secwatch.observer — SEC 8-K summary
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Issuer:     ARGAN INC (AGX)
CIK:        0000100591
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001558370-23-015508
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100591/000155837023015508/0001558370-23-015508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100591/000155837023015508/agx-20230906x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-015508

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