secwatch.observer — SEC 8-K summary
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Issuer:     ARGAN INC (AGX)
CIK:        0000100591
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0001558370-22-018448
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100591/000155837022018448/0001558370-22-018448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100591/000155837022018448/agx-20221207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018448

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