AP NEWS

Argan: Fiscal 1Q Earnings Snapshot

June 10, 2019

ROCKVILLE, Md. (AP) _ Argan Inc. (AGX) on Monday reported a fiscal first-quarter loss of $29.8 million, after reporting a profit in the same period a year earlier.

The Rockville, Maryland-based company said it had a loss of $1.91 per share. Losses, adjusted for asset impairment costs, were $1.78 per share.

The builder of energy plants posted revenue of $49.5 million in the period.

Argan shares have increased 16% since the beginning of the year. In the final minutes of trading on Monday, shares hit $43.83, an increase of 13% in the last 12 months.

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