REX American Q3 EPS $1.49 record; net income $26.1M, gross profit up 324%

REX AMERICAN RESOURCES Corp

2024-Q3 EPS reported $2.31 revenue$645,770,000

Net income attributable to REX common shareholders $26.1M ($1.49 diluted EPS) vs $3.2M ($0.18) in Q3 2022, an all-time quarterly record.
Revenue $221.1M vs $220.3M; ethanol gallons sold up 10.4% to 73.2M; average ethanol price $2.32/gal.
Gross profit $39.3M vs $9.3M, driven by lower corn and natural gas costs.
Progress on carbon capture facility and One Earth capacity expansion from 150M to 175M gallons, targeting 200M.
Cash and short-term investments $332.0M at Oct 31, up from $280.9M at Jan 31, 2023.

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 third quarter ended October 31, 2023 results: revenue $221.1 million, net income $26.1 million, EPS $1.49.

Period: fiscal 2023 third quarter ended October 31, 2023
Revenue: $221.1 million
Net income: $26.1 million
EPS: $1.49
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 Q3 ‘23 net sales and revenue were $221.1 million, compared with $220.3 million in Q3 ‘22. The year-over-year net sales and revenue increase primarily reflects a 10.4% increase in the quantities of ethanol sold, partially offset

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Source: SEC EDGAR

accession 0000930413-23-002508

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