OverviewSuggest Edit

Argan is a holding company primarily engaged in power industry services. It operates four wholly-owned subsidiaries: Gemma Power Systems (GPS), The Roberts Company (TRC), Atlantic Projects Company (APC) and SMC Infrastructure Solutions. Through GPS and APC, it provides a range of engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation market including the renewable energy sector. Through TRC, the industrial fabrication and field services reportable segment provides on-site services that support maintenance turnarounds, shutdowns, and emergency mobilizations for industrial plants. Through SMC, the telecommunications infrastructure services segment provides project management, construction, installation and maintenance services to commercial, local government and federal government customers.
TypePublic
Founded1961
HQRockville, MD, US
Websitearganinc.com
Overall CultureA

Latest Updates

Employees (est.) (Jan 2021)1,473(+28%)
Job Openings23
Revenue (FY, 2021)€156.8 M(+11%)
Share Price (May 2022)$36.7(+3%)
Cybersecurity ratingBMore
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Key People/Management at Argan

Rainer H. Bosselmann

Rainer H. Bosselmann

Chairman & Chief Executive Officer
David H. Watson

David H. Watson

Chief Financial Officer
Richard H. Deily

Richard H. Deily

Corporate Controller
Cynthia A. Flanders

Cynthia A. Flanders

Member of The Board
Mano Koilpillai

Mano Koilpillai

Member of The Board
Peter W. Getsinger

Peter W. Getsinger

Member of The Board
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Argan Office Locations

Argan has an office in Rockville
Rockville, MD, US (HQ)
1 Church St #201
Show all (1)

Argan Financials and Metrics

Argan Revenue

Argan's revenue was reported to be €156.83 m in FY, 2021
EUR

Revenue (FY, 2021)

156.8m

Gross profit (FY, 2021)

159.9m

Net income (FY, 2021)

676.3m

EBITDA (FY, 2021)

147.4m

EBIT (FY, 2021)

147.1m

Market capitalization (13-May-2022)

576.1m

Closing stock price (13-May-2022)

36.7

Cash (31-Dec-2021)

523.2m

EV

2.3b
Argan's current market capitalization is $576.1 m.
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

85.4m100.2m142.4m156.8m

Gross profit

85.4m102.8m145.2m159.9m
Half Year
EURH1, 2019H1, 2020H1, 2021

Revenue

45.1m69.5m76.2m

Cost of goods sold

(1.6m)

Gross profit

44.9m70.6m77.6m
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Cash

25.7m16.7m37.5m523.2m

Accounts Receivable

17.3m40.6m42.3m23.8m

Prepaid Expenses

42.0k22.0k62.0k220.0k
Half Year
EURH1, 2019H1, 2020H1, 2021

Cash

23.4m29.1m42.1m

Accounts Receivable

28.7m51.3m31.3m

Prepaid Expenses

432.0k956.0k1.1m
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

136.7m213.6m279.2m676.3m

Depreciation and Amortization

901.0k(28.0k)2.3m277.0k
Half Year
EURH1, 2019H1, 2020H1, 2021

Net Income

155.8m49.8m342.7m

Depreciation and Amortization

531.0k1.2m140.0k
EURFY, 2018

Revenue/Employee

55.0k
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Argan Operating Metrics

Argan's Backlog was reported to be $700m in Q2, 2022.
FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021Q1, 2022Q2, 2022

Backlog

$1.1 b$1.1 b$1.4 b$1.4 b$1.3 b$1.3 b$1.2 b$1.2 b$800 m$700 m$700 m

Manufacturing Space, sq. ft.

82.17 k82.17 k82.17 k

Office Space, sq. ft.

27.28 k27.28 k27.28 k

Warehouse Space, sq. ft

98.41 k98.41 k98.41 k
Show all operating metrics

Argan Acquisitions / Subsidiaries

Company NameDateDeal Size
The Roberts CompanyDecember 31, 2016
Atlantic Projects CompanyMay 31, 2015
Gemma Power SystemsDecember 31, 2006
AGX International Limited
Atlantic Power Contractors Limited
Atlantic Projects Company Limited
Atlantic Projects Company (UK) Limited
Atlantic Projects Company, Inc.
Gemma Plant Operations, LLC
Gemma Power Hartford, LLC
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Argan Revenue Breakdown

Embed Graph

Argan revenue breakdown by business segment: 100.0% from REAL ESTATE INVESTMENT TRUSTS

Argan Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Argan Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Argan Online and Social Media Presence

Embed Graph

Argan Company Culture

  • Overall Culture

    A

    81/100

  • CEO Rating

    A+

    93/100

  • Compensation

    B+

    78/100

Learn more on Comparably

Argan Blogs

ARGAN, INC. REPORTS YEAR-END AND FOURTH QUARTER RESULTS AND ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM

The post ARGAN, INC. REPORTS YEAR-END AND FOURTH QUARTER RESULTS AND ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM appeared first on Argan, Inc..

ARGAN, INC. ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM

The post ARGAN, INC. ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM appeared first on Argan, Inc..

Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Names Charles Collins as Chief Executive Officer

The post Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Names Charles Collins as Chief Executive Officer appeared first on Argan, Inc..

Argan, Inc.’s Wholly Owned Subsidiary Atlantic Projects Company Enters into an Engineering and Construction Contract for a 660 MW Power Project in Northern Ireland.

The post Argan, Inc.’s Wholly Owned Subsidiary Atlantic Projects Company Enters into an Engineering and Construction Contract for a 660 MW Power Project in Northern Ireland. appeared first on Argan, Inc..

Argan, Inc. Reports Second Quarter Results

The post Argan, Inc. Reports Second Quarter Results appeared first on Argan, Inc..

Argan, Inc. Reports First Quarter Results

The post Argan, Inc. Reports First Quarter Results appeared first on Argan, Inc..
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Argan Frequently Asked Questions

  • When was Argan founded?

    Argan was founded in 1961.

  • Who are Argan key executives?

    Argan's key executives are Rainer H. Bosselmann, David H. Watson and Richard H. Deily.

  • How many employees does Argan have?

    Argan has 1,473 employees.

  • What is Argan revenue?

    Latest Argan annual revenue is €156.8 m.

  • What is Argan revenue per employee?

    Latest Argan revenue per employee is €106.5 k.

  • Who are Argan competitors?

    Competitors of Argan include APTIM, CDI and Tractebel.

  • Where is Argan headquarters?

    Argan headquarters is located at 1 Church St #201, Rockville.

  • Where are Argan offices?

    Argan has an office in Rockville.

  • How many offices does Argan have?

    Argan has 1 office.