Argan 2026年季度报告

Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF or (Exact Name of Registrant as Specified in Its Charter) 13-1947195 (301) 315-0027 (Registrant’s Telephone Number, Including Area Code) Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15 (d)of the SecuritiesExchange Act of 1934 (the “Exchange Act”) during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days.Yes Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting LargeacceleratedfilerAcceleratedfiler☐Non-acceleratedfiler☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No Common stock, $0.15 par value: 14,019,247 shares as of May 29, 2026. ARGAN, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS Accounts payable$123,850Accrued expenses105,065Contract liabilities565,774 STOCKHOLDERS’ EQUITY Preferred stock, par value $0.10 per share – 500,000 shares authorized; noshares issued and outstanding——Common stock, par value $0.15 per share – 30,000,000 shares authorized;15,828,289 shares issued; 14,020,427 and 13,950,712 shares outstanding atApril 30, 2026 and January 31, 2026, respectively2,3742,374Additional paid-in capital163,233167,234 Retained earnings ARGAN, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSApril 30, 2026 NOTE 1 – DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION Description of the Business Argan, Inc. (“Argan”) conducts its construction operations through its wholly-owned subsidiaries acrossthree distinct reportable business segments: Power, Industrial, and Teledata. Argan and these consolidated Through the Power segment, the Company provides a full range of engineering, procurement, construction,commissioning,maintenance,project development,and technical consulting services to the powergeneration market. The customers include primarily independent power producers, public utilities, powerplant equipment suppliers and other commercial firms with significant power requirements. Customerprojects are located in the United States (the “U.S.”), the Republic of Ireland (“Ireland”) and the UnitedKingdom (the “U.K.”). The Company’s Industrial segment provides on-site services that support new plantconstruction and additions for industrial facilities primarily located in the Southeast region of the U.S. The Basis of Presentation and Significant Accounting Policies The Company’s fiscal year ends on January 31 each year. The condensed consolidated financial statementsinclude the accounts of Argan and its wholly-owned subsidiaries. Intercompany balances and transactions Thesecondensed consolidated financial statements have been prepared pursuant to the rules andregulations of the U.S. Securities and Exchange Commission (the “SEC”). Certain information and notedisclosures normally included in annual financial statements prepared in accordance with accountingprinciples generally accepted in the United States of America (“U.S. GAAP”) have been condensed or In the opinion of management, the accompanying unaudited condensed consolidated financial statementscontain all adjustments considered necessary for a fair statement of the financial position of the Companyas of April 30, 2026, and its earnings and cash flows for the interim periods presented. The results of Recently Issued Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03,Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,which requires public business entities to disclose specific information about certain costs and expenses.The amendments in this update are effective for fiscal years beginning after December 15, 2026, andinterim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The There are no other recently issued accounting pronouncements that have not yet been adopted that theCompany c