earnings
confidence high
sentiment positive
materiality 0.75
REX American Resources Q2 net income $7.9M ($1.31 EPS) vs loss year ago; revenue $195.8M
REX AMERICAN RESOURCES Corp
- Net income $7.9M ($1.31 diluted EPS) vs net loss $1.7M ($0.28 loss) in Q2 2020.
- Revenue $195.8M, up from $39.3M, driven by higher ethanol production and pricing.
- Ethanol segment income before taxes $10.7M vs loss $3.3M; refined coal segment loss $3.5M.
- Board authorized repurchase of additional 500,000 shares after completing prior 500K share buyback.
- Cash and short-term investments $187.6M; parent company portion $42.1M.