secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARGAN INC (AGX)
CIK:        0000100591
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001558370-23-019514
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100591/000155837023019514/0001558370-23-019514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100591/000155837023019514/agx-20231206x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019514

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer