Good evening, ladies and gentlemen, and welcome to the Argan, Inc., earnings release conference call for the fiscal fourth quarter and year ended January 31, 2025. This call is being recorded.

In case you haven't noticed all the yard signs, commercials, public events, online commentary, and more, it’s that time again ...

Operating loss was - $8.6 million in Q4 2024 as compared to an operating income of $2.8 million in Q4 2023. Operating income decreased by $31.2 million to a loss of - $12.7 million in FY2024 from an ...