Vmbook Online ordering

Heavy Construction

Argan, Inc. (AGX) is a holding company whose subsidiaries include Artisan Homes, AMI Florida, LLC and its subsidiaries (collectively, "AMI"), and Southern Current, LLC and its subsidiaries (together with AMI, the "operations subsidiaries"). Through its operations subsidiaries, AGX provides a range of services, including engineering, procurement, and construction; turnkey solar power systems; and single-family housing.

In terms of financials, here are some key points for AGX:

* For the quarter ended September 30, 2021, AGX reported revenue of $173.5 million, up from $83.3 million in the same period of the prior year.

* For the nine months ended September 30, 2021, AGX reported revenue of $468.3 million, up from $258.5 million in the same period of the prior year.

* For the year ended December 31, 2020, AGX reported revenue of $317.5 million, up from $241.2 million in the prior year.

* As of September 30, 2021, AGX had total assets of $1.2 billion, up from $848.7 million as of December 31, 2020.

In terms of earnings, AGX reported net income of $14.3 million, or $1.23 per diluted share, for the quarter ended September 30, 2021, compared to net income of $3.4 million, or $0.39 per diluted share, for the same period of the prior year. For the nine months ended September 30, 2021, AGX reported net income of $31.8 million, or $2.70 per diluted share, compared to net income of $8.0 million, or $1.00 per diluted share, for the same period of the prior year. For the year ended December 31, 2020, AGX reported net income of $17.9 million, or $1.65 per diluted share, compared to net income of $14.4 million, or $1.79 per diluted share, for the prior year.

One of the growth drivers for AGX is its renewable energy segment, Southern Current, which provides engineering, procurement, and construction (EPC) services for the commercial and utility-scale solar industry. Southern Current has built more than 1,200 MW of solar facilities across the United States since its inception in 2013. With the growing demand for renewable energy, Southern Current and AGX are well-positioned to benefit from this trend.

In summary, Argan Inc (AGX) is a holding company with a focus on engineering, procurement, and construction; turnkey solar power systems; and single-family housing. The company has reported solid financial results, fueled by the growth of its renewable energy segment. Going forward, AGX is well positioned for continued growth, driven by the increasing demand for renewable energy and residential construction.