AGX

Argan, Inc. is a holding company providing a range of services through its subsidiaries, primarily focused on power industry services and telecommunications infrastructure. The company's main operating subsidiary, Gemma Power Systems, provides engineering, procurement, and construction (EPC) services for natural gas-fired and renewable energy power plants, along with related energy infrastructure projects. Argan's telecom infrastructure subsidiary provides services supporting wireless communications networks. The company serves utility companies, independent power producers, and energy developers across the United States. Argan has successfully completed numerous power plant projects, demonstrating technical expertise and project management capabilities. The company operates on a project-by-project basis, with revenue and earnings influenced by project timing and backlog. Founded in 1961 and headquartered in Rockville, Maryland, Argan benefits from power infrastructure investment, energy transition toward natural gas and renewables, and communications network expansion. The company emphasizes safety, quality execution, and client relationships while managing project risks, competitive bidding dynamics, and operational leverage in its services business.