Argan Inc (NYSE:AGX) shares are moving higher on Friday after the company delivered a strong fourth‑quarter report that topped Wall Street expectations.

Argan stock is at critical resistance. Why did AGX hit a new high?

Earnings And Revenue Top Expectations

Argan posted fourth‑quarter earnings of $3.47 per diluted share, well above the consensus estimate of $1.96 and up from $2.22 a year ago. Revenue came in at $262.1 million, beating expectations of $255.3 million and rising 12.7% year‑over‑year.

For fiscal 2026, the company reported net income of $137.8 million, or $9.74 per diluted share, compared to $85.5 million, or $6.15 per share, in fiscal 2025. Full‑year revenue grew 8.1% to $944.6 million.

Margin Strength And Project Execution

Fourth‑quarter gross ...