---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-018448"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2022-12-07T23:59:59+00:00"
generated_at: "2026-06-21T07:55:11.544027+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Argan Q3 net income down 37% to $7.8M; revenue falls 5.3% to $117.9M

## Summary
- Diluted EPS of $0.56 vs $0.78 in prior year; net income $7.8M vs $12.4M.
- Revenue $117.9M, down $6.6M YoY; gross margin 18.8% vs 21.0%.
- Backlog rose to $839M from $714M; received NTP for Trumbull Energy Center 950 MW plant.
- Cash and ST investments $287M, no debt; maintained $0.25 quarterly dividend.
- Repurchased 308K shares for $10M in Q3; total $84M repurchased under $100M program.

## SEC filing metadata
- accession: 0001558370-22-018448
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2022-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837022018448/0001558370-22-018448-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837022018448/agx-20221207x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-018448
- JSON: https://secwatch.observer/filing/0001558370-22-018448.json
- Plain text: https://secwatch.observer/filing/0001558370-22-018448.txt

## Key facts
- Earnings Releases
  ARGAN INC reported the three months ended October 31, 2022 results: revenue $117.9 million, net income $7.8 million, EPS $0.56 per diluted share.
  - Period: the three months ended October 31, 2022
  - Revenue: $117.9 million
  - Net income: $7.8 million
  - EPS: $0.56 per diluted share
  - Result: reported results
  source text: and our strong balance sheet, we are positioned to finish out the year strong and for growth into the future.” Consolidated revenues for the quarter ended October 31, 2022 were $117.9 million, which represented a decrease of $6.6 million, or 5.3%, from consolidated revenues of $124.5 million reported for the three months ended October 31, 2021. Consolidated revenues
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837022018448/0001558370-22-018448-index.htm

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