Argan, Inc. Announces Significant Expansion of Share Repurchase Program and Declares Quarterly Dividend

Key Highlights

• Share Repurchase Program Increased: The Board of Directors of Argan, Inc. has authorized an increase in its share repurchase program from \$150 million to \$200 million. The expiration date for this program has been extended to January 31, 2030.
• Quarterly Dividend Declared: A regular quarterly cash dividend of \$0.50 per common share has been declared. The dividend will be paid on April 30, 2026, to shareholders of record as of April 22, 2026.
• Strong Financial Position: Argan’s expansion of its repurchase program is attributed to robust and sustained cash generation, a strong balance sheet, and confidence in long-term demand for its services.
• Business Outlook: The company is witnessing exceptionally strong demand for its power infrastructure services, and management expresses optimism about continued revenue growth and profitability into fiscal 2027 and beyond.

Details Investors Need to Know

Argan, Inc. (NYSE: AGX) is taking decisive steps to enhance shareholder value by both increasing its share repurchase authorization and continuing its commitment to regular dividends. The expanded repurchase program, now totaling \$200 million, provides the company with additional flexibility to return capital to shareholders over the next several years, with the updated expiration date set for January 31, 2030. This move reflects the board’s confidence in the company’s financial strength and its ability to generate sustained cash flow.

The quarterly dividend of \$0.50 per common share is another sign of financial stability and ongoing profitability. Investors should note the record date of April 22, 2026, and the payment date of April 30, 2026, for planning purposes.

President and CEO David Watson commented on the announcement, emphasizing that these actions underscore Argan’s conviction about its future prospects and the strong demand environment for its services. He noted that as the company enters its twentieth year in the power infrastructure sector, it remains disciplined in project execution and is energized by ongoing opportunities.

Business Overview

• Core Services: Argan provides construction and related services to the power industry, focusing on engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities.
• Subsidiaries: The company operates through Gemma Power Systems and Atlantic Projects Company, and also owns The Roberts Company (industrial construction, fabrication, and plant services) and SMC Infrastructure Solutions (teledata infrastructure services).

Potential Share Price Sensitivity

Both the expansion of the share repurchase program and the continuation of a sizable dividend are material, price-sensitive events that can positively impact Argan’s share value. These actions signal management’s confidence in the company’s financial position and future prospects, potentially attracting new investors and rewarding existing shareholders.

However, investors should remain aware of risk factors highlighted by Argan, including the successful addition of new contracts, the receipt of corresponding notices to proceed with contract activities, and the company’s ability to execute and complete projects. Any failure in these areas could materially impact results and the timing of returns to shareholders.

Contact Information

• Company Contact: David Watson, 301.315.0027
• Investor Relations: John Nesbett/Jennifer Belodeau, IMS Investor Relations, 203.972.9200, [email protected]

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should review Argan, Inc.’s most recent SEC filings and consult with a financial advisor before making any investment decisions. The company’s financial performance and share value are subject to risks and uncertainties, including but not limited to business execution, contract additions, and market conditions.

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