Argan, Inc. reported earnings results for the third quarter and nine months ended October 31, 2022. For the third quarter, the company reported sales was USD 117.88 million compared to USD 124.45 million a year ago. Net income was USD 7.76 million compared to USD 12.39 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.78 a year ago.
For the nine months, sales was USD 336.26 million compared to USD 383.8 million a year ago. Net income was USD 19.47 million compared to USD 36.03 million a year ago. Basic earnings per share from continuing operations was USD 1.36 compared to USD 2.29 a year ago. Diluted earnings per share from continuing operations was USD 1.36 compared to USD 2.25 a year ago.