secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0000930413-23-002508
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041323002508/0000930413-23-002508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041323002508/c107358_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-23-002508

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