secwatch.observer — SEC 8-K summary
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Issuer:     ARGAN INC (AGX)
CIK:        0000100591
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001558370-24-008956
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Argan Q1 revenue up 52% to $157.7M; EPS $0.58 vs $0.16; dividend raised to $0.30
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- Revenue $157.7M, +52% YoY; net income $7.9M ($0.58 diluted EPS) vs $2.1M ($0.16).
- EBITDA $11.9M vs $3.6M; gross margin 11.4% (down from 13.7%) due to Kilroot project loss of $2.6M.
- Backlog $824M including >$300M renewable projects; cash $416.4M, no debt.
- Quarterly cash dividend raised 20% to $0.30 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100591/000155837024008956/0001558370-24-008956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100591/000155837024008956/agx-20240606x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-008956

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