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ARLINGTON, Va. - Argan, Inc. (NYSE: AGX), a $2.27 billion market cap company specializing in construction services for the power industry, announced a leadership transition at its subsidiary, The Roberts Company, Inc. (TRC). The company has demonstrated remarkable performance, with a 163.77% return over the past year, according to InvestingPro data. Sean Terrell, previously President of TRC since 2023, has been promoted to Chief Executive Officer, succeeding Bobby Foister, Jr., who stepped down on April 30, 2025, in line with a long-term succession strategy.
Foister, who has contributed a decade of service to TRC, will remain involved as Chairman of TRC’s Board and provide support during the leadership handover. David Watson, President and CEO of Argan, expressed gratitude for Foister’s dedication and significant role in TRC’s growth and operational achievements.
Terrell brings over 30 years of experience in leadership and operational roles, including his tenure at Overland Contracting, Inc. and Black & Veatch, where he held senior positions and managed major international projects. His prior experience with Gemma Power Systems, another Argan subsidiary, and his educational background in Construction Engineering from Iowa State University, position him well for guiding TRC’s future development.
Watson praised Terrell’s track record at TRC and his collaboration with Foister, underscoring the company’s commitment to strategic succession planning. Terrell’s familiarity with TRC’s operations and culture is expected to be beneficial as he assumes his new responsibilities. The transition comes as Argan maintains strong financial health, with more cash than debt on its balance sheet and a 52.47% revenue growth in the last twelve months.
TRC, established in 1977 and headquartered near Greenville, North Carolina, is a prominent industrial construction and field services provider. The company supports a diverse range of industries, including agriculture, petrochemical, pulp & paper, water, data centers, and power, offering services from new plant construction to emergency mobilizations.
This leadership transition is based on a press release statement from Argan, Inc. and highlights the company’s focus on ensuring continuity and preparing for future growth. The company has maintained dividend payments for 15 consecutive years, demonstrating consistent shareholder returns. For deeper insights into Argan’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
In other recent news, Argan Inc. reported a strong performance in the fourth quarter of fiscal year 2025, significantly surpassing earnings and revenue expectations. The company posted earnings per share of $2.22, well above the forecasted $1.15, and achieved revenue of $232.5 million against an expected $197.5 million. This impressive quarter was characterized by a 41% year-over-year revenue increase and an 80% rise in project backlog, reflecting robust future demand. In addition to these financial results, Argan announced an increase in its share repurchase program from $125 million to $150 million and declared a quarterly cash dividend of $0.375 per share. Analyst Rob Brown from Lake Street Capital Markets upgraded Argan’s stock rating from Hold to Buy, citing the company’s strong fourth-quarter performance and potential for future growth. The company’s Power segment, which achieved gross margins of 21.3%, was a significant contributor to this success. Argan’s management anticipates securing several new power plant projects, potentially boosting the company’s backlog from $1.4 billion to between $2.5 billion and $3 billion in the coming months.
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