Argan Q4 revenue rises 38% to $164.6 million; profit falls on Kilroot project loss
Argan reported fourth-quarter revenue of $164.6 million, up 38.5% from a year earlier, but net income fell to $12.0 million, or $0.89 per diluted share, from $13.6 million, or $1.00. The company tied the profit decline to a loss on its Kilroot Power Station project in Northern Ireland, while full-year fiscal 2024 revenue rose 26% to $573.3 million and diluted EPS rose to $2.39 from $2.33. The board also declared a regular quarterly dividend of $0.30 per share.
Key points
- Q4 revenue $164.6 million vs. $118.8 million a year earlier; Q4 net income $12.0 million, $0.89 per diluted share, vs. $1.00
- Kilroot project losses of approximately $2.1 million in Q4 and $13.6 million for fiscal 2024; the company says it has submitted claims above the recorded loss
- Fiscal 2024 revenue $573.3 million, up 26.0%; net income $32.4 million, $2.39 per diluted share, vs. $2.33
- Quarterly dividend of $0.30 per share payable April 30, 2024 to holders of record on April 22, 2024
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 11, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.