Argan, Inc. Reports Third Quarter Results

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ROCKVILLE, Md. — Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its third quarter ended October 31, 2022. For additional information, please read the Company’s Quarterly Report on Form 10-Q, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Quarterly Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

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Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Receives Full Notice to Proceed for a 950 MW Natural Gas-Fired Power Plant in Lordstown, Ohio

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ROCKVILLE, Md. — Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces today that on November 3, 2022 its wholly owned subsidiary, Gemma Power Systems (”Gemma”), received full notice to proceed on an engineering, procurement and construction (“EPC”) services contract with Clean Energy Future-Trumbull, LLC (“CEF-Trumbull”), an affiliate of Clean Energy Future, LLC (“CEF”) of Manchester, Massachusetts, the developer of the Trumbull Energy Center, a 950 MW natural gas-fired power plant in Lordstown, Ohio. Gemma has commenced project activities. Read More

Argan, Inc. Reports Second Quarter Results; Increases Share Repurchase Program to $100 Million; Declares Dividend.

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ROCKVILLE, Md. –(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its second quarter ended July 31, 2022. The Company also announces that its Board of Directors approved an increase to the Company’s existing share repurchase program from $75 million to $100 million and declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable October 31, 2022 to stockholders of record at the close of business on October 21, 2022. For additional information, please read the Company’s Quarterly Report on Form 10-Q, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Quarterly Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

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ARGAN, INC. ANNOUNCES FOUNDER, CHAIRMAN AND CEO RETIREMENT AND SUCCESSION

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August 18, 2022 — ROCKVILLE, MD. — Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces today that Rainer H. Bosselmann, Founder, Chairman and Chief Executive Officer retired effective August 16, 2022. The Board of Directors of Argan (the “Board”) has appointed David H. Watson to succeed Mr. Bosselmann as President and Chief Executive Officer (“CEO”) and Mr. Watson will also join the Board.

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Argan, Inc. Reports First Quarter Results

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ROCKVILLE, Md. –(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its first quarter ended April 30, 2022. For additional information, please read the Company’s Quarterly Report on Form 10-Q, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Quarterly Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

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Argan, Inc.’s Wholly Owned Subsidiary Atlantic Projects Company Enters into Engineering and Construction Contracts for 195 MW Power Projects in Ireland.

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ROCKVILLE, Md. –(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces that its wholly owned subsidiary, Atlantic Projects Company (“APC”), has entered into engineering and construction services contracts with the Electricity Supply Board (“ESB”) to construct three 65 MW aero-derivative gas turbine flexible generation power plants in and around Dublin, Ireland. Two of the power plants, Poolbeg and Ringsend FlexGen Power Plants, will be located on the Poolbeg Peninsula, and the Corduff FlexGen Power Plant is to be built in Goddamendy, Dublin. All three projects cleared the SEM 2024/2025 T-3 Capacity auction earlier this year and are expected to operate intermittently during peak periods of electricity demand and as back-up supply options when renewable electricity generation is limited. A full notice to proceed has been received and project activities are now due to commence.

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ARGAN, INC. REPORTS YEAR-END AND FOURTH QUARTER RESULTS AND ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM

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April 13, 2022 — ROCKVILLE, MD. — Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its fiscal year and fourth quarter ended January 31, 2022. For additional information, please read the Company’s Annual Report on Form 10-K, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

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ARGAN, INC. DECLARES REGULAR QUARTERLY DIVIDEND OF $0.25 PER SHARE

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April 11, 2022 — ROCKVILLE, MD. — Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces that on April 8, 2022, its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable April 29, 2022 to stockholders of record at the close of business on April 21, 2022.

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ARGAN, INC. ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM

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January 24, 2022 — ROCKVILLE, MD. — Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its Board of Directors approved an increase in the Company’s existing share repurchase program, from $25 million to $50 million, to acquire shares of the Company’s Common Stock. The Company has repurchased shares at a cost of approximately $18 million under the authorization to date.

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