---
schema_version: "secwatch.filing_event.v1"
accession: "0000930413-23-002508"
form_type: "8-K"
ticker: "REX"
cik: "0000744187"
company_name: "REX AMERICAN RESOURCES Corp"
filed_at: "2023-11-30T23:59:59+00:00"
generated_at: "2026-06-07T20:08:43.097314+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000930413-23-002508
- form_type: 8-K
- ticker: REX
- cik: 0000744187
- company_name: REX AMERICAN RESOURCES Corp
- filed_at: 2023-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744187/000093041323002508/0000930413-23-002508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744187/000093041323002508/c107358_8k-ixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930413-23-002508
- JSON: https://secwatch.observer/filing/0000930413-23-002508.json
- Plain text: https://secwatch.observer/filing/0000930413-23-002508.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/744187/000093041323002508/0000930413-23-002508-index.htm

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