---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-012610"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2024-09-05T23:59:59+00:00"
generated_at: "2026-05-31T06:10:20.828345+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Argan Q2 revenues up 61% to $227M; EPS $1.31 vs $0.94; backlog tops $1B

## Summary
- Revenue $227M, up 61% YoY; net income $18.2M ($1.31 diluted EPS) vs $12.8M ($0.94)
- EBITDA $24.8M, highest quarterly since 2017; backlog $1.035B, up $278M from Jan 2024
- Quarterly dividend raised to $0.30 from $0.25; company debt-free with $485M cash/investments
- Gemma Power and Roberts drove record results; renewable backlog stands at $570M
- Gross margin fell to 13.7% from 16.8% on project mix; Kilroot losses hit six-month margin

## SEC filing metadata
- accession: 0001558370-24-012610
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2024-09-05T23:59:59+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/100591/000155837024012610/0001558370-24-012610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837024012610/agx-20240905x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-012610
- JSON: https://secwatch.observer/filing/0001558370-24-012610.json
- Plain text: https://secwatch.observer/filing/0001558370-24-012610.txt

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