secwatch.observer — SEC 8-K summary
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Issuer:     ARGAN INC (AGX)
CIK:        0000100591
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001558370-24-012610
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100591/000155837024012610/0001558370-24-012610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100591/000155837024012610/agx-20240905x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012610

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