Key facts
- Argan plans to add new projects in the next 10 to 18 months.
- Argan's buyback authorization has been increased to $200 million.
Argan has indicated plans to expand its operations by initiating new projects over the upcoming 10 to 18 months. Concurrently, the company has raised its share repurchase authorization, bringing the total available for buybacks to $200 million. This dual announcement suggests a strategy focused on both growth through new ventures and returning capital to shareholders.