---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019514"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T16:44:15.587757+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Argan Q3 revenue up 39% to $163.8M; net income down to $5.5M on Kilroot loss; dividend raised 20%

## Summary
- Revenue $163.8M (+39% YoY); net income $5.5M ($0.40 EPS) vs $7.8M ($0.56 EPS) YoY.
- Gross margin fell to 11.7% from 18.8%, driven by $10.7M pre-tax loss on Kilroot project.
- Backlog $730M (down from $822M at Jan 31, 2023); cash & investments $397.5M, no debt.
- Quarterly dividend increased 20% to $0.30/share; $125M active share repurchase program.
- Nine-month net income $20.3M ($1.50 EPS) vs $19.5M ($1.36 EPS) YoY.

## SEC filing metadata
- accession: 0001558370-23-019514
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837023019514/0001558370-23-019514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837023019514/agx-20231206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019514
- JSON: https://secwatch.observer/filing/0001558370-23-019514.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019514.txt

## Key facts
- Earnings Releases
  ARGAN INC reported third quarter of fiscal year 2024, ended October 31, 2023 results: revenue $163.8 million, net income $5.5 million, EPS $0.40 per diluted share.
  - Period: third quarter of fiscal year 2024, ended October 31, 2023
  - Revenue: $163.8 million
  - Net income: $5.5 million
  - EPS: $0.40 per diluted share
  - Result: reported results
  source text: Consolidated revenues for the quarter ended October 31, 2023 were $163.8 million, an increase of $45.9 million, or 38.9%, from consolidated revenues of $117.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837023019514/0001558370-23-019514-index.htm

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