Argan, Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $892.8M | $675.0M | $413.7M | $383.4M | $227.8M | $278.6M | $141.9M | $182.6M |
| Power Industry Services | $814.5M | $586.6M | $388.0M | $377.0M | $219.0M | $261.3M | $132.5M | $174.9M |
| Nutritional Products | — | — | — | — | — | — | — | — |
| Industrial Fabrication and Field Services | $65.3M | $79.0M | $15.3M | — | — | — | — | — |
| Industrial Construction Services | — | — | — | — | — | — | — | — |
| Telecommunications Infrastructure Services | $13.0M | $9.4M | $10.4M | $6.4M | $8.8M | $17.3M | $9.3M | $7.7M |
| Cost of Revenue | $743.5M | $528.3M | $313.8M | $299.5M | $148.6M | $228.5M | $118.7M | $153.5M |
| Gross Profit | $149.3M | $146.7M | $99.5M | $83.6M | $78.8M | $50.1M | $23.1M | $29.1M |
| Gross Margin | 16.7% | 21.7% | 24.0% | 21.8% | 34.6% | 18.0% | 16.3% | 15.9% |
| 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 | 12.0% | 16.6% | 18.0% | 16.7% | 28.9% | 12.7% | 8.4% | 9.3% |
| 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 | 8.1% | 10.4% | 8.8% | 7.9% | 17.6% | 8.3% | 6.5% | 4.3% |
| 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 | — |