ARGAN INC
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $950.3M | $890.7M | $403.2M | $273.5M | $239.2M | $236.9M | $143.0M | $208.6M |
| Power Industry Services | $838.6M | $795.0M | $319.4M | $244.8M | $214.0M | $215.7M | $125.5M | $192.7M |
| Industrial Construction Services | $79.5M | $64.4M | $54.2M | $0 | $0 | $0 | $0 | $0 |
| Telecommunications Infrastructure Services | $32.2M | $31.3M | $29.7M | $28.8M | $25.2M | $21.1M | $17.5M | $15.9M |
| Cost of Revenue | $743.5M | $528.3M | — | — | — | — | — | — |
| Gross Profit | $149.3M | $146.7M | $99.5M | $83.6M | $78.8M | $50.1M | $23.1M | $29.1M |
| Gross Margin | 15.7% | 16.5% | 24.7% | 30.6% | 33.0% | 21.2% | 16.2% | 14.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $41.8M | $32.5M | $25.1M | $19.5M | $12.9M | $14.8M | $11.2M | $12.1M |
| Operating Income | $107.0M | $112.3M | $74.4M | $64.1M | $65.9M | $35.4M | $11.9M | $17.0M |
| Operating Margin | 11.3% | 12.6% | 18.5% | 23.4% | 27.6% | 14.9% | 8.3% | 8.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $112.6M | $114.5M | $75.5M | $64.4M | $69.3M | $35.3M | $12.0M | $17.0M |
| Income Tax Expense | $40.3M | $37.1M | $25.3M | $20.9M | $26.0M | $13.5M | $4.6M | $7.0M |
| Net Income | $72.0M | $70.3M | $36.3M | $30.4M | $40.1M | $23.3M | $9.3M | $7.8M |
| Net Margin | 7.6% | 7.9% | 9.0% | 11.1% | 16.8% | 9.8% | 6.5% | 3.7% |
| EPS (Basic) | $4.64 | $4.67 | $2.46 | $2.11 | $2.85 | $1.69 | $0.68 | $0.57 |
| EPS (Diluted) | $4.56 | $4.50 | $2.42 | $2.05 | $2.78 | $1.65 | $0.67 | $0.57 |
| Shares Outstanding (Basic) | 15.5M | 15.1M | 14.8M | 14.4M | 14.1M | 13.8M | 13.6M | 13.6M |
| Shares Outstanding (Diluted) | 15.8M | 15.6M | 15.0M | 14.8M | 14.4M | 14.1M | 13.8M | 13.7M |
| Dividends Per Share | $1.00 | $1.00 | $0.70 | $0.70 | $0.75 | $0.60 | $0.50 | — |