---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-011873"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2025-09-04T23:59:59+00:00"
generated_at: "2026-05-17T08:11:55.918202+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Argan Q2 EPS $2.50 beats prior year $1.31; revenue up 4.7% to $237.7M; record backlog $2B

## Summary
- Q2 net income $35.3M, diluted EPS $2.50 (vs $1.31). Revenue $237.7M, up 4.7% YoY.
- Gross margin improved to 18.6% from 13.7%; EBITDA $36.2M (vs $24.8M).
- Record project backlog of $2.0B, up from $1.36B at Jan 31, 2025.
- Cash dividend increased to $0.375/share (up 25% from $0.30); no debt, cash & investments $572.2M.
- First fire achieved at Trumbull units; new EPC contract for 170 MW Platin Power Station in Ireland.

## SEC filing metadata
- accession: 0001558370-25-011873
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2025-09-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837025011873/0001558370-25-011873-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837025011873/agx-20250904x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-011873
- JSON: https://secwatch.observer/filing/0001558370-25-011873.json
- Plain text: https://secwatch.observer/filing/0001558370-25-011873.txt

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