REX American Q2 net sales down 11.8% to $212M; EPS $0.52 vs $0.63 YoY

REX AMERICAN RESOURCES Corp

2024-Q2 EPS reported $0.82 revenue$424,691,000

Net sales $212.0M (Q2 '22: $240.3M); gross profit up 30.1% to $18.4M from $14.1M.
EPS $0.52 (diluted) vs $0.63; basic shares 17.46M vs 17.77M after 3-for-1 split.
Excluding $7.8M COVID-19 grants received in Q2 '22, pre-tax income rose 64.3% to $16.1M.
Ethanol gallons sold 69.1M vs 71.4M YoY; avg ethanol price $2.42/gal vs $2.65.
Cash & equivalents $284.4M; carbon capture projects at One Earth, NuGen, Big River ongoing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REX AMERICAN RESOURCES Corp reported fiscal 2023 second quarter ended July 31, 2023 results: revenue $212.0 million, net income $9.1 million, EPS $0.52.

Period: fiscal 2023 second quarter ended July 31, 2023
Revenue: $212.0 million
Net income: $9.1 million
EPS: $0.52
Result: reported results

Exact text from the filing

facilities are consolidated, while the four other ethanol plants are reported as equity in income of unconsolidated ethanol affiliates. REX’s Q2 ‘23 net sales and revenue were $212.0 million compared with $240.3 million in Q2 ‘22. The year-over-year net sales and revenue decline primarily reflects a reduction in the quantities sold of ethanol, as well as lower prices

View on SEC.gov

Browse all earnings releases →

REX AMERICAN RESOURCES Corp filing history →

Source: SEC EDGAR

accession 0000930413-23-002051

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.