---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015508"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:12:01.361518+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Argan Q2 FY2024 revenue $141.3M (+19.7% YoY), net income $12.8M ($0.94 EPS) vs $4.2M

## Summary
- Revenue $141.3M, up 19.7% YoY from $118.1M; net income $12.8M ($0.94 diluted) vs $4.2M ($0.30).
- Gross margin 16.8% vs 20.6% prior year due to project mix change.
- Project backlog $824M, third consecutive quarter above $0.8B.
- Cash and investments $346M, no debt; repurchased 77,132 shares for $3.1M in quarter.
- New project awards: Shannonbridge Power (Ireland), three solar + battery projects in IL (160 MW total).

## SEC filing metadata
- accession: 0001558370-23-015508
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/100591/000155837023015508/0001558370-23-015508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837023015508/agx-20230906x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015508
- JSON: https://secwatch.observer/filing/0001558370-23-015508.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015508.txt

## Key facts
- Earnings Releases
  ARGAN INC reported six months ended July 31, 2023 results: revenue $245.0 million, net income $14.9 million, or $1.10 per diluted share, EPS $1.10 per diluted share.
  - Period: six months ended July 31, 2023
  - Revenue: $245.0 million
  - Net income: $14.9 million, or $1.10 per diluted share
  - EPS: $1.10 per diluted share
  - Result: reported results
  source text: research and development credits adjustment recorded in the prior year quarter. First Six Months Results Consolidated revenues for the six months ended July 31, 2023 were $245.0 million, an increase of $26.6 million, or 12.2%, from consolidated revenues of $218.4 million reported for the comparable prior year period, with the improvement primarily due to the
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837023015508/0001558370-23-015508-index.htm
- Earnings Releases
  ARGAN INC reported second quarter of fiscal year 2024, ended July 31, 2023 results: revenue $141.3 million, net income $12.8 million, or $0.94 per diluted share, EPS $0.94 per diluted share.
  - Period: second quarter of fiscal year 2024, ended July 31, 2023
  - Revenue: $141.3 million
  - Net income: $12.8 million, or $0.94 per diluted share
  - EPS: $0.94 per diluted share
  - Result: reported results
  source text: recognition of our capabilities related to both traditional and renewable power resources.” Second Quarter Results Consolidated revenues for the quarter ended July 31, 2023 were $141.3 million, an increase of $23.2 million, or 19.7%, from consolidated revenues of $118.1 million reported for the comparable prior year period. The Company experienced increased revenues at
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837023015508/0001558370-23-015508-index.htm

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