{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-010906","form_type":"8-K","ticker":"AGX","cik":"0000100591","company_name":"ARGAN INC","filed_at":"2023-06-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.554419+00:00","generated_at":"2026-06-14T04:36:43.416317+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Argan Q1 FY2024 net income $2.1M ($0.16 EPS) down 72% YoY; gross margin 13.7% vs 19.7%","bullets":["Revenue $103.7M (+3.4% YoY) but gross profit fell to $14.2M from $19.7M as project mix shifted.","EBITDA dropped to $3.6M from $10.7M; net income $2.1M vs $7.5M in prior-year quarter.","Backlog $806M, consistent with year-end; cash and liquid investments $316.9M; no debt.","Repurchased 92,656 shares for $3.7M in Q1; total repurchases ~2.5M shares (~15% of outstanding).","Guernsey Power Station (largest single-phase gas-fired project in U.S.) reached substantial completion."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-010906","json":"https://secwatch.observer/filing/0001558370-23-010906.json","markdown":"https://secwatch.observer/filing/0001558370-23-010906.md","text":"https://secwatch.observer/filing/0001558370-23-010906.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/100591/000155837023010906/0001558370-23-010906-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/100591/000155837023010906/agx-20230608x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T04:36:43.416317+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"45d4c284f12d9dd5feb7b8ce140ae503901a89b1","claim":"ARGAN INC reported the three months ended April 30, 2023 results: revenue $103,675, net income $2,109, EPS 0.16.","evidence_excerpt":"Consolidated Financial Highlights ($ in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 30, ​ ​ ​ For the Quarter Ended: 2023 2022 Change Revenues ​ $ 103,675 ​ $ 100,277 ​ $ 3,398 ​ Gross profit ​ 14,224 ​ 19,738 ​ (5,514) ​ Gross margin % ​ 13.7 % 19.7 % (6.0) % Net income ​ $ 2,109 ​ $ 7,485 ​ $ (5,376) ​ Diluted per share ​ 0.16 ​ 0.50 ​ (0.34) ​ EBITDA ​ ​ 3,649 ​ ​ 10,733 ​ ​ (7,084) ​ Cash dividends per share ​ 0.25 ​ 0.25 ​ —","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100591/000155837023010906/0001558370-23-010906-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended April 30, 2023"},{"label":"Revenue","value":"$103,675"},{"label":"Net income","value":"$2,109"},{"label":"EPS","value":"0.16"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}