---
schema_version: "secwatch.filing_event.v1"
accession: "0000930413-23-002051"
form_type: "8-K"
ticker: "REX"
cik: "0000744187"
company_name: "REX AMERICAN RESOURCES Corp"
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T02:09:37.108186+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000930413-23-002051
- form_type: 8-K
- ticker: REX
- cik: 0000744187
- company_name: REX AMERICAN RESOURCES Corp
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744187/000093041323002051/0000930413-23-002051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744187/000093041323002051/c106981_8k-ixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930413-23-002051
- JSON: https://secwatch.observer/filing/0000930413-23-002051.json
- Plain text: https://secwatch.observer/filing/0000930413-23-002051.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/744187/000093041323002051/0000930413-23-002051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.