earnings
confidence high
sentiment negative
materiality 0.70
REX American Q1 FY2022 EPS $0.87 vs $1.30 YoY; net income down 33%
REX AMERICAN RESOURCES Corp
- Net sales $194.2M, up from $164.0M YoY; gross profit fell to $11.9M from $19.5M.
- Net income attributable to REX shareholders $5.2M vs $7.8M; diluted EPS $0.87 vs $1.30.
- Average ethanol selling price $2.28/gal (+27% YoY); corn cost $6.55/bushel (+27%).
- Cash and short-term investments $234.0M at quarter-end; parent company held $39.0M.
- Company cites inflationary input costs and logistical challenges; continues carbon capture project.