earnings
confidence high
sentiment positive
materiality 0.70
REX American Q3 net income $15.3M; diluted EPS $2.56 vs $1.44 YoY
REX AMERICAN RESOURCES Corp
- Net income attributable to REX shareholders of $15.3M, or $2.56 diluted EPS, up 78% from $1.44 in Q3 2020.
- Net sales and revenue of $203.1M, up from $124.2M in prior year, driven by higher ethanol, distillers grains, and corn oil pricing.
- Gross profit from continuing operations increased to $25.2M from $18.9M.
- Repurchased 66,792 shares for $5.3M during Q3; $219.0M cash and short-term investments at quarter end.
- Average ethanol price $2.31/gal vs $1.31; corn price $6.45/bushel vs $3.28.