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AI brief of an SEC Form 8-K · Argan (AGX)

Argan Q1 revenue rises 52% to $157.7 million; net income climbs to $7.9 million

Positive Impact 3 of 5 earnings Written later

Argan reported results for the first quarter of fiscal 2025, ended April 30, 2024. Revenue rose 52.1% to $157.7 million and net income was $7.9 million, or $0.58 per diluted share, versus $2.1 million, or $0.16, a year earlier. Gross margin fell to 11.4% from 13.7%, partly due to a $2.6 million loss on the Kilroot Power Station project in Northern Ireland.

Key points

  • Revenue of $157.7 million for the quarter, up from $103.7 million in the prior-year quarter
  • Net income of $7.9 million, or $0.58 per diluted share, compared with $0.16 a year earlier
  • Gross margin of 11.4% versus 13.7%, reflecting a $2.6 million Kilroot loss; backlog reached $824 million at April 30, 2024

The filing

CompanyArgan (AGX)
Form8-K, current report
Filed with the SECJun 6, 2024, 4:12 PM ET
Accession number0001558370-24-008956

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.