secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0000930413-24-001174
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REX reports FY2023 net income per share $3.47, second highest in company history
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- Q4 EPS $1.16 vs $0.47 YoY; revenue $187.6M (-6% YoY) but gross profit $30.4M (+129% YoY).
- Full-year EPS $3.47 ($60.9M net income) vs $1.57; gross profit $98.2M (+102% YoY).
- Consolidated ethanol sales volume 285.9M gallons (+8% YoY); pricing decreased.
- One Earth carbon capture compression facility expected completion Q2 2024; budget $165-$175M.
- Cash and short-term investments $378.7M with zero bank debt at Jan 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041324001174/0000930413-24-001174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041324001174/c108697_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-24-001174

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