REX Q4 fiscal 2022 EPS $0.47, down 60% YoY; revenue $200.2M

REX AMERICAN RESOURCES Corp

2024-FY EPS reported $1.57 revenue$855,000,000

Net income from continuing ops $8.2M vs $21.3M YoY; revenue $200.2M vs $212.0M.
Gross profit $14.9M vs $38.8M on higher corn (+22%) and natural gas (+12%) costs.
Cash & short-term investments $280.9M (parent $42.1M, plants $238.8M); no debt.
Average ethanol selling price $2.31/gal (Q4 '21: $2.36); dried distillers grains $234.39/ton.
CEO cites difficult operating environment but remains confident in carbon capture initiatives.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REX AMERICAN RESOURCES Corp reported fiscal 2022 fourth quarter ended January 31, 2023 results: revenue $200.2 million, net income $8.2 million, EPS $0.47.

Period: fiscal 2022 fourth quarter ended January 31, 2023
Revenue: $200.2 million
Net income: $8.2 million
EPS: $0.47
Result: reported results

Exact text from the filing

REX’s Q4 ’22 net sales and revenue were $200.2 million, compared with $212.0 million in Q4 ’21. The year-over-year net sales and revenue decrease primarily reflects a decrease in the quantities sold of ethanol, dried distillers grains and modified distillers grains. Q4 ’22 gross profit for the Company’s continuing operations was $14.9 million, compared with $38.8 million in Q4 ’21 reflecting increases in corn and natural gas prices. This led to Q4 ’22 income before income taxes and non-controlling interests of $13.3 million, compared with $36.6 million in the comparable year ago period. Net income attributable to REX shareholders from continuing operations in Q4 ’22 was $8.2 million, compared to $21.3 million in Q4 ’21. Q4 ’22 basic and diluted net income per share attributable to REX common shareholders from continuing operations was $0.47, compared to $1.19 per share in Q4 ’21.

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Source: SEC EDGAR

accession 0000930413-23-001086

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