secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0000930413-23-002051
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041323002051/0000930413-23-002051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041323002051/c106981_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-23-002051

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