---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-014282"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2022-09-08T23:59:59+00:00"
generated_at: "2026-06-23T12:28:08.825764+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Argan Q2 net income falls to $4.2M from $12.9M; revenue down 11.2%; buyback raised to $100M

## Summary
- Net income $4.2M ($0.30 diluted EPS) vs $12.9M ($0.81) a year ago; includes $0.43/share unfavorable IRS R&D credit adjustment.
- Revenue $118.1M, down 11.2% YoY; power industry services segment down $7.7M due to Guernsey project post-peak.
- Board increased share repurchase authorization from $75M to $100M; $73.6M spent so far on 1.94M shares (~12% of outstanding).
- Regular quarterly dividend of $0.25 per share declared, payable Oct 31, 2022 to holders of record Oct 21, 2022.
- Backlog (RUPO) $372M; CEO expects announcement of a new major project in Q3; APC secured contracts for 195 MW in Dublin.

## SEC filing metadata
- accession: 0001558370-22-014282
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2022-09-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837022014282/0001558370-22-014282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837022014282/agx-20220908x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-014282
- JSON: https://secwatch.observer/filing/0001558370-22-014282.json
- Plain text: https://secwatch.observer/filing/0001558370-22-014282.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.