secwatch.observer — SEC 8-K summary
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Issuer:     ARGAN INC (AGX)
CIK:        0000100591
Form:       8-K
Filed at:   2025-12-04T23:59:59+00:00
Accession:  0001104659-25-118462
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Argan reports Q3 net income $30.7M ($2.17 EPS); backlog hits record $3.0B
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- Net income $30.7M ($2.17 diluted EPS) vs $28.0M ($2.00) YoY; revenues $251.2M (-2.3%).
- Record project backlog $3.0B, up from $1.4B at Jan 2025, added two Texas gas-fired projects (1.4 GW CPV Basin Ranch, 860 MW).
- Gross margin improved to 18.7% from 17.2%; EBITDA $40.3M vs $37.5M.
- Cash & investments $726.8M; no debt; dividend raised to $0.50/share from $0.375.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100591/000110465925118462/0001104659-25-118462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100591/000110465925118462/agx-20251204x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-118462

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