secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0000930413-22-001999
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REX reports Q3 EPS $0.18 vs $0.74 YoY; files carbon sequestration permit
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- Net sales $220.3M (+8.5% YoY); gross profit fell to $11.3M from $25.2M on higher corn and natural gas costs.
- Net income attributable to REX common shareholders from continuing ops $3.2M ($0.18 diluted EPS) vs $13.3M ($0.74) in Q3 '21.
- Filed Class VI injection well permit (three wells) for carbon sequestration; secured compression facility contract at One Earth Energy.
- Cash and short-term investments $289.8M; no debt. Repurchased 249,570 shares for ~$6.8M in Q3.
- Net income for first nine months of fiscal 2022 was $1.10 per share, ninth consecutive profitable quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041322001999/0000930413-22-001999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041322001999/c104956_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-22-001999

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