---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006051"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:10:34.274597+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Argan reports Q4 net income $13.6M ($1.00 EPS) vs $2.2M; backlog rises to $822M

## Summary
- Q4 revenue $118.8M (-5.4% YoY); net income $13.6M vs $2.2M, boosted by $3.2M tax benefit and lower SG&A.
- Full year revenue $455.0M (-10.7% YoY), net income $33.1M ($2.33 diluted EPS) vs $38.2M ($2.40) prior year.
- Backlog at Jan 31, 2023: $822M, up from $714M; management expects increased revenue in FY2024 as projects ramp.
- Board declares $0.25 quarterly dividend, payable April 28; unchanged from prior.
- During FY2023 repurchased 1.86M shares for $68.2M; total repurchases since Nov 2021 ~15% of outstanding shares.

## SEC filing metadata
- accession: 0001558370-23-006051
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837023006051/0001558370-23-006051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837023006051/agx-20230412x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006051
- JSON: https://secwatch.observer/filing/0001558370-23-006051.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006051.txt

## Key facts
- Earnings Releases
  ARGAN INC reported the fourth quarter and the fiscal year ended January 31, 2023 results: revenue $ 118,778 (quarter) and $ 455,040 (fiscal year), net income $ 13,633 (quarter) and $ 33,098 (fiscal year), EPS $ 1.00 per diluted share (quarter) and $ 2.33 per diluted share (fiscal year).
  - Period: the fourth quarter and the fiscal year ended January 31, 2023
  - Revenue: $ 118,778 (quarter) and $ 455,040 (fiscal year)
  - Net income: $ 13,633 (quarter) and $ 33,098 (fiscal year)
  - EPS: $ 1.00 per diluted share (quarter) and $ 2.33 per diluted share (fiscal year)
  - Result: reported results
  source text: ET. Consolidated Financial Highlights ($ in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 31, ​ ​ ​ For the Quarter Ended: 2023 2022 Change Revenues ​ $ 118,778 ​ $ 125,570 ​ $ (6,792) ​ Gross profit ​ 20,028 ​ 22,231 ​ (2,203) ​ Gross margin % ​ 16.9 % 17.7 % (0.8) % Net income attributable to the stockholders of the Company ​ $ 13,633 ​
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837023006051/0001558370-23-006051-index.htm

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