Shares of Argan, Inc. (AGX) are surging more than 23 percent Friday morning after reporting robust growth in revenue in the fourth quarter. The engineering and construction company also increased its quarterly dividend by 20 percent to $0.30 per share.
Revenue for the quarter increased 38.5 percent to $164.6 million from $118.8 million last year.
Profit, however, was $12.02 million or $0.89 per share, down from $13.63 million or $1.00 per share last year.
AGX, currently at $60.79, has traded in the range of $37.37 - $61.78 in the last 1 year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.