 163.76 million compared to USD 117.88 million a year ago. Net income was USD 5.46 million compared to USD 7.76 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.56 a year ago.
For the nine months, sales was USD 408.78 million compared to USD 336.26 million a year ago. Net income was USD 20.34 million compared to USD 19.47 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 1.36 a year ago. Diluted earnings per share from continuing operations was USD 1.5 compared to USD 1.36 a year ago.
Argan, Inc. (Argan) is a holding company. It conducts operations through its wholly owned subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited and affiliates (APC), The Roberts Company, Inc. (TRC) and Southern Maryland Cable, Inc. (SMC). Through GPS and APC, its power industry services segment provides a full range of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector. Through TRC, the industrial fabrication and field services segment provides on-site services that support new plant construction and additions, maintenance turnarounds, shutdowns and emergency mobilizations for industrial plants. Through SMC, its telecommunications infrastructure services segment provides project management, construction, installation and maintenance services to commercial, local government and federal government customers.
ARGAN, INC. 
