Argan, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- David Hibbert Watson
- Full Time Employees
- 1,595
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- One Church Street Arlington MD United States of America 20850
- IPO Date
- Aug 18, 1995
- CIK
- 0000100591
- Website
- arganinc.com
- Similar Companies
- Business
- Argan, Inc. operates as a publicly traded holding company primarily engaged in engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services for the power generation market. The company conducts its activities mainly through its wholly owned subsidiaries, which include Gemma Power Systems (GPS), Atlantic Power Construction (APC), The Roberts Company (TRC), and Summit Mechanical Contractors (SMC). Argan's core product and service offerings encompass the design and construction of power plants, including conventional natural gas-fired plants and alternative energy facilities such as biomass plants, wind farms, solar fields, biofuel plants, ethanol and biodiesel plants, and waste-to-energy facilities. Additionally, Argan provides industrial construction services catering to heavy and light industrial clients across sectors such as agriculture, petrochemical, pulp and paper, water, and power. The company also offers telecommunications infrastructure services. Geographically, Argan operates primarily in the United States with project activities extending to Ireland and the United Kingdom. Founded in 1978 and headquartered in Arlington, Virginia, Argan generates the majority of its revenue from the Power Services segment, which designs, builds, commissions, and maintains energy generation facilities. Notably, the company has a project backlog including large-scale energy projects with approximately 18 gigawatts of power-generating capacity. Recent major developments in the past 1-2 years include Argan’s subsidiary GPS receiving full notice to proceed on the Tarbert Next Generation Power Station, a 300 megawatt biofuel facility in Ireland, illustrating its expansion in renewable energy infrastructure. The company continues to strengthen strategic partnerships, such as its collaboration with CPV for the construction of the CPV Basin Ranch Energy Center in Texas. Argan maintains a significant project development pipeline with investments and new projects identified for 2025-2026, reflecting a strategic focus on building innovative power solutions to support the transition to low-carbon and zero-carbon emissions. It also continues to expand its industrial services and telecommunications segments to diversify its business base. Overall, Argan, Inc. positions itself as a comprehensive engineering and construction firm specializing in power industry services, industrial construction, and telecommunications infrastructure, with a strong emphasis on renewable energy and sustainability initiatives within its operational footprint in the U.S., Ireland, and the U.K. It is recognized for executing complex power generation and infrastructure projects for a diverse clientele, including independent power project owners, public utilities, and industrial customers. The company’s leadership has demonstrated capability in expanding operations and enhancing the growth potential of its subsidiary entities. Argan operates with a workforce of approximately 1,595 employees and maintains a sizeable project backlog indicative of ongoing and upcoming industry engagements. Recent institutional investor interest further underscores its market presence and growth prospects.
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