secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0000930413-24-001797
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REX American Q1 FY2024 EPS $0.58, net income $10.2M; carbon capture facility on track for July
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- Diluted EPS of $0.58, up from $0.30 a year ago; net income attributable to REX of $10.2M vs $5.2M.
- Net sales of $161.2M, down 24% YoY on lower ethanol/co-product prices; gross profit of $14.5M (+42%).
- Consolidated ethanol sales volumes of 74.5M gallons (+4% YoY).
- One Earth carbon capture facility construction expected to complete July 2024; 100% pipeline rights of way secured.
- Cash, cash equivalents & short-term investments of $351.8M; no bank debt at April 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041324001797/0000930413-24-001797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041324001797/c109066_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-24-001797

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