secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2022-08-30T23:59:59+00:00
Accession:  0000930413-22-001561
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REX American Q2 net income $0.63/share vs $0.44 YoY; revenue up 23% to $240.3M
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- Net sales $240.3M vs $195.7M (+23% YoY); gross profit $16.6M vs $14.2M.
- Diluted EPS $0.63 vs $0.44; net income to REX shareholders $11.2M vs $5.7M.
- Received $7.8M USDA COVID relief grants for consolidated plants; equity share $1.6M.
- Cash and short-term investments $245.1M; repurchased 221,883 shares for $6.2M in quarter.
- Avg ethanol price $2.65/gal; corn cost $7.78/bu; natural gas $7.04/mmBtu.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041322001561/0000930413-22-001561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041322001561/c104419_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-22-001561

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer