secwatch.observer — SEC 8-K summary
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Issuer:     ARGAN INC (AGX)
CIK:        0000100591
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001558370-23-006051
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100591/000155837023006051/0001558370-23-006051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100591/000155837023006051/agx-20230412x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006051

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